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REGISTERED NUMBER: 14249955 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202

FOR

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Statement of Financial Position 4 to 5

Company Statement of Financial Position 6 to 7

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Consolidated Statement of Cash Flows 10

Notes to the Consolidated Statement of Cash Flows 11 to 12

Notes to the Consolidated Financial Statements 13 to 21


BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D Harrop
D Wildey
D Thirkell
J Lander





SECRETARY: J Lander





REGISTERED OFFICE: C P House 97-107 Uxbridge Road
London
W5 5TL





REGISTERED NUMBER: 14249955 (England and Wales)





ACCOUNTANTS: DPC Accountants Ltd
Stone House
Stone Road Business Park
Stoke-On-Trent
ST4 6SR

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

D Harrop
D Wildey
D Thirkell
J Lander

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Harrop - Director


24 July 2025

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 4,249,578 4,636,339

Cost of sales (514,641 ) (483,915 )
GROSS PROFIT 3,734,937 4,152,424

Administrative expenses (3,286,117 ) (3,247,733 )
OPERATING PROFIT 5 448,820 904,691

Interest receivable and similar income 118 152
448,938 904,843

Interest payable and similar expenses (103,531 ) (134,788 )
PROFIT BEFORE TAXATION 345,407 770,055

Tax on profit (89,795 ) (200,585 )
PROFIT FOR THE FINANCIAL YEAR 255,612 569,470

Profit attributable to:
Owners of the parent 255,612 569,470

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 7 4,540,593 4,540,593
Tangible assets 8 362,536 400,473
Investments 9 - -
4,903,129 4,941,066

CURRENT ASSETS
Debtors 10 693,499 962,236
Cash at bank and in hand 535,010 1,019,398
1,228,509 1,981,634
CREDITORS
Amounts falling due within one year 11 (809,273 ) (1,571,484 )
NET CURRENT ASSETS 419,236 410,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,322,365

5,351,216

CREDITORS
Amounts falling due after more than one
year

12

(1,500,000

)

(1,750,000

)

PROVISIONS FOR LIABILITIES (84,550 ) (93,517 )
NET ASSETS 3,737,815 3,507,699

CAPITAL AND RESERVES
Called up share capital 2,999,578 2,999,578
Retained earnings 738,237 508,121
3,737,815 3,507,699

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





D Harrop - Director


BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

COMPANY STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 7 - -
Tangible assets 8 - -
Investments 9 6,565,131 6,565,131
6,565,131 6,565,131

CURRENT ASSETS
Debtors 10 - 213,397
Cash at bank 100 -
100 213,397
CREDITORS
Amounts falling due within one year 11 (598,868 ) (684,564 )
NET CURRENT LIABILITIES (598,768 ) (471,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,966,363

6,093,964

CREDITORS
Amounts falling due after more than one
year

12

(1,500,000

)

(1,750,000

)
NET ASSETS 4,466,363 4,343,964

CAPITAL AND RESERVES
Called up share capital 2,999,578 2,999,578
Retained earnings 1,466,785 1,344,386
4,466,363 4,343,964

Company's profit for the financial year 147,895 452,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

COMPANY STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





D Harrop - Director


BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 2,999,578 87,376 3,086,954

Changes in equity
Dividends - (148,725 ) (148,725 )
Total comprehensive income - 569,470 569,470
Balance at 31 December 2023 2,999,578 508,121 3,507,699

Changes in equity
Dividends - (25,496 ) (25,496 )
Total comprehensive income - 255,612 255,612
Balance at 31 December 2024 2,999,578 738,237 3,737,815

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 2,999,578 1,040,895 4,040,473

Changes in equity
Dividends - (148,725 ) (148,725 )
Total comprehensive income - 452,216 452,216
Balance at 31 December 2023 2,999,578 1,344,386 4,343,964

Changes in equity
Dividends - (25,496 ) (25,496 )
Total comprehensive income - 147,895 147,895
Balance at 31 December 2024 2,999,578 1,466,785 4,466,363

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 558,018 827,910
Interest paid (103,531 ) (134,788 )
Tax paid (276,661 ) (163,579 )
Net cash from operating activities 177,826 529,543

Cash flows from investing activities
Purchase of tangible fixed assets (13,607 ) (13,518 )
Interest received 118 152
Net cash from investing activities (13,489 ) (13,366 )

Cash flows from financing activities
Loan repayments in year (500,000 ) (250,000 )
Equity dividends paid (148,725 ) -
Net cash from financing activities (648,725 ) (250,000 )

(Decrease)/increase in cash and cash equivalents (484,388 ) 266,177
Cash and cash equivalents at
beginning of year

2

1,019,398

753,221

Cash and cash equivalents at end of
year

2

535,010

1,019,398

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.12.24 31.12.23
£    £   
Profit before taxation 345,407 770,055
Depreciation charges 51,545 55,388
Finance costs 103,531 134,788
Finance income (118 ) (152 )
500,365 960,079
Decrease/(increase) in trade and other debtors 268,737 (119,665 )
Decrease in trade and other creditors (211,084 ) (12,504 )
Cash generated from operations 558,018 827,910

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 535,010 1,019,398
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 1,019,398 753,221


BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1.1.24 Cash flow changes At 31.12.24
£    £    £    £   
Net cash
Cash at bank
and in hand 1,019,398 (484,388 ) 535,010
1,019,398 (484,388 ) 535,010
Debt
Debts falling due
within 1 year (500,000 ) 500,000 (250,000 ) (250,000 )
Debts falling due
after 1 year (1,750,000 ) - 250,000 (1,500,000 )
(2,250,000 ) 500,000 - (1,750,000 )
Total (1,230,602 ) 15,612 - (1,214,990 )

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

BRG ENTERPRISE SOLUTIONS (HOLDINGS) 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 General Information page.

