Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr D Brient 12/03/2013 Mrs S Brient 12/03/2013 01 November 2024 no description of principal activity 08441220 2024-03-31 08441220 bus:Director1 2024-03-31 08441220 bus:Director2 2024-03-31 08441220 2023-03-31 08441220 core:CurrentFinancialInstruments 2024-03-31 08441220 core:CurrentFinancialInstruments 2023-03-31 08441220 core:Non-currentFinancialInstruments 2024-03-31 08441220 core:Non-currentFinancialInstruments 2023-03-31 08441220 core:ShareCapital 2024-03-31 08441220 core:ShareCapital 2023-03-31 08441220 core:RetainedEarningsAccumulatedLosses 2024-03-31 08441220 core:RetainedEarningsAccumulatedLosses 2023-03-31 08441220 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08441220 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08441220 core:PlantMachinery 2023-03-31 08441220 core:PlantMachinery 2024-03-31 08441220 core:WithinOneYear 2024-03-31 08441220 core:WithinOneYear 2023-03-31 08441220 core:BetweenOneFiveYears 2024-03-31 08441220 core:BetweenOneFiveYears 2023-03-31 08441220 2023-04-01 2024-03-31 08441220 bus:FilletedAccounts 2023-04-01 2024-03-31 08441220 bus:SmallEntities 2023-04-01 2024-03-31 08441220 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08441220 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08441220 bus:Director1 2023-04-01 2024-03-31 08441220 bus:Director2 2023-04-01 2024-03-31 08441220 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-04-01 2024-03-31 08441220 core:PlantMachinery 2023-04-01 2024-03-31 08441220 2022-04-01 2023-03-31 08441220 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 08441220 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 08441220 (England and Wales)

DAVID BRIENT UK LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

DAVID BRIENT UK LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

DAVID BRIENT UK LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
DAVID BRIENT UK LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 301 0
Tangible assets 4 5,991 4,802
6,292 4,802
Current assets
Stocks 10,457 4,434
Debtors 5 19,339 65,705
Cash at bank and in hand 73,764 67,229
103,560 137,368
Creditors: amounts falling due within one year 6 ( 39,813) ( 80,696)
Net current assets 63,747 56,672
Total assets less current liabilities 70,039 61,474
Creditors: amounts falling due after more than one year 7 ( 8,705) ( 13,757)
Net assets 61,334 47,717
Capital and reserves
Called-up share capital 200 200
Profit and loss account 61,134 47,517
Total shareholders' funds 61,334 47,717

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of David Brient UK Ltd (registered number: 08441220) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr D Brient
Director

01 November 2024

DAVID BRIENT UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
DAVID BRIENT UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

David Brient UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 80 Grove Lane, Holt, NR25 6ED, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliable measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sales of goods:
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probably that the Company will receive the considerations due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of the purchase.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 April 2023 0 0
Additions 320 320
At 31 March 2024 320 320
Accumulated amortisation
At 01 April 2023 0 0
Charge for the financial year 19 19
At 31 March 2024 19 19
Net book value
At 31 March 2024 301 301
At 31 March 2023 0 0

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2023 9,904 9,904
Additions 2,429 2,429
At 31 March 2024 12,333 12,333
Accumulated depreciation
At 01 April 2023 5,102 5,102
Charge for the financial year 1,240 1,240
At 31 March 2024 6,342 6,342
Net book value
At 31 March 2024 5,991 5,991
At 31 March 2023 4,802 4,802

5. Debtors

2024 2023
£ £
Trade debtors 10,048 61,644
Amounts owed by directors 5,195 0
Prepayments and accrued income 4,096 4,061
19,339 65,705

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,050 4,999
Trade creditors 2,635 4,752
Amounts owed to directors 0 1,195
Deferred income 4,220 41,577
Corporation tax 21,219 12,635
Other taxation and social security 6,689 15,538
39,813 80,696

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 8,705 13,757

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 7,455 0
between one and five years 13,045 0
20,500 0

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,000 (2023 - £20,000). There were no Contributions payable to the fund at the reporting date.

9. Related party transactions

Transactions with the entity's directors

At the year end, the Directors owed to the company £5,195 (2023 - were owed £1,195). This amount was repaid shortly after the year end.