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REGISTERED NUMBER: 07306692 (England and Wales)















Bryter Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Bryter Limited (Registered number: 07306692)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bryter Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: B Gibbons
S Martin





REGISTERED OFFICE: 21-33 Great Eastern Street
London
EC2A 3EJ





REGISTERED NUMBER: 07306692 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Bryter Limited (Registered number: 07306692)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 29,068 39,717
Investments 5 74,621 74,621
103,689 114,338

CURRENT ASSETS
Debtors 6 1,397,118 953,231
Cash at bank 1,035,973 1,349,183
2,433,091 2,302,414
CREDITORS
Amounts falling due within one year 7 874,454 588,959
NET CURRENT ASSETS 1,558,637 1,713,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,662,326

1,827,793

PROVISIONS FOR LIABILITIES 8 7,267 9,929
NET ASSETS 1,655,059 1,817,864

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,654,059 1,816,864
SHAREHOLDERS' FUNDS 1,655,059 1,817,864

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 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.

Bryter Limited (Registered number: 07306692)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





B Gibbons - Director


Bryter Limited (Registered number: 07306692)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Bryter 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Bryter Limited (Registered number: 07306692)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include creditors, accruals, loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.


Bryter Limited (Registered number: 07306692)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 32 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 October 2023 959 2,424 64,375 81,081 148,839
Additions - - - 207 207
At 30 September 2024 959 2,424 64,375 81,288 149,046
DEPRECIATION
At 1 October 2023 959 2,424 42,546 63,193 109,122
Charge for year - - 3,274 7,582 10,856
At 30 September 2024 959 2,424 45,820 70,775 119,978
NET BOOK VALUE
At 30 September 2024 - - 18,555 10,513 29,068
At 30 September 2023 - - 21,829 17,888 39,717

Bryter Limited (Registered number: 07306692)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2023
and 30 September 2024 74,621
NET BOOK VALUE
At 30 September 2024 74,621
At 30 September 2023 74,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 720,769 568,476
Amounts recoverable on contract 623,451 291,050
Other debtors 21,600 35,147
Prepayments and accrued income 31,298 58,558
1,397,118 953,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 144,080 128,182
Amounts owed to group undertakings 62,502 55,354
Corporation tax 179,337 44,159
Social security and other taxes 81,023 64,169
VAT 72,508 99,176
Accruals and deferred income 335,004 197,919
874,454 588,959

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 7,267 9,929

Deferred tax
£
Balance at 1 October 2023 9,929
Credit to Statement of Income and Retained Earnings during year (2,662 )
Balance at 30 September 2024 7,267

Bryter Limited (Registered number: 07306692)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. RELATED PARTY DISCLOSURES

Included within creditors due within one year is £62,502 (2023: £55,354) due to Bryter Inc, a subsidiary company incorporated in the USA. This balance is unsecured, interest free and repayable on demand.

Costs of £108,032 (2023: £90,194) were recharged from Bryter Limited to Bryter Inc, and costs of £115,180 (2023: £116,196) were recharged from Bryter Inc to Bryter Limited.

10. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by the directors, who are also the shareholders.