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REGISTERED NUMBER: 06798285 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

NU BRITE LIMITED

NU BRITE LIMITED (REGISTERED NUMBER: 06798285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NU BRITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2024







DIRECTORS: Mr D Owen
Mrs L Greenhalgh





REGISTERED OFFICE: Unit 17 Business Innovation Centre
Staffordshire Business Park
Stafford
Staffordshire
ST18 0AR





REGISTERED NUMBER: 06798285 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

NU BRITE LIMITED (REGISTERED NUMBER: 06798285)

BALANCE SHEET
29 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,281 196,598
Investments 5 873,842 859,796
1,098,123 1,056,394

CURRENT ASSETS
Debtors 6 1,834,946 1,614,379
Cash at bank 303,104 368,890
2,138,050 1,983,269
CREDITORS
Amounts falling due within one year 7 620,164 641,309
NET CURRENT ASSETS 1,517,886 1,341,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,616,009

2,398,354

PROVISIONS FOR LIABILITIES 47,731 40,401
NET ASSETS 2,568,278 2,357,953

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 33,171 (69,660 )
Retained earnings 2,535,007 2,427,513
SHAREHOLDERS' FUNDS 2,568,278 2,357,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NU BRITE LIMITED (REGISTERED NUMBER: 06798285)

BALANCE SHEET - continued
29 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr D Owen - Director


NU BRITE LIMITED (REGISTERED NUMBER: 06798285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

1. STATUTORY INFORMATION

Nu Brite 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES

The average number of employees during the year was 72 (2023 - 74 ) .

NU BRITE LIMITED (REGISTERED NUMBER: 06798285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 30 September 2023 - 20,768 29,465
Additions 53,206 - 910
At 29 September 2024 53,206 20,768 30,375
DEPRECIATION
At 30 September 2023 - 14,194 14,492
Charge for year - 1,645 2,349
At 29 September 2024 - 15,839 16,841
NET BOOK VALUE
At 29 September 2024 53,206 4,929 13,534
At 29 September 2023 - 6,574 14,973

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 September 2023 258,290 36,684 345,207
Additions 22,161 7,599 83,876
At 29 September 2024 280,451 44,283 429,083
DEPRECIATION
At 30 September 2023 92,734 27,189 148,609
Charge for year 46,216 5,983 56,193
At 29 September 2024 138,950 33,172 204,802
NET BOOK VALUE
At 29 September 2024 141,501 11,111 224,281
At 29 September 2023 165,556 9,495 196,598

NU BRITE LIMITED (REGISTERED NUMBER: 06798285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 30 September 2023 859,696 100 859,796
Additions 21,215 - 21,215
Disposals (110,000 ) - (110,000 )
Revaluations 102,831 - 102,831
At 29 September 2024 873,742 100 873,842
NET BOOK VALUE
At 29 September 2024 873,742 100 873,842
At 29 September 2023 859,696 100 859,796

Cost or valuation at 29 September 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2020 369,468 100 369,568
Valuation in 2021 385,265 - 385,265
Valuation in 2022 (61,849 ) - (61,849 )
Valuation in 2023 166,812 - 166,812
Valuation in 2024 14,046 - 14,046
873,742 100 873,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 419,971 387,047
Other debtors 1,414,975 1,227,332
1,834,946 1,614,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72,011 50,145
Amounts owed to group undertakings 303,000 303,000
Taxation and social security 169,090 198,665
Other creditors 76,063 89,499
620,164 641,309

NU BRITE LIMITED (REGISTERED NUMBER: 06798285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary A £1 90 90
5 Ordinary B £1 5 5
5 Ordinary C £1 5 5
100 100

9. RESERVES
Revaluation
reserve
£   
At 30 September 2023 (69,660 )
Revaluation reserve 102,831

At 29 September 2024 33,171

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £748,695 (2023: £607,648) due to the company from the directors.