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REGISTERED NUMBER: 03194808 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRITISH INTERNATIONAL INDUSTRIES LIMITED

BRITISH INTERNATIONAL INDUSTRIES LIMITED (REGISTERED NUMBER: 03194808)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRITISH INTERNATIONAL INDUSTRIES LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTOR: F C R Cradock





SECRETARY: F C R Cradock





REGISTERED OFFICE: Star Industrial Estate
Star Road
Partridge Green
West Sussex
RH13 8RA





REGISTERED NUMBER: 03194808 (England and Wales)

BRITISH INTERNATIONAL INDUSTRIES LIMITED (REGISTERED NUMBER: 03194808)

ABRIDGED BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 119,941 32,064
Tangible assets 5 84,007 52,893
203,948 84,957

CURRENT ASSETS
Stocks 2,351,922 2,755,865
Debtors 4,988,197 3,656,191
Cash at bank and in hand 843,209 871,135
8,183,328 7,283,191
CREDITORS
Amounts falling due within one year 6,212,040 5,631,617
NET CURRENT ASSETS 1,971,288 1,651,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,175,236

1,736,531

CREDITORS
Amounts falling due after more than one year (441,960 ) (616,305 )

PROVISIONS FOR LIABILITIES (15,692 ) (21,239 )
NET ASSETS 1,717,584 1,098,987

CAPITAL AND RESERVES
Called up share capital 1,000,100 1,000,100
Retained earnings 717,484 98,887
1,717,584 1,098,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BRITISH INTERNATIONAL INDUSTRIES LIMITED (REGISTERED NUMBER: 03194808)

ABRIDGED BALANCE SHEET - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





F C R Cradock - Director


BRITISH INTERNATIONAL INDUSTRIES LIMITED (REGISTERED NUMBER: 03194808)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

British International Industries 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents sales of aviation goods and services, excluding value added tax, sold and performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Intangible assets
Intangible assets are to be amortised over the lesser of their useful life or lease period in which they relate.

Leasehold improvements-amortised over 5 years

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-15% reducing balance
Fixtures and fittings-15% reducing balance
Computer equipment-25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

BRITISH INTERNATIONAL INDUSTRIES LIMITED (REGISTERED NUMBER: 03194808)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 40,080
Additions 109,008
Disposals (220 )
At 30 June 2023 148,868
AMORTISATION
At 1 July 2022 8,016
Amortisation for year 20,955
Eliminated on disposal (44 )
At 30 June 2023 28,927
NET BOOK VALUE

At 30 June 2023 119,941
At 30 June 2022 32,064

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 160,139
Additions 51,560
Disposals (41,235 )
At 30 June 2023 170,464
DEPRECIATION
At 1 July 2022 107,246
Charge for year 17,789
Eliminated on disposal (38,578 )
At 30 June 2023 86,457
NET BOOK VALUE
At 30 June 2023 84,007
At 30 June 2022 52,893

BRITISH INTERNATIONAL INDUSTRIES LIMITED (REGISTERED NUMBER: 03194808)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2022 23,066
Additions 39,217
At 30 June 2023 62,283
DEPRECIATION
At 1 July 2022 865
Charge for year 6,762
At 30 June 2023 7,627
NET BOOK VALUE
At 30 June 2023 54,656
At 30 June 2022 22,201

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 13,026 5,182
Between one and five years 37,793 18,138
50,819 23,320

Non-cancellable operating leases
2023 2022
£    £   
Within one year 99,208 99,208
Between one and five years 315,167 390,000
In more than five years - 24,375
414,375 513,583

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2023 the company had loaned directors £15,779 (2022 - £nil). This was the maximum amount owed during the year and is repayable on demand, no interest was charged on the loan. This loan has been repaid, since the year end.