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REGISTERED NUMBER: 12068669 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Bryter Services UK Limited

Bryter Services UK Limited (Registered number: 12068669)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bryter Services UK Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Bryter Gmbh
M Bues
M Grupp
S J Spivack





SECRETARY: Taylor Wessing Secretaries Limited





REGISTERED OFFICE: 5 New Street Square
London
EC4A 3TW





REGISTERED NUMBER: 12068669 (England and Wales)





AUDITORS: Porritt Rainey
The Crown Business Centre
10 High Street
Otford
Kent
TN14 5PR

Bryter Services UK Limited (Registered number: 12068669)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,786 71,660

CURRENT ASSETS
Debtors 5 108,376 4,332,207
Cash at bank 1,002,243 19,116,960
1,110,619 23,449,167
CREDITORS
Amounts falling due within one year 6 1,156,097 23,495,765
NET CURRENT LIABILITIES (45,478 ) (46,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,692

)

25,062

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (2,792 ) 24,962
SHAREHOLDERS' FUNDS (2,692 ) 25,062

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





M Grupp - Director


Bryter Services UK Limited (Registered number: 12068669)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Bryter Services UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

There is a capitalisation limit of £2,500 for computer equipment

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bryter Services UK Limited (Registered number: 12068669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2021 - 46 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2022 3,145 80,334 83,479
Additions - 1,085 1,085
Disposals - (3,682 ) (3,682 )
At 31 December 2022 3,145 77,737 80,882
DEPRECIATION
At 1 January 2022 262 11,557 11,819
Charge for year 1,048 26,448 27,496
Eliminated on disposal - (1,219 ) (1,219 )
At 31 December 2022 1,310 36,786 38,096
NET BOOK VALUE
At 31 December 2022 1,835 40,951 42,786
At 31 December 2021 2,883 68,777 71,660

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings - 4,202,493
Other debtors 108,376 129,714
108,376 4,332,207

Bryter Services UK Limited (Registered number: 12068669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 25,416 25,102
Amounts owed to group undertakings 863,189 23,091,344
Taxation and social security 118,128 239,660
Other creditors 149,364 139,659
1,156,097 23,495,765

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2022 24,962
Deficit for the year (27,754 )
At 31 December 2022 (2,792 )

The company has a bonus scheme for employees based on the share price on exit. As the value is unknown and cannot be predicted no provision has been made in the accounts.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Peal (Senior Statutory Auditor)
for and on behalf of Porritt Rainey

10. ULTIMATE CONTROLLING PARTY

The controlling party is Bryter GMBH.