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Company No: 10168153 (England and Wales)

BRIQ TECHNOLOGY LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

BRIQ TECHNOLOGY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

BRIQ TECHNOLOGY LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
BRIQ TECHNOLOGY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS T Gresford
J Thompson
REGISTERED OFFICE 2 Communications Road
Greenham Business Park
Newbury
RG19 6AB
United Kingdom
COMPANY NUMBER 10168153 (England and Wales)
ACCOUNTANT S&W Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
BRIQ TECHNOLOGY LIMITED

BALANCE SHEET

As at 31 May 2024
BRIQ TECHNOLOGY LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Current assets
Debtors 3 503 503
Cash at bank and in hand 4 438 142
941 645
Creditors: amounts falling due within one year 5 ( 43,773) ( 39,439)
Net current liabilities (42,832) (38,794)
Total assets less current liabilities (42,832) (38,794)
Net liabilities ( 42,832) ( 38,794)
Capital and reserves
Called-up share capital 6 923 923
Share premium account 249,600 249,600
Profit and loss account ( 293,355 ) ( 289,317 )
Total shareholders' deficit ( 42,832) ( 38,794)

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.

Directors' responsibilities:

The financial statements of Briq Technology Limited (registered number: 10168153) were approved and authorised for issue by the Board of Directors on 20 May 2025. They were signed on its behalf by:

T Gresford
Director
BRIQ TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
BRIQ TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

Briq Technology 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 2 Communications Road, Greenham Business Park, Newbury, RG19 6AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Briq Technology Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net liabilities of £42,832. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Based on this ongoing financial support, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Other debtors 503 503

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 438 142

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 744 0
Other creditors 43,029 39,439
43,773 39,439

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
92,308 Ordinary shares of £ 0.01 each 923 923