Company Registration No. 12263506 (England and Wales)
BRIT-KO TRADING CO LTD
Unaudited accounts
for the year ended 31 October 2023
BRIT-KO TRADING CO LTD
Unaudited accounts
Contents
BRIT-KO TRADING CO LTD
Company Information
for the year ended 31 October 2023
Director
Miss SUN KYUNG KIM
Company Number
12263506 (England and Wales)
Registered Office
1802 Bagshaw Building
1 Wards Place
London
E14 9DU
England
BRIT-KO TRADING CO LTD
Statement of financial position
as at 31 October 2023
Tangible assets
1,838
2,042
Cash at bank and in hand
417
733
Creditors: amounts falling due within one year
(6,611)
(3,436)
Net current liabilities
(6,194)
(2,271)
Total assets less current liabilities
(4,356)
(229)
Creditors: amounts falling due after more than one year
(73,840)
(73,840)
Net liabilities
(78,196)
(74,069)
Called up share capital
100
100
Profit and loss account
(78,296)
(74,169)
Shareholders' funds
(78,196)
(74,069)
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 July 2024 and were signed on its behalf by
Miss SUN KYUNG KIM
Director
Company Registration No. 12263506
BRIT-KO TRADING CO LTD
Notes to the Accounts
for the year ended 31 October 2023
BRIT-KO TRADING CO LTD is a private company, limited by shares, registered in England and Wales, registration number 12263506. The registered office is 1802 Bagshaw Building , 1 Wards Place, London, E14 9DU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
10% reducing balance
The director has reasonable expectation that the Company as a wholly owned subsidiary has adequate resources from its parent company in South Korea to continue in operational existence for the foreseeable future. Accordingly, the director has prepared the financial statements under the going concern basis.
4
Tangible fixed assets
Computer equipment
BRIT-KO TRADING CO LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
-
432
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
73,840
73,840
The parent entity in South Korea has funded GBP 73,840 since its subsidiary established in the UK.
By virtue of its relevant legal entity's 100% shareholding the immediate parent undertaking is SEOWON CO, LTD, a business incorporated in South Korea (Business Registration No. 101-81-06586).
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).