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REGISTERED NUMBER: 03448214 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BRITE SERVICES LIMITED

BRITE SERVICES LIMITED (REGISTERED NUMBER: 03448214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRITE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr M A Wilcox





SECRETARY: Mrs A H Wilcox





REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND





REGISTERED NUMBER: 03448214 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

BRITE SERVICES LIMITED (REGISTERED NUMBER: 03448214)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,910 31,719

CURRENT ASSETS
Debtors 5 802,700 629,142
Cash at bank 283,048 577,238
1,085,748 1,206,380
CREDITORS
Amounts falling due within one year 6 415,683 506,168
NET CURRENT ASSETS 670,065 700,212
TOTAL ASSETS LESS CURRENT LIABILITIES 710,975 731,931

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 710,875 731,831
SHAREHOLDERS' FUNDS 710,975 731,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





Mr M A Wilcox - Director


BRITE SERVICES LIMITED (REGISTERED NUMBER: 03448214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Brite Services 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 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 240 (2023 - 240 ) .

BRITE SERVICES LIMITED (REGISTERED NUMBER: 03448214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 9,998 29,500 63,937 103,435
Additions 928 41,000 3,739 45,667
Disposals - (29,500 ) - (29,500 )
At 30 September 2024 10,926 41,000 67,676 119,602
DEPRECIATION
At 1 October 2023 5,928 7,375 58,413 71,716
Charge for year 1,249 10,250 2,852 14,351
Eliminated on disposal - (7,375 ) - (7,375 )
At 30 September 2024 7,177 10,250 61,265 78,692
NET BOOK VALUE
At 30 September 2024 3,749 30,750 6,411 40,910
At 30 September 2023 4,070 22,125 5,524 31,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 285,209 108,085
Amounts owed by associates 3,977 7,977
Other debtors 50,138 281,929
Directors' current accounts 343,499 191,057
Tax 115,932 37,482
Prepayments 3,945 2,612
802,700 629,142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 845 1,719
Tax 55,821 56,707
Social security and other taxes 70,374 108,049
VAT 140,129 161,788
Other creditors 35,924 49,795
Pensions liability 10,234 10,642
Accrued expenses 102,356 117,468
415,683 506,168

BRITE SERVICES LIMITED (REGISTERED NUMBER: 03448214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

2024 2023
£    £   
Mr M A Wilcox
Balance outstanding at start of year 191,057 (3,392 )
Amounts advanced 342,014 249,658
Amounts repaid (189,572 ) (55,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 343,499 191,057

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,253 (2023 - £15,000) were paid to the director .