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Registered number: 02875749












BRITA VIVREAU LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 

BRITA VIVREAU LIMITED

CONTENTS



Page
Company information
 
1
Strategic report
 
2 - 5
Directors' report
 
6
Directors' responsibilities statement
 
7
Independent auditor's report
 
8 - 11
Profit and loss account
 
12
Balance sheet
 
13
Statement of changes in equity
 
14
Statement of cash flows
 
15
Notes to the financial statements
 
16 - 34


 

BRITA VIVREAU LIMITED
 
COMPANY INFORMATION


Directors
Mr M R Hankammer 
Mr N Whitfield 
Dr D J Hall 




Registered number
02875749



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Trading Address
First Floor, Beaufort House
Cricketfield Road

Uxbridge

Middlesex

UB8 1QG






Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1 -

 

BRITA VIVREAU LIMITED
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction
 
The directors present their strategic report for the year ended 31 December 2024.

Business review
 
The results of the Company for the year, as set out on page 12, show a profit before tax for the year of £512,719 (2023: £547,003). Turnover was £15,687,792 (2023: £15,495,916).
In 2024 the Company not only continued to improve the commercial and financial performance, but also successfully implemented a number of strategic projects, in particular the Service Management Tool and the Pre-Installation Configuration facility (PIC). The Service Management Tool (SMT) is a software system which will replace Service Director. SMT will help drive improved customer service and internal management of the Service function. Introduction of the tool required a significant focus across all functions in the business to prepare for the launch, from the Customer Experience team through to Service Planning, the Engineers and Finance. The system was successfully launched in January 2025.
PIC went live in 2024. The PIC facility in Bournemouth gives the business the capacity to fully pre-stage systems, ensuring they are completely ready for installation into customer sites prior to dispatch of the system. This leads to efficiency for engineers by reducing time required on site.
From a Financial perspective, achievement of these major initiatives did not stop a further improvement in commercial and financial performance. Turnover growth continued, +1% in 2024 following strong growth in of +8% in 2023. Purchase volumes were +39% and turnover +24%. Turnover growth was lower than volumes growth following the launch of the lower priced Top Compact, designed to compete in the POU market. Growth was strong in the Key Accounts and Corporate channels, with some cooling of the Build channel following strong growth in 2023. Service Contract income also grew +6%, and turnover from Rental Contracts remained constant. We did experience some decline in the revenue generated on bottles, with the reduction coming from bottles supplied to BRITA customers in non-UK markets.
Gross Profit improved to £7,695,246 in 2024 (2023: £6,257,516) with an increase in margin to 49% (2023: 40%). This increase in margin reflects decreases in cost of goods, primarily from group companies.
Overall the Company closed 2024 with Operating Profit £618,285 (2023: £551,506), +12% compared to 2023.
Principal risks and uncertainties
The Company finances its activities with the cash it generates. Other financial assets and liabilities, such as trade debtors and trade creditors, arise directly from the Company’s operations.
The majority of transactions in the Company are conducted in Sterling, however certain suppliers trade with the Company in Euros and US Dollars.
The main financial risk to which the company is exposed is credit risk.
The Company’s credit risk covers a wide spectrum, from large corporates to small independent businesses. The Company manages its cash in order to ensure that at any point the Company has sufficient liquid resources to meet the needs of the business. Standard credit control procedures are applied with regular checks on payment history and checks to ensure credit-worthiness using credit reference agencies. The Company has no third party borrowings and is able to borrow funds from its immediate parent company BRITA SE, which is willing and able to provide support.
The Company understands its duty of care to secure and protect the Health & Safety of its employees and to reduce the environmental impact of its operations. The safety of our employees is paramount to our continued success and any shortfalls could carry significant reputational and legal risks.

Page 2 -

 

BRITA VIVREAU LIMITED

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Principal risks and uncertainties (continued)
 
There are a number of businesses that provide products that are similar to those of the Company. The market and activities of other participants are regularly reviewed to ensure that the strategies and offerings of current and potential competitors are understood. Both qualitative and quantitative research is undertaken to ensure that our products continue to meet the needs of our customers whilst retaining a competitive position in the market with the mid-term goal to become the market leader in the premium water dispenser segment in the UK.

