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Company No: 03013316 (England and Wales)

BRITTECH CONTROLS EUROPE LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BRITTECH CONTROLS EUROPE LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BRITTECH CONTROLS EUROPE LIMITED

BALANCE SHEET

As at 30 June 2024
BRITTECH CONTROLS EUROPE LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 319,000 319,000
319,000 319,000
Current assets
Debtors 5 13,123 13,008
Cash at bank and in hand 945 945
14,068 13,953
Creditors: amounts falling due within one year 6 ( 88,264) ( 87,557)
Net current liabilities (74,196) (73,604)
Total assets less current liabilities 244,804 245,396
Net assets 244,804 245,396
Capital and reserves
Called-up share capital 7 10 10
Share premium account 24,998 24,998
Revaluation reserve 318,903 318,903
Profit and loss account ( 99,107 ) ( 98,515 )
Total shareholders' funds 244,804 245,396

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Brittech Controls Europe Limited (registered number: 03013316) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Mr P J Jennings
Director
BRITTECH CONTROLS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BRITTECH CONTROLS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

Brittech Controls Europe Limited (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 Francis Clark Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal trading address is Bickleigh Vale Barn, Hatshill Farm Close, Bickleigh, PL6 7JX.

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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

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.

Plant and machinery not depreciated

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 July 2023 15,000 15,000
At 30 June 2024 15,000 15,000
Accumulated amortisation
At 01 July 2023 15,000 15,000
At 30 June 2024 15,000 15,000
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 July 2023 319,000 319,000
At 30 June 2024 319,000 319,000
Accumulated depreciation
At 01 July 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 319,000 319,000
At 30 June 2023 319,000 319,000

5. Debtors

2024 2023
£ £
Prepayments 13,008 13,008
VAT recoverable 115 0
13,123 13,008

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 360 360
Amounts owed to director 77,356 77,356
Accruals 575 575
Other creditors 9,973 9,266
88,264 87,557

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10