Britten (UK) Limited 06236908 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is manufacture and retail of wedding accessories for brides Digita Accounts Production Advanced 6.30.9574.0 true true 06236908 2023-06-01 2024-05-31 06236908 2024-05-31 06236908 bus:Director1 1 2024-05-31 06236908 bus:Director1 2 2024-05-31 06236908 bus:OrdinaryShareClass1 2024-05-31 06236908 core:CurrentFinancialInstruments 2024-05-31 06236908 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 06236908 core:Non-currentFinancialInstruments 2024-05-31 06236908 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 06236908 core:FurnitureFittingsToolsEquipment 2024-05-31 06236908 core:OtherPropertyPlantEquipment 2024-05-31 06236908 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-05-31 06236908 bus:SmallEntities 2023-06-01 2024-05-31 06236908 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06236908 bus:FilletedAccounts 2023-06-01 2024-05-31 06236908 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06236908 bus:RegisteredOffice 2023-06-01 2024-05-31 06236908 bus:CompanySecretary1 2023-06-01 2024-05-31 06236908 bus:Director1 2023-06-01 2024-05-31 06236908 bus:Director1 1 2023-06-01 2024-05-31 06236908 bus:Director1 2 2023-06-01 2024-05-31 06236908 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 06236908 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06236908 core:ComputerEquipment 2023-06-01 2024-05-31 06236908 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 06236908 core:OfficeEquipment 2023-06-01 2024-05-31 06236908 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 06236908 core:PlantMachinery 2023-06-01 2024-05-31 06236908 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-06-01 2024-05-31 06236908 countries:England 2023-06-01 2024-05-31 06236908 2023-05-31 06236908 bus:Director1 1 2023-05-31 06236908 bus:Director1 2 2023-05-31 06236908 core:FurnitureFittingsToolsEquipment 2023-05-31 06236908 core:OtherPropertyPlantEquipment 2023-05-31 06236908 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-05-31 06236908 2022-06-01 2023-05-31 06236908 2023-05-31 06236908 bus:Director1 1 2023-05-31 06236908 bus:OrdinaryShareClass1 2023-05-31 06236908 core:CurrentFinancialInstruments 2023-05-31 06236908 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06236908 core:Non-currentFinancialInstruments 2023-05-31 06236908 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 06236908 core:FurnitureFittingsToolsEquipment 2023-05-31 06236908 core:OtherPropertyPlantEquipment 2023-05-31 06236908 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-05-31 06236908 bus:Director1 1 2022-06-01 2023-05-31 06236908 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-06-01 2023-05-31 06236908 2022-05-31 06236908 bus:Director1 1 2022-05-31 06236908 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06236908

Britten (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Britten (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 10

 

Britten (UK) Limited

Company Information

Director

Mrs Sarah Bates

Company secretary

Mr Samuel Bates

Registered office

34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

Accountants

BJP Finance Ltd
Chartered Accountants
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

 

Britten (UK) Limited

(Registration number: 06236908)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,053

1,460

Current assets

 

Stocks

5

10,000

34,500

Debtors

6

18,817

66,338

Cash at bank and in hand

 

2,711

1,326

 

31,528

102,164

Creditors: Amounts falling due within one year

7

(22,799)

(89,109)

Net current assets

 

8,729

13,055

Total assets less current liabilities

 

9,782

14,515

Creditors: Amounts falling due after more than one year

7

(13,400)

(26,800)

Provisions for liabilities

(200)

(277)

Net liabilities

 

(3,818)

(12,562)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(3,918)

(12,662)

Shareholders' deficit

 

(3,818)

(12,562)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 February 2025
 

 

Britten (UK) Limited

(Registration number: 06236908)
Balance Sheet as at 31 May 2024

.........................................
Mrs Sarah Bates
Director

 

Britten (UK) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL
England

These financial statements were authorised for issue by the director on 18 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Britten (UK) Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

50% straight line

Office Equipment

25% straight line

Plant & Machinery

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Britten (UK) Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 5).

 

Britten (UK) Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

6,552

1,040

7,592

At 31 May 2024

6,552

1,040

7,592

Depreciation

At 1 June 2023

6,035

97

6,132

Charge for the year

303

104

407

At 31 May 2024

6,338

201

6,539

Carrying amount

At 31 May 2024

214

839

1,053

At 31 May 2023

517

943

1,460

5

Stocks

2024
£

2023
£

Other inventories

10,000

34,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

98

Other debtors

18,817

66,240

 

18,817

66,338

 

Britten (UK) Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

16,389

79,568

Trade creditors

 

252

1,115

Taxation and social security

 

4,709

6,821

Accruals and deferred income

 

1,449

1,605

 

22,799

89,109

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

13,400

26,800

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,400

26,800

Current loans and borrowings

2024
£

2023
£

Bank borrowings

13,400

13,400

Other borrowings

2,989

66,168

16,389

79,568

 

Britten (UK) Limited

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

10

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

Mrs Sarah Bates

Directors Loan Account

48,140

14,826

(64,034)

(1,068)

-

-

-

-

48,140

14,826

(64,034)

(1,068)

2023

At 1 June 2022
£

Advances to director
£

Repayments by director
£

At 31 May 2023
£

Mrs Sarah Bates

Directors Loan Account

45,208

23,086

(20,154)

48,140

45,208

23,086

(20,154)

48,140

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

11,394

12,569

 

Britten (UK) Limited

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

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

66,168

66,168

Advanced

45,560

45,560

Repaid

(109,807)

(109,807)

At end of period

1,921

1,921

2023

Entities with joint control or significant influence
£

Total
£

At start of period

28,635

28,635

Advanced

73,868

73,868

Repaid

(36,335)

(36,335)

At end of period

66,168

66,168

Terms of loans from related parties

During the financial period, Blake & Bull Ltd a Company under the common control of the sole Director Mrs Sarah Bates and her spouse provided net loans to Britten (UK) Ltd. At the balance sheet date, £1,921 (2023: £66,168) remained outstanding. These loans carry no interest and are repayable on demand.

During the accounting period, the Company received invoices from Blake & Bull Limited a company under the common control of the sole Director Mrs Sarah Bates and her spouse of £NIL for cost of product related spend (2023: £135). The Company separately invoiced Blake & Bull Limited for £41,623 (2023: £1,787) for creative services and finished good sales.