BESTTOHAVE LTD

BESTTOHAVE LTD

BESTTOHAVE LTD - Company Information

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1 November 2021 false No description of principal activity Taxfiler 2023.5.3 08715664business:PrivateLimitedCompanyLtd2021-11-012022-10-31 087156642021-10-31 087156642021-11-012022-10-31 08715664business:AuditExempt-NoAccountantsReport2021-11-012022-10-31 08715664business:FullAccounts2021-11-012022-10-31 087156642022-10-31 08715664business:Director12021-11-012022-10-31 08715664business:RegisteredOffice2021-11-012022-10-31 087156642021-10-31 08715664core:WithinOneYear2022-10-31 08715664core:WithinOneYear2021-10-31 08715664core:AfterOneYear2022-10-31 08715664core:AfterOneYear2021-10-31 08715664core:ShareCapital2022-10-31 08715664core:ShareCapital2021-10-31 08715664core:RetainedEarningsAccumulatedLosses2022-10-31 08715664core:RetainedEarningsAccumulatedLosses2021-10-31 08715664business:SmallEntities2021-11-012022-10-31 08715664countries:EnglandWales2021-11-012022-10-31 08715664core:PlantMachinery2021-11-012022-10-31 08715664core:FurnitureFittings2021-11-012022-10-31 08715664core:PlantMachinery2021-10-31 08715664core:FurnitureFittings2021-10-31 08715664core:PlantMachinery2022-10-31 08715664core:FurnitureFittings2022-10-31 087156642020-11-012021-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08715664 (England and Wales)
BESTTOHAVE LTD Unaudited accounts for the year ended 31 October 2022
BESTTOHAVE LTD Unaudited accounts Contents
Page
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BESTTOHAVE LTD Company Information for the year ended 31 October 2022
Director
AYE THANDA MON
Company Number
08715664 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
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BESTTOHAVE LTD Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
18,781 
10,647 
Current assets
Inventories
20,000 
15,000 
Cash at bank and in hand
50,034 
94,231 
70,034 
109,231 
Creditors: amounts falling due within one year
5
(27,741)
(65,694)
Net current assets
42,293 
43,537 
Total assets less current liabilities
61,074 
54,184 
Creditors: amounts falling due after more than one year
6
(61,263)
(47,413)
Net (liabilities)/assets
(189)
6,771 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(289)
6,671 
Shareholders' funds
(189)
6,771 
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2023 and were signed on its behalf by
AYE THANDA MON Director Company Registration No. 08715664
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BESTTOHAVE LTD Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
BESTTOHAVE LTD is a private company, limited by shares, registered in England and Wales, registration number 08715664. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% straight line method, 20% reducing balance method.
Fixtures & fittings
20% straight line method, 15% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2021
8,834 
8,230 
17,064 
Additions
12,715 
- 
12,715 
At 31 October 2022
21,549 
8,230 
29,779 
Depreciation
At 1 November 2021
4,799 
1,618 
6,417 
Charge for the year
3,489 
1,092 
4,581 
At 31 October 2022
8,288 
2,710 
10,998 
Net book value
At 31 October 2022
13,261 
5,520 
18,781 
At 31 October 2021
4,035 
6,612 
10,647 
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BESTTOHAVE LTD Notes to the Accounts for the year ended 31 October 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
12,550 
20,261 
Taxes and social security
948 
6,488 
Other creditors
525 
25,145 
Loans from directors
13,718 
13,800 
27,741 
65,694 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
61,263 
47,413 
7
Average number of employees
During the year the average number of employees was 2 (2021: 1).
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