Financial key performance indicators
 
The Company monitors its progress by reference to a number of KPI’s, including:
 
Turnover 
2024: £15,687,792
2023: £15,495,916
Change: 1%
Gross margin 
2024: 49%
2023: 40%
Change: +9 ppt
Operating profit 
2024: £618,285
2023: £551,506
Change: 12%
    
KPI’s are monitored at monthly management meetings and as part of the regular forecasting and planning activities as well as at the quarterly business reviews with the BRITA Group and the BRITA Regional Management EMEA.
Principal activity
The principal activity of the Company during the year continued to be that of the supply of water dispensing machines.
Directors' statement of compliance with duty to promote the success of the company
Employees
BRITA is a family-owned business and sees family values and the wellbeing of its employees as key to its future success.
BRITA’s values of Thinking in Generations, Trust & Respect, Diversity, Result-orientation, Agility, Accountability and Personal Development are used to empower individuals and teams to deliver outstanding customer service, to both external and internal customers. We believe this is best achieved by an engaged and motivated workforce, working in a stimulating and challenging but supportive environment.
The Chairman of the Group and UK Executive Boards, Markus Hankammer is a member of the family which owns BRITA Group and is also Group Chief Executive and actively engages with BRITA employees across the globe in this capacity. The other UK Board members are employed in managerial capacities in the UK business and as such engage daily with UK members of staff, including those of BRITA Vivreau and its sister company BRITA Water Filter Systems Ltd.
Once a year, a survey is undertaken to capture employee engagement amongst the UK workforce, probing areas such as feelings on leadership, management and communication, amongst others. This survey is completed using the platform called Great Place to Work. The overall engagement score, along with our sister company, BRITA Water Filter System, was 75% in 2024. We also retained our silver IIP accreditation.

Page 3 -

 

BRITA VIVREAU LIMITED

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Directors' statement of compliance with duty to promote the success of the company (continued)
 
The Board feel that the Company has an open dialogue with its employees as well as the support it provides to them through its range of employee benefits, ongoing leadership and management training programmes. We are confident that 2025 will continue to show a positive trend in employee engagement.
Personal Development Plans and our focus on our High Performing Organisation programme help to address any issues or improvement areas raised through the Employee Survey. These are discussed at a Senior Management and departmental level and actions are identified and worked on for the following year. Communication with employees is aided by monthly whole business Info shares, departmental team meetings and one-to-ones. Issues can be raised with line managers or confidentially with HR or in accordance with the escalation policy laid out in the BRITA Group Code of Conduct.
BRITA Vivreau UK is part of the global “BRITA Vital” program, providing another forum through which employees can make their voice heard. This team generates ideas for the employee engagement program focusing on topics such as sustainability & wellbeing (incl. health) events and charitable activities that support the wider community and the environment. This is in line with our BRITA 2025 Strategy (“Shaping Sustainable Solutions”), which has sustainability as the focus for the BRITA Group development of the next years.
Taken together these enable a healthy dialogue between the Board, senior management and the wider work force, where matters can be raised, and concerns addressed.

Customers and Consumers 
BRITA has always sought to form partnerships with its customers and work in collaboration sharing knowledge and expertise to change the way we drink water sustainably.
BRITA Vivreau supplies water dispensing machines to a number of sectors, including HORECA, Corporate, Education, Healthcare and Resellers. The sales team work with their customers to understand their business strategies and align the right products and services to achieve the customers objectives and fulfil their needs.
Working with the marketing team, the sales team keep up to date with key insights and trends in the market to ensure they are recognised as strategic partners with our customers.
Detailed reporting of the sales we make to our customers is available to Senior Management.
Wider Community and the environment
As a business we deal with water for personal consumption and as such sustainability and environmental protection is central to our core beliefs.
We work to a flexible hybrid working model and our engineering team, who travel to and from the various sites they work on, walk where possible in London, and have switched to electric or hybrid vehicles where they can.
BRITA encourages employees to vote for and support charities of their choice. At the moment these are Michael Sobell Hospice and Tiny Hearts Barnsley (local charities). Employees find ingenious ways to raise funds through sponsored and other events as well as being supported by company donations.
Suppliers
The major supplier to BRITA Vivreau is its immediate parent company BRITA SE which is also responsible for maintaining the most important third-party supplier relationships for the Group as a whole.
Through and with BRITA Group we work to ensure products are ethically sourced and manufactured and that suppliers are treated fairly.

Page 4 -

 

BRITA VIVREAU LIMITED

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024


This report was approved by the board and signed on its behalf.





