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REGISTERED NUMBER: 08210230 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

BRELTO OPTICAL LIMITED

BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRELTO OPTICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: S A Halpin
L H Halpin



REGISTERED OFFICE: 35 Wynnstay Lane
Marford
Wrexham
LL12 8LF



REGISTERED NUMBER: 08210230 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: National Westminster Bank plc
Northwich branch
The Bull Ring
Northwich
Cheshire
CW9 5BN

BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,500 40,500
Tangible assets 5 156,491 152,382
187,991 192,882

CURRENT ASSETS
Stocks 6 26,253 26,956
Debtors 7 127,031 138,216
Cash at bank and in hand 266,521 208,552
419,805 373,724
CREDITORS
Amounts falling due within one year 8 86,689 92,960
NET CURRENT ASSETS 333,116 280,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,107

473,646

CREDITORS
Amounts falling due after more than one
year

9

(76,034

)

(58,173

)

PROVISIONS FOR LIABILITIES 11 (38,919 ) (37,600 )
NET ASSETS 406,154 377,873

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 406,054 377,773
SHAREHOLDERS' FUNDS 406,154 377,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th June 2025 and were signed on its behalf by:





S A Halpin - Director


BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Brelto Optical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.


BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 90,000
AMORTISATION
At 1st October 2023 49,500
Charge for year 9,000
At 30th September 2024 58,500
NET BOOK VALUE
At 30th September 2024 31,500
At 30th September 2023 40,500

BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 32,859 261,689 121,825 28,216 444,589
Additions 7,802 7,357 88,218 2,295 105,672
Disposals - - (50,852 ) - (50,852 )
At 30th September 2024 40,661 269,046 159,191 30,511 499,409
DEPRECIATION
At 1st October 2023 26,795 192,558 50,761 22,093 292,207
Charge for year 2,115 34,181 31,838 3,765 71,899
Eliminated on disposal - - (21,188 ) - (21,188 )
At 30th September 2024 28,910 226,739 61,411 25,858 342,918
NET BOOK VALUE
At 30th September 2024 11,751 42,307 97,780 4,653 156,491
At 30th September 2023 6,064 69,131 71,064 6,123 152,382

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st October 2023 16,194 121,825 138,019
Additions - 88,218 88,218
Disposals - (50,852 ) (50,852 )
At 30th September 2024 16,194 159,191 175,385
DEPRECIATION
At 1st October 2023 16,194 50,761 66,955
Charge for year - 31,838 31,838
Eliminated on disposal - (21,188 ) (21,188 )
At 30th September 2024 16,194 61,411 77,605
NET BOOK VALUE
At 30th September 2024 - 97,780 97,780
At 30th September 2023 - 71,064 71,064

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 23,500 23,500
Work-in-progress 2,753 3,456
26,253 26,956

BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 24,974 27,820
Directors' current accounts 99,301 104,280
VAT 1,192 4,583
Prepayments 1,564 1,533
127,031 138,216

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 16,086 14,443
Trade creditors 43,307 31,550
Tax 21,740 42,040
Social security and other taxes 1,687 1,614
Accrued expenses 3,869 3,313
86,689 92,960

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 76,034 58,173

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 92,120 72,616

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 38,919 37,600

Deferred
tax
£   
Balance at 1st October 2023 37,600
Movement in the year due to:
changes in rate
changes in tax allowances 1,319
Balance at 30th September 2024 38,919

BRELTO OPTICAL LIMITED (REGISTERED NUMBER: 08210230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

13. CAPITAL COMMITMENTS
30.9.24 30.9.23
£    £   
Contracted but not provided for in the
financial statements - -

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
S A Halpin and L H Halpin
Balance outstanding at start of year 104,280 73,954
Amounts advanced 65,021 104,280
Amounts repaid (70,000 ) (73,954 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,301 104,280

Interest was charged on the loan at the official rate, and amounted to £2,146(2023: £2,066).

15. RELATED PARTY DISCLOSURES

During the year the company paid rent to the directors in the sum of £24,000 (2023: £12,000).