0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,851 8,973 24,824 24,824 15,851 78,085 78,085 78,085 xbrli:pure xbrli:shares iso4217:GBP 12256114 2022-11-01 2023-10-31 12256114 2023-10-31 12256114 2022-10-31 12256114 2021-11-01 2022-10-31 12256114 2022-10-31 12256114 2021-10-31 12256114 bus:Director1 2022-11-01 2023-10-31 12256114 bus:Director3 2022-11-01 2023-10-31 12256114 core:PatentsTrademarksLicencesConcessionsSimilar 2022-11-01 2023-10-31 12256114 core:WithinOneYear 2023-10-31 12256114 core:WithinOneYear 2022-10-31 12256114 core:ShareCapital 2023-10-31 12256114 core:ShareCapital 2022-10-31 12256114 core:RetainedEarningsAccumulatedLosses 2023-10-31 12256114 core:RetainedEarningsAccumulatedLosses 2022-10-31 12256114 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 12256114 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-31 12256114 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-31 12256114 core:PlantMachinery 2023-10-31 12256114 core:PlantMachinery 2022-10-31 12256114 bus:Director1 2022-10-31 12256114 bus:Director1 2023-10-31 12256114 bus:Director3 2022-10-31 12256114 bus:Director3 2023-10-31 12256114 bus:Director1 2021-10-31 12256114 bus:Director1 2022-10-31 12256114 bus:Director3 2021-10-31 12256114 bus:Director3 2022-10-31 12256114 bus:Director1 2021-11-01 2022-10-31 12256114 bus:Director3 2021-11-01 2022-10-31 12256114 bus:SmallEntities 2022-11-01 2023-10-31 12256114 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12256114 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12256114 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12256114 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 12256114
BriXcell Ltd
Filleted Unaudited Financial Statements
31 October 2023
BriXcell Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
4
24,824
15,851
Tangible assets
5
78,085
78,085
---------
--------
102,909
93,936
Current assets
Stocks
14,506
5,259
Debtors
6
2,148
135
Cash at bank and in hand
2,624
7,492
--------
--------
19,278
12,886
Creditors: amounts falling due within one year
7
44,835
21,927
--------
--------
Net current liabilities
25,557
9,041
---------
--------
Total assets less current liabilities
77,352
84,895
--------
--------
Net assets
77,352
84,895
--------
--------
Capital and reserves
Called up share capital
102,102
102,102
Profit and loss account
( 24,750)
( 17,207)
---------
---------
Shareholders funds
77,352
84,895
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BriXcell Ltd
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
Mr T M Gardner
Director
Company registration number: 12256114
BriXcell Ltd
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in 1/10/2019. The address of the registered office is Unit 2 Global Business Park, Wilkinson Road, Cirencester, Gloucestershire, GL7 1YZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered going concern and believe this to be an appropriate basis on which to prepare these accounts. The directors have agreed to continue to support the company to ensure that it can meet its obligations as they fall due.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 November 2022
15,851
Additions
8,973
--------
At 31 October 2023
24,824
--------
Amortisation
At 1 November 2022 and 31 October 2023
--------
Carrying amount
At 31 October 2023
24,824
--------
At 31 October 2022
15,851
--------
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 November 2022 and 31 October 2023
78,085
78,085
--------
--------
Depreciation
At 1 November 2022 and 31 October 2023
--------
--------
Carrying amount
At 31 October 2023
78,085
78,085
--------
--------
At 31 October 2022
78,085
78,085
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
1,746
Other debtors
402
135
-------
----
2,148
135
-------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
11,112
249
Other creditors
33,723
21,678
--------
--------
44,835
21,927
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr T M Gardner
( 6,966)
( 8,000)
( 14,966)
Mr W J McFarlane
( 6,966)
( 6,966)
--------
-------
--------
( 13,932)
( 8,000)
( 21,932)
--------
-------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr T M Gardner
( 4,966)
( 2,000)
( 6,966)
Mr W J McFarlane
( 966)
( 6,000)
( 6,966)
-------
-------
--------
( 5,932)
( 8,000)
( 13,932)
-------
-------
--------