Registered number
11256914
Briteson Limited
Filleted Accounts
31 December 2023
Briteson Limited
Registered number: 11256914
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 269,606 44,720
Cash at bank and in hand - 632
269,606 45,352
Creditors: amounts falling due within one year 4 (268,265) (133,963)
Net current assets/(liabilities) 1,341 (88,611)
Net assets/(liabilities) 1,341 (88,611)
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,340 (88,612)
Shareholder's funds 1,341 (88,611)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J M Kendrick
Director
Approved on 20 September 2024
Briteson Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 -
3 Debtors 2023 2022
£ £
Other debtors 269,606 44,720
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,685 56,599
Other taxes and social security costs 266,580 -
Other creditors - 77,364
268,265 133,963
5 Related party transactions
Included within Other debtors is an amount of £269,606 due to the company from ROKiT Control Inc., a company registered in the United States of America.
6 Controlling party
The company's ultimate parent company is ROKiT Launch Limited, a company registered in Ireland, whose registered address is 6 Heytesbury Court, Pembroke Lane, Dublin 4, Ireland.
7 Other information
Briteson Limited is a private company limited by shares and incorporated in England. Its registered office is:
ROKiT House
Kingswood Business Park
Holyhead Road
Albrighton
Staffordshire
WV7 3AU
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