Company Registration No. 07785377 (England and Wales)
Brit Fabrics Limited
Unaudited accounts
for the year ended 30 September 2024
Brit Fabrics Limited
Unaudited accounts
Contents
Brit Fabrics Limited
Company Information
for the year ended 30 September 2024
Company Number
07785377 (England and Wales)
Registered Office
33 Uplands road
Dudley
West Midlands
DY2 8BA
United Kingdom
Accountants
LINKTAX
11A Snow hill
Shelton
Stoke-on-Trent
Staffordshire
ST1 4LU
Brit Fabrics Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
827
2,038
Creditors: amounts falling due within one year
(7,269)
(13,339)
Net current assets
14,308
17,449
Total assets less current liabilities
14,308
17,449
Creditors: amounts falling due after more than one year
(7,989)
(13,314)
Called up share capital
2
2
Profit and loss account
6,317
4,133
Shareholders' funds
6,319
4,135
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2025 and were signed on its behalf by
Saqib Rafiq
Director
Company Registration No. 07785377
Brit Fabrics Limited
Notes to the Accounts
for the year ended 30 September 2024
Brit Fabrics Limited is a private company, limited by shares, registered in England and Wales, registration number 07785377. The registered office is 33 Uplands road, Dudley, West Midlands, DY2 8BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance method
Computer equipment
20% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Brit Fabrics Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,500
160
1,660
At 30 September 2024
1,500
160
1,660
At 1 October 2023
1,500
160
1,660
At 30 September 2024
1,500
160
1,660
At 30 September 2024
-
-
-
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,740
1,745
Loans from directors
2,743
10,615
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).