Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
CONTENTS
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BRITA VIVREAU LIMITED
COMPANY INFORMATION
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BRITA VIVREAU LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The directors present their strategic report for the year ended 31 December 2023.
The results of the Company for the year, as set out on page 12, show a profit before tax for the year of £547,003 (2022: £420,683). Turnover was £15,495,916 (2022: £14,297,566).
In 2023 the Company enjoyed a strong improvement in performance with sales volumes increasing and turnover up by 8% compared to 2022. The improvement in turnover resulted from both the strategic focus of the business and also the continued UK economic recovery from the Covid pandemic. Sales in the Build channel increased, helped by additional resources focused on the channel as well as a wider economic improvement in the sector. Focus on the Reseller channel saw a recovery from the Covid downturn and onboarding of a number of new customers in 2023. A campaign to focus on expiring rental contracts saw an improvement in renewals and extensions. As well as changes in Sales focus, the company also embarked on strategic projects aimed at improving performance and margins in future years, namely the new Service Management Tool and creation of a Pre-Installation configuration facility. Gross Profit improved to £6,257,516 in 2023 (2022: £6,027,349) as a result of the turnover increase, with a small decrease in margin to margin to 40% (2022: 42%). The decrease in margin reflected increases in cost of goods, primarily from group companies, with higher price increases driven by the high inflation seen worldwide following supply-side challenges of the last couple of years. Overall the Company closed 2023 with Operating Profit £551,506 (2022: £426,297), +29% compared to 2022.
The Company finances its activities with the cash it generates. Other financial assets and liabilities, such as trade debtors and trade creditors, arise directly from the Company’s operations.
The majority of transactions in the Company are conducted in Sterling, however certain suppliers trade with the Company in Euros and US Dollars. The main financial risk to which the company is exposed is credit risk. The Company’s credit risk covers a wide spectrum, from large corporates to small independent businesses. The Company manages its cash in order to ensure that at any point the Company has sufficient liquid resources to meet the needs of the business. Standard credit control procedures are applied with regular checks on payment history and checks to ensure credit-worthiness using credit reference agencies. The Company has no third party borrowings and is able to borrow funds from its immediate parent company BRITA SE, which is willing and able to provide support. The Company understands its duty of care to secure and protect the Health & Safety of its employees and to reduce the environmental impact of its operations. The safety of our employees is paramount to our continued success and any shortfalls could carry significant reputational and legal risks. There are a number of businesses that provide products that are similar to those of the Company. The market and activities of other participants are regularly reviewed to ensure that the strategies and offerings of current and potential competitors are understood. Both qualitative and quantitative research is undertaken to ensure that our products continue to meet the needs of our customers whilst retaining a competitive position in the market with the mid-term goal to become the market leader in the premium water dispenser segment in the UK.
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BRITA VIVREAU LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Company monitors its progress by reference to a number of KPI’s, including:
Turnover 2023: £15,495,916 2022: £14,297,566 Change: 8% Gross margin 2023: 40% 2022: 42% Change: -2 ppt Operating profit 2023: £551,506 2022: £426,297 Change: 29% KPI’s are monitored at monthly management meetings and as part of the regular forecasting and planning activities as well as at the quarterly business reviews with the BRITA Group and the BRITA Regional Management EMEA. Principal activity The principal activity of the Company during the year continued to be that of the supply of water dispensing machines.
Employees
BRITA Group is a family-owned business and sees family values and the wellbeing of its employees as key to its future success. BRITA’s values of Thinking in Generations, Trust & Respect, Diversity, Result-orientation, Agility, Accountability and Personal Development are used to empower individuals and teams to deliver outstanding customer service, to both external and internal customers. We believe this is best achieved by an engaged and motivated workforce, working in a stimulating and challenging but supportive environment. The Chairman of the Group and UK Executive Boards, Markus Hankammer is a member of the family which owns BRITA Group and is also Group Chief Executive and actively engages with BRITA employees across the globe in this capacity. The other UK Board members are both employed in managerial capacities in the UK business and as such engage daily with UK members of staff, including those of BRITA Vivreau and its sister company BRITA Water Filter Systems Ltd. Once a year, a survey is undertaken to capture employee engagement amongst the UK workforce, probing areas such as feelings on leadership, management and communication, amongst others. In 2023 we started to use a new platform for our engagement survey, called Great Place to Work. The engagement score was 80% in 2023. We were also reassessed in 2023 for IIP and retained our silver accreditation. The Board feel that the Company puts a big effort into having an open dialogue with its employees as well as the support it provides to them through its range of employee benefits, ongoing leadership and management training programmes. We are confident that 2024 will continue to show a positive trend in employee engagement.
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BRITA VIVREAU LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Personal Development Plans and our focus on our High Performing Organisation programme help to address any issues or improvement areas raised through the Employee Survey. These are discussed at a Senior Management and departmental level and actions are identified and worked on for the following year. Communication with employees is aided by monthly whole business Info shares, departmental team meetings and one-to-ones. Issues can be raised with line managers or confidentially with HR or in accordance with the escalation policy laid out in the BRITA Group Code of Conduct.
