Company Registration No. 08016888 (England and Wales)
BRAERISE (UK) LIMITED
Unaudited accounts
for the year ended 31 October 2024
BRAERISE (UK) LIMITED
Unaudited accounts
Contents
BRAERISE (UK) LIMITED
Company Information
for the year ended 31 October 2024
Company Number
08016888 (England and Wales)
Registered Office
59 Selborne Gardens
London
UB6 7PD
UK
Accountants
Newhunt & Company
Flat1 44 Oakdene Park London
44 Oakdene Park
Finchley
London
N3 1EU
BRAERISE (UK) LIMITED
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
24,628
51,611
Creditors: amounts falling due within one year
(28,777)
(19,573)
Net current assets
22,480
32,988
Total assets less current liabilities
27,680
32,988
Creditors: amounts falling due after more than one year
(25,203)
(30,619)
Called up share capital
100
100
Profit and loss account
2,377
2,269
Shareholders' funds
2,477
2,369
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by
D Nenov
Director
Company Registration No. 08016888
BRAERISE (UK) LIMITED
Notes to the Accounts
for the year ended 31 October 2024
BRAERISE (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08016888. The registered office is 59 Selborne Gardens, London, UB6 7PD, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax,
returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
BRAERISE (UK) LIMITED
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
10,796
10,841
21,637
Disposals
-
(10,841)
(10,841)
At 31 October 2024
10,796
6,500
17,296
At 1 November 2023
10,796
10,841
21,637
Charge for the year
-
1,300
1,300
On disposals
-
(10,841)
(10,841)
At 31 October 2024
10,796
1,300
12,096
At 31 October 2024
-
5,200
5,200
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,279
6,418
Taxes and social security
1,342
3,995
Loans from directors
16,383
5,851
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).