£5,414
−48%vs Oct 2024Active14424028Private limited companyNew Tredegar
IT’S BETTER LTD
Significant control: Mikaela Jane Rees-Swindon (75–100%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does IT’S Better Ltd sell?
Registered activity: Public houses and bars (SIC 56302). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
IT’S BETTER LTD is an active private limited company (company number 14424028) incorporated on 17 October 2022, registered in New Tredegar. Its registered activity is public houses and bars (SIC 56302). Latest micro accounts cover the period ending 31 October 2025, showing net assets of £5,414, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 48% on the prior period (£10k). Across the last 3 periods on record the net-asset trend is volatile.
Peer position · net assets
By net assets it sits in the upper half of 320 comparable companies in Cardiff (median £5, upper quartile £20k).
02
Ownership and control
- Mrs Mikaela Jane Rees-Swindon
- owns 75–100% of shares
- holds 75–100% of voting rights
- can appoint or remove directors
- Mrs Eileen Joyce Swindon
- owns 25–50% of shares
- holds 25–50% of voting rights
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 17 October 20224 yrs ago
- Next accounts due
- 31 July 2027in 280 days
- Confirmation statement due
- 31 October 2026in 7 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 56302
- Public houses and bars
- Accounts type
- Micro Entity
- Size band
- MicroCompanies Act thresholds
05
Financials
Not reported
Not disclosed
2
No changevs Oct 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 October 2025 | £5,414 | — | — | £9,877 | — | — | 2 |
| 31 October 2024 | £10k | — | — | £11k | — | — | 2 |
| 31 October 2023 | £5,788 | — | — | £13k | — | — | 3 |
Current ratio2.37Current assets ÷ creditors within one year
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
06
Filing and accounts signals
- Net assets above zeroNet assets £5,414 at 31 October 2025
- Net assets down 25% or more on the prior period-47.7% vs prior period
- Current assets at least 1.5× creditors within one yearCurrent ratio 2.37
- Three or more accounting periods on record3 periods on record
- Incorporated two to five years agoIncorporated 17 October 2022
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Next accounts duein 280 days
- Confirmation statement duein 7 days
- Accounts period endNet assets £5,414 · micro accounts
- Accounts period endNet assets £10k · micro accounts
- Accounts period endNet assets £5,788 · micro accounts
- Incorporated
08
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- TEMPLE BAR CARDIFF LTDCardiff · inc. Sept 2022
- OWAIN FLOWER LIMITEDBlaenavon · inc. Sept 2022
All companies incorporated on 17 October 2022 · in Oct 2022.
09
Reminders for IT’S BETTER LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.