BRIT ADHESIVES LTD

Company Registration Number:
08493241 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

BRIT ADHESIVES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

BRIT ADHESIVES LTD

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 10,542 8,288
Total fixed assets: 10,542 8,288
Current assets
Stocks: 153,782 123,041
Debtors:   373,267 238,957
Cash at bank and in hand: 216,006 304,793
Total current assets: 743,055 666,791
Creditors: amounts falling due within one year:   (350,886) (346,265)
Net current assets (liabilities): 392,169 320,526
Total assets less current liabilities: 402,711 328,814
Total net assets (liabilities): 402,711 328,814
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 402,611 328,714
Shareholders funds: 402,711 328,814

The notes form part of these financial statements

BRIT ADHESIVES LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 October 2023
and signed on behalf of the board by:

Name: Mr Jasbir Singh Gill
Status: Director

The notes form part of these financial statements

BRIT ADHESIVES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoices value of goods and services supplied by the company, net of value added tax and trade discount.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.Plant and Machinery straight line 25%Fixtures and Fittings straight line 25%Equipment straight line 50%

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-infirst-out basis.Overheads are charged to profit or loss as incurred, net realisable value is based on the estimated selling price less any estimated completion or selling costs.When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

BRIT ADHESIVES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

BRIT ADHESIVES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 106,853
Additions 7,536
At 30 November 2022 114,389
Depreciation
At 01 December 2021 98,565
Charge for year 5,282
At 30 November 2022 103,847
Net book value
At 30 November 2022 10,542
At 30 November 2021 8,288