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REGISTERED NUMBER: 01829340












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BERNLITE LIMITED

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BERNLITE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J Glazer
D Fuell
M Glazer
J Clifton





SECRETARY: D Fuell





REGISTERED OFFICE: Unit 2
The Eclipse Industrial Estate
20 Sandown Road
Watford,
HERTS.
WD24 7AE





REGISTERED NUMBER: 01829340





AUDITORS: Hillier Hopkins LLP
Chartered Accountants and
Statutory Auditor
Radius House, 51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 917,656 943,245
Investments 5 - 553,867
917,656 1,497,112

CURRENT ASSETS
Stocks 804,581 1,186,958
Debtors 6 632,767 724,015
Cash at bank 4,926,172 3,768,903
6,363,520 5,679,876
CREDITORS
Amounts falling due within one year 7 1,045,739 1,136,415
NET CURRENT ASSETS 5,317,781 4,543,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,235,437

6,040,573

CAPITAL AND RESERVES
Called up share capital 9 15,010 15,010
Share premium 5,000 5,000
Capital redemption reserve 10,000 10,000
Retained earnings 6,205,427 6,010,563
SHAREHOLDERS' FUNDS 6,235,437 6,040,573

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





D Fuell - Director


BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bernlite 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised when goods are despatched to customers and represents the invoiced value of such goods and any services provided, net of settlement discounts allowed, rebates payable to customers, and value added taxes.

Property rental income is recognised by reference to the period for which the tenants are invoiced and represents the value of rents receivable, excluding value added taxes.

Management charges receivable are recognised by reference to the period for which the charges relate and represents the value of the charges, excluding value added taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stock is stated at the lower of cost and estimated net realisable value. Cost is determined on a first­ in, first-out (FIFO) basis and includes the purchase price together with all other directly attributable costs to bring the inventory to its present location and condition. Due allowance is made for obsolete and slow moving items. Inventories are recognised as an expense in the period in which the related revenue is recognised.

Investments
Investments in listed company shares which have been classified as fixed asset investments are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period.

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 or deferred taxation assets and liabilities are not discounted.

Current tax is 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.


BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases.
Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 955,772 428,164 1,383,936
Additions - 37,664 37,664
Disposals - (29,915 ) (29,915 )
At 31 December 2023 955,772 435,913 1,391,685
DEPRECIATION
At 1 January 2023 142,320 298,371 440,691
Charge for year 11,860 44,633 56,493
Eliminated on disposal - (23,155 ) (23,155 )
At 31 December 2023 154,180 319,849 474,029
NET BOOK VALUE
At 31 December 2023 801,592 116,064 917,656
At 31 December 2022 813,452 129,793 943,245


BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 553,867
Disposals (553,867 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 553,867

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 572,498 672,170
Other debtors 60,269 51,845
632,767 724,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 205,671 242,365
Taxation and social security 194,898 197,369
Other creditors 645,170 696,681
1,045,739 1,136,415

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 30,099 46,108

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15,000 Ordinary A shares £1 15,000 15,000
10 Ordinary B shares £1 10 10
15,010 15,010

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Speller (Senior Statutory Auditor)
for and on behalf of Hillier Hopkins LLP