The principal activity of the company is that of a holding company.

The principal activity of the trading subsidiaries is that of providing evidence-based solutions in the form of market research, data, intelligence and consultancy services to the global buildings products, speciality chemicals and paints & coatings industries.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

BASIS OF CONSOLIDATION
The consolidated financial statements include the results of BRG Enterprise Solutions (Holdings) Limited, and its subsidiary undertakings drawn up to 31 December 2024. The company’s own Statement of Comprehensive Income is not included as permitted by Section 408 of the Companies Act 2006.

The group profit and loss account includes the results of all subsidiary undertakings for the period from the date of their acquisition and up to the date of disposal.

Turnover and profits arising on trading between group companies are excluded. Where the group has an investment in an entity which is sufficient to give the group a participating interest, and over which it is in a position to exercise significant influence, the entity is treated as an associated undertaking and is accounted for using the equity method of accounting. The group's interests in joint ventures are accounted for using the gross equity method of accounting.

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

The company provides evidence-based solutions in the form of market research, data, intelligence and consultancy services to the global buildings products, speciality chemicals and paints & coatings industries. Income is recognised at clearly agreed and defined stages of deliverable.

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

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. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment loss.

Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10-33% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


FOREIGN CURRENCIES
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

EMPLOYEE BENEFITS
The company provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

31.12.24 31.12.23
£    £   
Depreciation - owned assets 51,544 55,387

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. INTANGIBLE FIXED ASSETS

Group
Enterprise
database
£   
COST
At 1 January 2024
and 31 December 2024 4,540,593
NET BOOK VALUE
At 31 December 2024 4,540,593
At 31 December 2023 4,540,593

8. TANGIBLE FIXED ASSETS

Group
Fixtures
and
fittings
£   
COST
At 1 January 2024 1,315,384
Additions 13,607
At 31 December 2024 1,328,991
DEPRECIATION
At 1 January 2024 914,911
Charge for year 51,544
At 31 December 2024 966,455
NET BOOK VALUE
At 31 December 2024 362,536
At 31 December 2023 400,473

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 6,565,131
NET BOOK VALUE
At 31 December 2024 6,565,131
At 31 December 2023 6,565,131

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

SUBSIDIARIES

Barco 2022 Limited
Registered office: C P House 97-107 Uxbridge Road, Ealing, London, W5 5TL
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 100.00

BRG Enterprise Solutions Limited (Indirectly)
Registered office: C P House 97-107 Uxbridge Road, Ealing, London, W5 5TL
Nature of business: Consultancy
%
Class of shares: holding
Ordinary 100.00

BRG Enterprise Solutions Inc (Indirectly)
Registered office: USA
Nature of business: Consultancy
%
Class of shares: holding
Ordinary 100.00

BRG Enterprise Solutions India Private Ltd (Indirectly)
Registered office: India
Nature of business: Consultancy
%
Class of shares: holding
Ordinary 100.00

Information Research Limited
Registered office: C P House 97-107 Uxbridge Road, Ealing, London, W5 5TL
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. FIXED ASSET INVESTMENTS - continued

Competitive Intelligence Services Limited
Registered office: C P House 97-107 Uxbridge Road, Ealing, London, W5 5TL
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Marketing Intelligence Services Limited
Registered office: C P House 97-107 Uxbridge Road, Ealing, London, W5 5TL
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Business Research Group Limited
Registered office: C P House 97-107 Uxbridge Road, Ealing, London, W5 5TL
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Trade debtors 481,076 852,845 - -
Amounts owed by group undertakings - - - 213,397
Other debtors 101,131 57,153 - -
VAT 22,515 15,191 - -
Prepayments 88,777 37,047 - -
693,499 962,236 - 213,397

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Other loans 250,000 500,000 250,000 500,000
Trade creditors 140,828 114,349 - -
Amounts owed to group undertakings - - 295,013 -
Tax 7,306 182,434 - -
Social security and other taxes 36,805 34,166 - -
Other creditors 7,911 1,471 - -
Accruals and deferred income 366,423 739,064 53,855 184,564
809,273 1,571,484 598,868 684,564

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Other loans - 1-2 years 250,000 250,000 250,000 250,000
Other loans - 2-5 years 750,000 750,000 750,000 750,000
Other loans more than 5 years 500,000 750,000 500,000 750,000
1,500,000 1,750,000 1,500,000 1,750,000

Amounts falling due in more than five years:

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Repayable by instalments
Other loans more than 5 years 500,000 750,000 500,000 750,000

13. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 62,399 10,506
Between one and five years 93,599 -
155,998 10,506

14. SHARE OPTIONS

The following share options were held at the year end:


Brought
forward

Issued

Cancelled

Exercised
Carried
forward
Granted 20 April 2023 4 - - - 4

4 - - - 4

All of the above share options have an exercise price of £1.

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

BRG ENTERPRISE SOLUTIONS (HOLDINGS)
LIMITED (REGISTERED NUMBER: 14249955)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


16. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no material events after the end of the reporting period up to the date of approval of the financial statements by the board.

17. ULTIMATE CONTROLLING PARTY

There is no one controlling party.