Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11653314 Mr Dario Giuliani Miss Lisa With Mr David Saunders D Giuliani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11653314 2023-10-31 11653314 2024-10-31 11653314 2023-11-01 2024-10-31 11653314 frs-core:CurrentFinancialInstruments 2024-10-31 11653314 frs-core:ComputerEquipment 2024-10-31 11653314 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11653314 frs-core:ComputerEquipment 2023-10-31 11653314 frs-core:ShareCapital 2024-10-31 11653314 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11653314 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11653314 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11653314 frs-bus:SmallEntities 2023-11-01 2024-10-31 11653314 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11653314 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11653314 1 2023-11-01 2024-10-31 11653314 frs-core:CostValuation 2023-10-31 11653314 frs-core:AdditionsToInvestments 2024-10-31 11653314 frs-core:CostValuation 2024-10-31 11653314 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 11653314 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 11653314 frs-bus:Director1 2023-11-01 2024-10-31 11653314 frs-bus:Director1 2023-10-31 11653314 frs-bus:Director1 2024-10-31 11653314 frs-bus:Director2 2023-11-01 2024-10-31 11653314 frs-bus:Director3 2023-11-01 2024-10-31 11653314 frs-countries:EnglandWales 2023-11-01 2024-10-31 11653314 2022-10-31 11653314 2023-10-31 11653314 2022-11-01 2023-10-31 11653314 frs-core:CurrentFinancialInstruments 2023-10-31 11653314 frs-core:ShareCapital 2023-10-31 11653314 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11653314
Briter Bridges Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11653314
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,355 4,613
Investments 5 670 -
3,025 4,613
CURRENT ASSETS
Debtors 6 118,092 171,499
Cash at bank and in hand 41,065 5,955
159,157 177,454
Creditors: Amounts Falling Due Within One Year 7 (124,561 ) (110,551 )
NET CURRENT ASSETS (LIABILITIES) 34,596 66,903
TOTAL ASSETS LESS CURRENT LIABILITIES 37,621 71,516
PROVISIONS FOR LIABILITIES
Deferred Taxation (589 ) (1,153 )
NET ASSETS 37,032 70,363
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 36,932 70,263
SHAREHOLDERS' FUNDS 37,032 70,363
Page 1
Page 2
For the year ending 31 October 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 Dario Giuliani
Director
11th July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Briter Bridges Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11653314 . The registered office is Castle House, Castle Street , Guildford, Surrey, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
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 years 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 3)
16 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 7,429
Disposals (791 )
As at 31 October 2024 6,638
Depreciation
As at 1 November 2023 2,816
Provided during the period 1,858
Disposals (391 )
As at 31 October 2024 4,283
Net Book Value
As at 31 October 2024 2,355
As at 1 November 2023 4,613
Page 4
Page 5
5. Investments
Subsidiaries
£
Cost
As at 1 November 2023 -
Additions 670
As at 31 October 2024 670
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 670
As at 1 November 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,456 126,634
Other debtors 77,331 44,865
117,787 171,499
Due after more than one year
Other debtors 305 -
118,092 171,499
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 45,647 37,243
Bank loans and overdrafts - 20,716
Other creditors 68,704 9,930
Taxation and social security 10,210 42,662
124,561 110,551
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Dario Giuliani 43,576 63,366 (57,039 ) - 49,904
The above loan is unsecured, accrues interest at the HMRC offical rate and is repayable on demand.
10. Related Party Transactions
During the year the company paid £57,000 (2023: £25,329) in dividends to the director.
Included in other creditors at the balance sheet date is £670 (2023: £NIL) owed to group undertakings. Amounts owed to group undertakings are unsecured, interest free, and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is D Giuliani by virtue of his ownership of 100% of the issued share capital in the company.
Page 6