BRITA Vivreau UK is part of the global “BRITA Vital” program, providing another forum through which employees can make their voice heard. This team generates ideas for the employee engagement program focusing on topics such as sustainability & wellbeing (incl. health) events and charitable activities that support the wider community and the environment. This is in line with our BRITA 2025 Strategy (“Shaping Sustainable Solutions”), which has sustainability as the focus for the BRITA Group development of the next years. Taken together these enable a healthy dialogue between the Board, senior management and the wider work force, where matters can be raised, and concerns addressed. Customers and Consumers BRITA has always sought to form partnerships with its customers and work in collaboration sharing knowledge and expertise to change the way we drink water sustainably. BRITA Vivreau supplies water dispensing machines to a number of sectors, including HORECA, Corporate, Education, Healthcare and Resellers. The sales teamwork with their customers to understand the customer and their business strategies and align the right products and services to achieve the customers objectives and fulfil their needs. Working with the marketing team, the sales team keep up to date with key insights and trends in the market to ensure they are recognised as strategic partners with our customers. Detailed reporting of the sales we make to our customers is available to Senior Management. Wider Community and the environment As a business we deal with water for personal consumption and as such sustainability and environmental protection is central to our core beliefs. Many of our employees live locally to our office in Uxbridge or the warehouse in Barnsley and we work to a more flexible hybrid working model now that the pandemic has proven us that we can work this way effectively. Our engineering team travel to and from the various sites they work on, and we are trying to be more environmentally aware by walking where possible in London, and switching to hybrid vehicles where possible. BRITA encourages employees to vote for and support charities of their choice. At the moment these are Michael Sobell Hospice and Tiny Hearts Barnsley (local charities). Employees find ingenious ways to raise funds through sponsored and other events as well as being supported by company donations. Suppliers The major supplier to BRITA Vivreau is its immediate parent company BRITA SE which is also responsible for maintaining the most important third-party supplier relationships for the Group as a whole. Through and with BRITA Group we work to ensure products are ethically sourced and manufactured and that suppliers are treated fairly.
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BRITA VIVREAU LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
This report was approved by the board and signed on its behalf.
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BRITA VIVREAU LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
The profit for the year, after taxation, amounted to £312,565 (2022 - £360,223).
No dividends were declared or paid in the financial year (2022: £10,500,000).
The directors who served during the year were:
The Company will continue to focus on profitable growth in its current market through acquiring new customers and enhancing cooperation with its existing customer base while at the same time exploring new customer sectors. This is supported by our new internal product range, providing excellent product quality combined with top in class customer service.
There have been no significant events affecting the Company since the year end.
The auditor, Blick Rothenberg Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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BRITA VIVREAU LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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BRITA VIVREAU LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023
We have audited the financial statements of BRITA Vivreau Limited (the 'Company') for the year ended 31 December 2023, which comprise the profit and loss account, the balance sheet, the statement of cash flows, the statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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BRITA VIVREAU LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
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BRITA VIVREAU LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the water dispensing machine sector;
∙we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental (including Alcumus SafeContractor accreditation) and health and safety legislation;
∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
∙identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships;
∙tested a sample of journal entries to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙reading the minutes of meetings of those charged with governance;
∙enquiring of management as to actual and potential litigation and claims; and
∙reviewing correspondence with HMRC.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
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BRITA VIVREAU LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
16 Great Queen Street
Covent Garden
WC2B 5AH
Date:
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BRITA VIVREAU LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 32 form part of these financial statements.
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BRITA VIVREAU LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
BRITA Vivreau Limited is a private company limited by shares and registered in England and Wales. The Company's registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH and the Company's principal place of business is First Floor, Beaufort House, Cricketfield Road, Uxbridge, Middlesex, UB8 1QG.
The financial statements are presented in Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company relies on its ultimate parent company, BRITA SE, for product supply. In view of this, the Directors have confirmed that BRITA SE intends to supply products to the Company for a period of at least 12 months from the date of the approval of these financial statements. After considering these factors, including the financial and operational ability of the company to continue as a going concern, the directors have reasonable expectation that the Company has adequate resources to continue its operational existence for the foreseeable future.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: Equipment rental revenue is recognised on a straight line basis over the period of each rental contract, commencing on the date of installation. The directors consider these to be operating leases. Revenue from annual service contracts is recognised on a straight line basis over the period of each contract, commencing from the date of installation.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management being the labour costs of installation and freight.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Ordinary shares are classified as equity.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
The Company’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Stock provisioning The carrying value of stock, at the lower of cost and net realisable value, is dependent on key judgements and estimates that are made by management. The judgements relating to stock include an estimation of future demand for products and expected average sales prices. These judgements also include consideration of specific factors and the development and availability of other stock lines in the market. Actual outcomes could be different to the assumptions used in determining the estimates. Estimated useful life of tangible fixed assets At the date of capitalising tangible fixed assets, the Company estimates the useful economic life of the asset based on management’s judgement and experience. Due to the significance of the capital investment to the Company, variance between actual and estimated useful economic lives could impact results both positively and negatively. Recoverability of the deferred tax asset The Company has recognised a deferred tax asset as disclosed in note 19 to the financial statements. The directors have assessed that this asset will be recoverable based on the cashflow forecasts and budgets for future periods.
Analysis of turnover by country of destination:
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
There were no factors that may affect future tax charges.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Share premium account
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £265,054 (2022: £161,616). Contributions totalling £40,794 (2022: £11,274) were payable to the fund at the balance sheet date and are included in creditors.
Included within purchase of tangible fixed assets is plant and machinery of £2,171,000 (2022: £1,215,000) relating to self-constructed assets reallocated from stock.
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BRITA VIVREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
The ultimate controlling party of BRITA Vivreau Limited during the current and preceding year was BRITA SE by virtue of its 100% shareholding.
The controlling party of BRITA SE during the current and preceding year was Hanvest Holding GmbH, a company incorporated in Germany.
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