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REGISTERED NUMBER: SC555418 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Brifi Limited

Brifi Limited (Registered number: SC555418)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brifi Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: B McDougall
Mrs F A McDougall





SECRETARY: B McDougall





REGISTERED OFFICE: 14 Park Crescent
Inchinnan
Renfrewshire
PA4 9PW





REGISTERED NUMBER: SC555418 (Scotland)





ACCOUNTANTS: Armstrongs Accounting Services Limited
7 Dunvegan Drive
Newton Mearns
Glasgow
G77 5EB

Brifi Limited (Registered number: SC555418)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 458,529 351,522

CURRENT ASSETS
Cash at bank 138,098 249,639

CREDITORS
Amounts falling due within one year 5 504,663 495,205
NET CURRENT LIABILITIES (366,565 ) (245,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,964

105,956

PROVISIONS FOR LIABILITIES 274 330
NET ASSETS 91,690 105,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,590 105,526
SHAREHOLDERS' FUNDS 91,690 105,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





B McDougall - Director


Brifi Limited (Registered number: SC555418)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Brifi Limited is a private company, limited by shares , registered in Scotland. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Brifi Limited (Registered number: SC555418)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 349,787 5,740 355,527
Additions 107,352 - 107,352
At 31 January 2024 457,139 5,740 462,879
DEPRECIATION
At 1 February 2023 - 4,005 4,005
Charge for year - 345 345
At 31 January 2024 - 4,350 4,350
NET BOOK VALUE
At 31 January 2024 457,139 1,390 458,529
At 31 January 2023 349,787 1,735 351,522

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 3,836 18,992
Other creditors 500,827 476,213
504,663 495,205

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, Mr Brain McDougall and Mrs Fiona McDougall, have advanced funds to the company on an interest free basis and without formal repayment terms. The amount owed at 31 January 2024 is £472,722 (2023 £448,168).

The directors are also directors and shareholders of McDougall Property Limited. Loan funds have been received from McDougall Property Limited. These advances are interest free and have no formal repayment terms. At 31st January 2024 the amount owed to McDougall Property Limited was £25,000 (2023 - £45,000).

7. ULTIMATE CONTROLLING PARTY

The Directors Mr Brian McDougall and Mrs Fiona McDougall own 100% of the issued share capital and on that basis they are the ultimate controlling parties.