Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02008451 Mr Frans Thomsen Mr Jens Kristensen Mr Frans Thomsen Mr Frans Thomsen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02008451 2023-12-31 02008451 2024-12-31 02008451 2024-01-01 2024-12-31 02008451 frs-core:CurrentFinancialInstruments 2024-12-31 02008451 frs-core:ShareCapital 2024-12-31 02008451 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02008451 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02008451 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02008451 frs-bus:SmallEntities 2024-01-01 2024-12-31 02008451 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02008451 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02008451 1 2024-01-01 2024-12-31 02008451 frs-bus:Director1 2024-01-01 2024-12-31 02008451 frs-bus:Director2 2024-01-01 2024-12-31 02008451 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02008451 frs-countries:EnglandWales 2024-01-01 2024-12-31 02008451 2022-12-31 02008451 2023-12-31 02008451 2023-01-01 2023-12-31 02008451 frs-core:CurrentFinancialInstruments 2023-12-31 02008451 frs-core:ShareCapital 2023-12-31 02008451 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02008451
BR-TRADING UK LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 02008451
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 21,110 27,134
Debtors 5 156,581 122,056
Cash at bank and in hand 10,357 74,000
188,048 223,190
Creditors: Amounts Falling Due Within One Year 6 (35,813 ) (40,553 )
NET CURRENT ASSETS (LIABILITIES) 152,235 182,637
TOTAL ASSETS LESS CURRENT LIABILITIES 152,235 182,637
NET ASSETS 152,235 182,637
CAPITAL AND RESERVES
Called up share capital 7 3,200 3,200
Profit and Loss Account 149,035 179,437
SHAREHOLDERS' FUNDS 152,235 182,637
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Frans Thomsen
Director
12 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
BR-TRADING UK LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02008451 . The registered office is Eastnor, Vicarage Road, Crawley Down, RH10 4JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover represents amounts receivable for financial services.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Stocks
2024 2023
£ £
Work in progress 21,110 27,134
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,884 1,560
Other debtors 153,697 120,496
156,581 122,056
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 22,472 29,401
Other creditors 12,341 10,052
Accruals and deferred income 1,000 1,100
35,813 40,553
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,200 3,200
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 106,000 97,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Frans Thomsen by virtue of his ownership of 100% of the issued share capital in the company.
Page 3