Betterteam Ltd - Limited company - abbreviated - 11.0.0

Betterteam Ltd - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: SC167214 (Scotland)












Abbreviated Accounts for the Year Ended 31 March 2014

for

BETTERTEAM LTD

BETTERTEAM LTD (REGISTERED NUMBER: SC167214)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BETTERTEAM LTD

Company Information
for the Year Ended 31 March 2014







DIRECTORS: P E Foster
S M Foster





REGISTERED OFFICE: 6 Pittengullies Brae
Peterculter
Aberdeen
Aberdeenshire
AB14 0QS





REGISTERED NUMBER: SC167214 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
Traill Drive
Montrose
Angus
DD10 8SW

BETTERTEAM LTD (REGISTERED NUMBER: SC167214)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,350 655
Investment property 3 232,600 232,600
233,950 233,255

CURRENT ASSETS
Debtors 4,652 28,507
Cash at bank 664,723 489,543
669,375 518,050
CREDITORS
Amounts falling due within one year 206,349 66,412
NET CURRENT ASSETS 463,026 451,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,976

684,893

CAPITAL AND RESERVES
Called up share capital 4 22 22
Profit and loss account 696,954 684,871
SHAREHOLDERS' FUNDS 696,976 684,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 1 August 2014 and were signed on its
behalf by:



P E Foster - Director


BETTERTEAM LTD (REGISTERED NUMBER: SC167214)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax due to timing differences is immaterial and therefore not recognised.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 6,303
Additions 916
At 31 March 2014 7,219
DEPRECIATION
At 1 April 2013 5,648
Charge for year 221
At 31 March 2014 5,869
NET BOOK VALUE
At 31 March 2014 1,350
At 31 March 2013 655

BETTERTEAM LTD (REGISTERED NUMBER: SC167214)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2013
and 31 March 2014 232,600
NET BOOK VALUE
At 31 March 2014 232,600
At 31 March 2013 232,600

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
22 Ordinary £1 22 22