1 December 2022 false No description of principal activity Taxfiler 2024.5 05611609business:PrivateLimitedCompanyLtd2022-12-012023-11-30 056116092022-11-30 056116092022-12-012023-11-30 05611609business:AuditExemptWithAccountantsReport2022-12-012023-11-30 05611609business:FilletedAccounts2022-12-012023-11-30 056116092023-11-30 056116092022-11-30 05611609core:WithinOneYear2023-11-30 05611609core:WithinOneYear2022-11-30 05611609core:AfterOneYear2023-11-30 05611609core:AfterOneYear2022-11-30 05611609core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 05611609core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 05611609core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 05611609core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 05611609core:PreviouslyStatedAmount2023-11-30 05611609core:PreviouslyStatedAmount2022-11-30 05611609business:SmallEntities2022-12-012023-11-30 05611609business:Director12022-12-012023-11-30 05611609countries:EnglandWales2022-12-012023-11-30 05611609business:RegisteredOffice2022-12-012023-11-30 05611609core:PlantMachinery2022-12-012023-11-30 05611609core:FurnitureFittings2022-12-012023-11-30 05611609core:PlantMachinery2022-11-30 05611609core:ComputerEquipment2022-11-30 05611609core:ComputerEquipment2022-12-012023-11-30 05611609core:PlantMachinery2023-11-30 05611609core:ComputerEquipment2023-11-30 056116092021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 05611609 (England and Wales)
Brite Sparks Auto Electrical Limited Unaudited accounts for the year ended 30 November 2023
Brite Sparks Auto Electrical Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
124,959 
69,817 
Current assets
Inventories
4,277 
3,766 
Debtors
97,232 
83,399 
Cash at bank and in hand
44,172 
75,480 
145,681 
162,645 
Creditors: amounts falling due within one year
(83,484)
(78,335)
Net current assets
62,197 
84,310 
Total assets less current liabilities
187,156 
154,127 
Creditors: amounts falling due after more than one year
(9,970)
(15,500)
Provisions for liabilities
Deferred tax
(17,954)
(13,265)
Net assets
159,232 
125,362 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
159,132 
125,262 
Shareholders' funds
159,232 
125,362 
For the year ending 30 November 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 his 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 30 August 2024 and were signed on its behalf by
Mr P Saywell Director Company Registration No. 05611609
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Brite Sparks Auto Electrical Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Brite Sparks Auto Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 05611609. The registered office is 51 London Road, Sandy, Bedfordshire, SG19 1DZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Brite Sparks Auto Electrical Limited Notes to the Accounts for the year ended 30 November 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
212,258 
4,887 
217,145 
Additions
73,389 
- 
73,389 
At 30 November 2023
285,647 
4,887 
290,534 
Depreciation
At 1 December 2022
142,659 
4,669 
147,328 
Charge for the year
18,148 
99 
18,247 
At 30 November 2023
160,807 
4,768 
165,575 
Net book value
At 30 November 2023
124,840 
119 
124,959 
At 30 November 2022
69,599 
218 
69,817 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
95,361 
78,271 
Other debtors
1,871 
5,128 
97,232 
83,399 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
Trade creditors
21,415 
15,118 
Taxes and social security
26,048 
26,243 
Other creditors
30,021 
30,974 
83,484 
78,335 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,970 
15,500 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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