IRIS Accounts Production v24.2.0.383 08240630 director 1.1.23 31.12.23 31.12.23 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082406302022-12-31082406302023-12-31082406302023-01-012023-12-31082406302021-12-31082406302022-01-012022-12-31082406302022-12-3108240630ns15:EnglandWales2023-01-012023-12-3108240630ns14:PoundSterling2023-01-012023-12-3108240630ns10:Director12023-01-012023-12-3108240630ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108240630ns10:SmallEntities2023-01-012023-12-3108240630ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108240630ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108240630ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108240630ns10:FullAccounts2023-01-012023-12-310824063012023-01-012023-12-3108240630ns10:RegisteredOffice2023-01-012023-12-3108240630ns5:ShareCapital2023-12-3108240630ns5:ShareCapital2022-12-3108240630ns5:RetainedEarningsAccumulatedLosses2023-12-3108240630ns5:RetainedEarningsAccumulatedLosses2022-12-3108240630ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108240630ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3108240630ns5:IntangibleAssetsOtherThanGoodwill2022-12-3108240630ns5:IntangibleAssetsOtherThanGoodwill2023-12-3108240630ns5:IntangibleAssetsOtherThanGoodwill2022-12-3108240630ns5:ComputerEquipment2022-12-3108240630ns5:ComputerEquipment2023-01-012023-12-3108240630ns5:ComputerEquipment2023-12-3108240630ns5:ComputerEquipment2022-12-3108240630ns5:CurrentFinancialInstruments2023-12-3108240630ns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 08240630 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

BRIT SERVICES (TECHNOLOGY) LIMITED

BRIT SERVICES (TECHNOLOGY) LIMITED (Registered number: 08240630)






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


BRIT SERVICES (TECHNOLOGY) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Marcos Puccini





REGISTERED OFFICE: Ground Floor
1 Bakers Row
London
EC1R 3DB





REGISTERED NUMBER: 08240630 (England and Wales)





ACCOUNTANTS: Golder Baqa Limited
Ground Floor
1 Baker's Row
London
EC1R 3DB

BRIT SERVICES (TECHNOLOGY) LIMITED (Registered number: 08240630)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 303,516 303,516
Tangible assets 5 2,400 3,200
305,916 306,716

CURRENT ASSETS
Debtors 6 151,988 151,988
NET CURRENT ASSETS 151,988 151,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,904

458,704

PROVISIONS FOR LIABILITIES (1,081 ) (1,081 )

ACCRUALS AND DEFERRED INCOME (3,600 ) (2,700 )
NET ASSETS 453,223 454,923

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 453,222 454,922
SHAREHOLDERS' FUNDS 453,223 454,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 17 September 2024 and were signed by:



Mr Marcos Puccini - Director


BRIT SERVICES (TECHNOLOGY) LIMITED (Registered number: 08240630)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

BRIT SERVICES (TECHNOLOGY) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following rate in order to write off each asset over its estimated useful life.

Office equipment 25% on the reducing balance

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.

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.

BRIT SERVICES (TECHNOLOGY) LIMITED (Registered number: 08240630)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on pure and applied research are written off in the year of expenditure through the profit and loss account. Development costs are written off in the year of expenditure except in the following circumstances when it may be capitalised.

There is a clearly defined project, the related expenditure is separately identifiable, the outcome of such a project has been assessed with reasonable certainty as to its technical feasibility and its ultimate commercial viability considered in the light of factors such as likely market conditions, public opinion, consumer and environment legislation, the aggregate of the development cost and other related production, selling and administration costs is expected to be exceeded by future revenues and adequate resources exit and available to enable the project to be completed and to provide any consequential increases in working capital.

Development costs incurred for the production of licences software are capitalised once it is technically feasible for the base technology to be used ad part of a saleable product. On 31st December 2014 the director carried out an impairment review to re-appraise the development project and consider the resulting intangible fixed asset to have an estimated useful life of 3 years commencing from 1st January 2015. Any subsequent major additions are also considered to have an estimated useful life of 3 years.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 455,274
AMORTISATION
At 1 January 2023
and 31 December 2023 151,758
NET BOOK VALUE
At 31 December 2023 303,516
At 31 December 2022 303,516

BRIT SERVICES (TECHNOLOGY) LIMITED (Registered number: 08240630)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 January 2023
and 31 December 2023 49,642
DEPRECIATION
At 1 January 2023 46,442
Charge for year 800
At 31 December 2023 47,242
NET BOOK VALUE
At 31 December 2023 2,400
At 31 December 2022 3,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 151,988 151,988

7. RELATED PARTY TRANSACTIONS

At the balance sheet date, the company was owed an amount of £151,988 (2022: £151,988) by Britech Consultoria E Tecnologia, a UK branch of the parent company.

8. ULTIMATE CONTROLLING PARTY

Britech Consultoria E Technologia Ltda, a company in Brazil, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital.