For the year ended 31 October 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05265299
Betony Limited
For the year ended 31 October 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Betony Limited
Accountants' Report
For the year ended 31 October 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the
|
year ended
31
October
2014
and you consider that the company is exempt from an audit under the
|
Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist
|
you to fulfil your statutory responsibilities
,
from the accounting records and information and explanations
|
supplied to us
.
|
Vickers Reynolds & Co (Lye) Ltd
'The Stables'
Dudley road
Lye, Stourbridge
West Midlands
DY9 8EL
1 of 4
Notes to the Abbreviated Financial Statements
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Betony Limited
For the year ended 31 October 2014
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been
|
approved by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks
|
and rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed
|
assets and depreciated over the shorter of the lease term and their estimated expected useful lives
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future
|
periods
.
|
5,490
5,490
5,490
5,490
3 of 4
Notes to the Abbreviated Financial Statements
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Betony Limited
For the year ended 31 October 2014
Allotted called up and fully paid
|
2014
2013
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 4