Dr D J Hall
Director

Date: 28 July 2025

Page 5 -

 

BRITA VIVREAU LIMITED

DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

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

Results and dividends

The profit for the year, after taxation, amounted to £371,319 (2023 - £312,565).

No dividends were declared or paid in the financial year (2023: £nil).

Directors

The directors who served during the year were:

Mr M R Hankammer 
Mr N Whitfield 
Dr D J Hall 

Future developments

The Company will continue to focus on profitable growth in its current market through acquiring new customers and enhancing cooperation with its existing customer base while at the same time exploring new customer sectors. This is supported by our new internal product range, providing excellent product quality combined with top in class customer service.

Disclosure of information to auditor

Each of the persons who are directors at the time when this directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Post balance sheet events

On 15th May 2025 the Company announced the intention to exit the Uxbridge office and relocate the BRITA Vivreau office to BRITA House in Bicester, where the Consumer and Professional Business units are based. The move is expected to take place in Q2 2026.
Relocation to Bicester will unify all BRITA UK businesses in one location, behind one powerful brand and culture, providing the best opportunities for shared learning, innovation, collaboration and career development.

This report was approved by the board and signed on its behalf.
 





Dr D J Hall
Director

Date: 28 July 2025

Page 6 -

 

BRITA VIVREAU LIMITED
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 7 -

 

BRITA VIVREAU LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED
 FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion


We have audited the financial statements of BRITA Vivreau Limited (the 'Company') for the year ended 31 December 2024, which comprise the profit and loss account, the balance sheet, the statement of cash flows, the statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual reportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 8 -

 

BRITA VIVREAU LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the directors' responsibilities statement set out on page 7, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 9 -

 

BRITA VIVREAU LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental (including Alcumus SafeContractor accreditation) and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
 
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
 
performed analytical procedures to identify any unusual or unexpected relationships;
tested a sample of journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
 
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims; and
reviewing correspondence with HMRC.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
 
Page 10 -

 

BRITA VIVREAU LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITA VIVREAU LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Thomas Dickinson (senior statutory auditor)
  
for and on behalf of
Blick Rothenberg Audit LLP
 
Chartered Accountants
Statutory Auditor
  
16 Great Queen Street
Covent Garden
London
WC2B 5AH

 
Date: 
11 August 2025
Page 11 -

 

BRITA VIVREAU LIMITED
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
 4 
15,687,792
15,495,916

Cost of sales
  
(7,992,546)
(9,238,400)

Gross profit
  
7,695,246
6,257,516

Administrative expenses
  
(7,560,288)
(6,303,544)

Other operating income
 5 
483,327
597,534

Operating profit
 6 
618,285
551,506

Interest receivable and similar income
 8 
5,112
3,003

Interest payable and similar expenses
 9 
(110,678)
(7,506)

Profit before tax
  
512,719
547,003

Tax on profit
 10 
(141,400)
(234,438)

Profit for the financial year
  
371,319
312,565

There are no items of other comprehensive income for either the year or the prior year other than the profit for the year. Accordingly, no statement of other comprehensive income has been presented.

Page 12 -


 

BRITA VIVREAU LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 11 
822,724
124,339

Tangible assets
 12 
4,615,138
3,953,116

  
5,437,862
4,077,455

Current assets
  

Stocks
 13 
1,658,763
1,474,298

Debtors: amounts falling due after more than one year
 14 
90,422
93,101

Debtors: amounts falling due within one year
 14 
3,930,166
3,682,945

Cash at bank and in hand
 15 
918,639
695,887

  
6,597,990
5,946,231

Creditors: amounts falling due within one year
 16 
(5,822,913)
(5,695,614)

Net current assets
  
 
 
775,077
 
 
250,617

Total assets less current liabilities
  
6,212,939
4,328,072

Creditors: amounts falling due after more than one year
 17 
(1,506,320)
(3,349)

Provisions for liabilities
  

Deferred tax
 18 
(10,577)
-

Net assets
  
4,696,042
4,324,723


Capital and reserves
  

Called up share capital 
 19 
202
202

Share premium account
 20 
14,881
14,881

Profit and loss account
 20 
4,680,959
4,309,640

Total equity
  
4,696,042
4,324,723


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr D J Hall
Director

Date: 28 July 2025

The notes on pages 16 to 34 form part of these financial statements.

