Company Registration No. 07718041 (England and Wales)
BREIZ TECHNOLOGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
BREIZ TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BREIZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 07718041)
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
24,590
-
0
Tangible assets
4
76,366
62,509
100,956
62,509
Current assets
Stocks
113,249
341,657
Debtors
5
241,690
224,477
Cash at bank and in hand
1,037
33
355,976
566,167
Creditors: amounts falling due within one year
6
(274,030)
(345,204)
Net current assets
81,946
220,963
Total assets less current liabilities
182,902
283,472
Creditors: amounts falling due after more than one year
7
(42,657)
(48,180)
Provisions for liabilities
-
0
(12,728)
Net assets
140,245
222,564
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
140,145
222,464
Total equity
140,245
222,564

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BREIZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 07718041)
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 February 2024 and are signed on its behalf by:
Mr P Smith
Director
BREIZ TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Breiz Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
Equally over 30 years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and equipment
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

BREIZ TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
6
3
Intangible fixed assets
Other
£
Cost
At 1 August 2022
-
0
Additions
25,150
At 31 July 2023
25,150
Amortisation and impairment
At 1 August 2022
-
0
Amortisation charged for the year
560
At 31 July 2023
560
Carrying amount
At 31 July 2023
24,590
At 31 July 2022
-
0
BREIZ TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Tangible fixed assets
Fixtures and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 August 2022
65,436
105,598
171,034
Additions
7,350
36,622
43,972
Disposals
-
0
(26,197)
(26,197)
At 31 July 2023
72,786
116,023
188,809
Depreciation and impairment
At 1 August 2022
40,542
67,983
108,525
Depreciation charged in the year
5,537
14,425
19,962
Eliminated in respect of disposals
-
0
(16,044)
(16,044)
At 31 July 2023
46,079
66,364
112,443
Carrying amount
At 31 July 2023
26,707
49,659
76,366
At 31 July 2022
24,894
37,615
62,509
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
235,158
178,403
Other debtors
6,532
46,074
241,690
224,477
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
101,617
158,011
Trade creditors
85,073
159,861
Taxation and social security
12,622
4,488
Other creditors
74,718
22,844
274,030
345,204

The bank overdraft is secured by way of fixed and floating charges, and contains a negative pledge.

BREIZ TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,313
29,341
Other creditors
23,344
18,839
42,657
48,180
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
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