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REGISTERED NUMBER: 01829340












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BERNLITE LIMITED

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BERNLITE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: J Glazer
D Fuell
J Clifton





SECRETARY: D Fuell





REGISTERED OFFICE: Unit 2
The Eclipse Industrial Estate
20 Sandown Road
Watford,
HERTS.
WD24 7AE





REGISTERED NUMBER: 01829340





ACCOUNTANTS: Hillier Hopkins LLP
Chartered Accountants and
Statutory Auditor
Radius House, 51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 896,106 917,656

CURRENT ASSETS
Stocks 586,838 804,581
Debtors 5 617,796 632,767
Cash at bank 4,694,865 4,926,172
5,899,499 6,363,520
CREDITORS
Amounts falling due within one year 6 669,568 1,045,739
NET CURRENT ASSETS 5,229,931 5,317,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,126,037

6,235,437

CAPITAL AND RESERVES
Called up share capital 8 15,010 15,010
Share premium 5,000 5,000
Capital redemption reserve 10,000 10,000
Retained earnings 6,096,027 6,205,427
SHAREHOLDERS' FUNDS 6,126,037 6,235,437

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.

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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:




D Fuell - Director


BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Bernlite 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 recognised when goods are despatched to customers and represents the invoiced value of such goods and any services provided, net of settlement discounts allowed, rebates payable to customers, and value added taxes.

Property rental income is recognised by reference to the period for which the tenants are invoiced and represents the value of rents receivable, excluding value added taxes.

Management charges receivable are recognised by reference to the period for which the charges relate and represents the value of the charges, excluding value added taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stock is stated at the lower of cost and estimated net realisable value. Cost is determined on a first­ in, first-out (FIFO) basis and includes the purchase price together with all other directly attributable costs to bring the inventory to its present location and condition. Due allowance is made for obsolete and slow moving items. Inventories are recognised as an expense in the period in which the related revenue is recognised.

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.

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases.
Payments under operating leases are charged to the profit and loss account 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 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 955,772 435,913 1,391,685
Additions - 61,931 61,931
Disposals - (80,818 ) (80,818 )
At 31 December 2024 955,772 417,026 1,372,798
DEPRECIATION
At 1 January 2024 154,180 319,849 474,029
Charge for year 11,860 44,530 56,390
Eliminated on disposal - (53,727 ) (53,727 )
At 31 December 2024 166,040 310,652 476,692
NET BOOK VALUE
At 31 December 2024 789,732 106,374 896,106
At 31 December 2023 801,592 116,064 917,656


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 561,057 572,498
Other debtors 56,739 60,269
617,796 632,767

BERNLITE LIMITED (REGISTERED NUMBER: 01829340)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 163,278 205,671
Taxation and social security 104,110 194,898
Other creditors 402,180 645,170
669,568 1,045,739

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,502 -
Between one and five years - 30,099
13,502 30,099

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary A shares £1 15,000 15,000
10 Ordinary B shares £1 10 10
15,010 15,010