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REGISTERED NUMBER: 06872297 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Brittain Abrasives Limited

Brittain Abrasives Limited (Registered number: 06872297)






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


Brittain Abrasives Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A Brittain





REGISTERED OFFICE: Unit 2
Sheffield Road
Chesterfield
Derbyshire
S41 8NQ





REGISTERED NUMBER: 06872297 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Brittain Abrasives Limited (Registered number: 06872297)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 12,500 15,000
Tangible assets 5 3,981 4,084
16,481 19,084

CURRENT ASSETS
Stocks 81,375 80,286
Debtors 6 137,926 134,312
Cash at bank 18 18
219,319 214,616
CREDITORS
Amounts falling due within one year 7 (111,157 ) (116,258 )
NET CURRENT ASSETS 108,162 98,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,643

117,442

CREDITORS
Amounts falling due after more than one
year

8

(109,370

)

(109,370

)
NET ASSETS 15,273 8,072

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 15,270 8,069
SHAREHOLDERS' FUNDS 15,273 8,072

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 director acknowledges his 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.

Brittain Abrasives Limited (Registered number: 06872297)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





A Brittain - Director


Brittain Abrasives Limited (Registered number: 06872297)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Brittain Abrasives 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.

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 represented by the net invoice of supplies of abrasive products to industry.

Goodwill
Goodwill, being the amount on transfer of the business from the Partnership, is being amortised evenly over it's estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Brittain Abrasives Limited (Registered number: 06872297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 50,000
AMORTISATION
At 1 October 2023 35,000
Charge for year 2,500
At 30 September 2024 37,500
NET BOOK VALUE
At 30 September 2024 12,500
At 30 September 2023 15,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 3,671 417 3,528 7,616
DEPRECIATION
At 1 October 2023 - 393 3,139 3,532
Charge for year - 6 97 103
At 30 September 2024 - 399 3,236 3,635
NET BOOK VALUE
At 30 September 2024 3,671 18 292 3,981
At 30 September 2023 3,671 24 389 4,084

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 137,926 134,312

Brittain Abrasives Limited (Registered number: 06872297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,487 26,476
Trade creditors 90,336 84,284
Tax 1,859 15
Social security and other taxes 1,059 1,220
VAT 5,816 1,663
Other creditors 700 700
Accrued expenses 1,900 1,900
111,157 116,258

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 10,000 10,000
Directors' loan accounts 99,370 99,370
109,370 109,370

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
3 Ordinary £1 3 3

10. RESERVES
Retained
earnings
£   

At 1 October 2023 8,069
Profit for the year 7,201
At 30 September 2024 15,270

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Brittain.

The ultimate controlling party is A Brittain.