Page 13 -

 

BRITA VIVREAU LIMITED

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


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
202
14,881
3,997,075
4,012,158



Profit for the year
-
-
312,565
312,565



At 1 January 2024
202
14,881
4,309,640
4,324,723



Profit for the year
-
-
371,319
371,319


At 31 December 2024
202
14,881
4,680,959
4,696,042


The notes on pages 16 to 34 form part of these financial statements.

Page 14 -

 

BRITA VIVREAU LIMITED

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
371,319
312,565

Adjustments for:

Amortisation of intangible assets
56,090
24,574

Depreciation of tangible assets
1,507,664
1,286,126

Loss on disposal of tangible assets
113,912
112,168

Interest paid
110,678
7,506

Interest received
(5,112)
(3,003)

Taxation charge
141,400
234,438

Increase in stocks
(2,099,465)
(2,059,926)

Increase in debtors
(181,973)
(474,986)

Increase in amounts owed by groups
(1,474,165)
(26,457)

Increase in creditors
432,557
43,002

Corporation tax paid
(21,514)
(261,616)

Net cash generated from operating activities

(1,048,609)
(805,609)


Cash flows from investing activities

Purchase of intangible fixed assets
(754,475)
(94,551)

Purchase of tangible fixed assets
(368,598)
(278,380)

Interest received
5,112
3,003

Net cash from investing activities

(1,117,961)
(369,928)

Cash flows from financing activities

New loans from group companies
2,500,000
-

Interest paid
(110,678)
(7,506)

Net cash used in financing activities
2,389,322
(7,506)

Net increase/(decrease) in cash and cash equivalents
222,752
(1,183,043)

Cash and cash equivalents at beginning of year
695,887
1,878,930

Cash and cash equivalents at the end of year
918,639
695,887


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
918,639
695,887


Page 15 -

 

BRITA VIVREAU LIMITED

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

1.


General information

BRITA Vivreau Limited is a private company limited by shares and registered in England and Wales. The Company's registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH and the Company's principal place of business is First Floor, Beaufort House, Cricketfield Road, Uxbridge, Middlesex, UB8 1QG.
The financial statements are presented in Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company relies on its ultimate parent company, BRITA SE, for product supply. In view of this, the Directors have confirmed that BRITA SE intends to supply products to the Company for a period of at least 12 months from the date of the approval of these financial statements. During the year the company entered into loan agreements totalling £2.5m with its ultimate parent company. The company has received a letter of support confirming amounts due for repayment within 12 months of the approval of the financial statements (as described in note 16) will not be recalled. After considering these factors, including the financial and operational ability of the company to continue as a going concern, the directors have reasonable expectation that the Company has adequate resources to continue its operational existence for the foreseeable future.

Page 16 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract; and
the costs incurred and the costs to complete the contract can be measured reliably.
 
Revenue from the outright sale of equipment is recognised when the goods leave our warehouse.
Equipment rental revenue is recognised on a straight line basis over the period of each rental contract, commencing on the date of the final installation. The directors consider these to be operating leases.
Revenue from annual service contracts is recognised on a straight line basis over the period of each contract.

Page 17 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Leased assets: the Company as lessor

Where assets leased to a third party give rights approximating to ownership (finance lease), the lessor recognises as a receivable an amount equal to the net investment in the lease i.e. the minimum lease payments receivable under the lease discounted at the interest rate implicit in the lease. This receivable is reduced as the lessee makes capital payments over the term of the lease.

A finance lease gives rise to two types of income: profit or loss equivalent to the profit or loss resulting from outright sale of the asset being leased, at normal selling prices, reflecting any applicable discounts, and finance income over the lease term.

Page 18 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)

 
2.7

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 19 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.12

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.13

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management being the labour costs of installation and freight.

Page 20 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)


2.13
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over the lease term
Plant and machinery
-
20% Straight line
Fixtures, fittings and equipment
-
20-33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

  
2.16

Share capital

Ordinary shares are classified as equity.

Page 21 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)


2.17

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 
 
The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 22 -

 

BRITA VIVREAU LIMITED

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

2.Accounting policies (continued)





Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 23 -

 

BRITA VIVREAU LIMITED

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

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company’s accounting policies, which are described in note 2, the following judgements and key estimates have been made by the  directors:
Stock provisioning
The carrying value of stock, at the lower of cost and net realisable value, is dependent on key judgements and estimates that are made by management.  The judgements relating to stock include an estimation of future demand for products and expected average sales prices. These judgements also include consideration of specific factors and the development and availability of other stock lines in the market. Actual outcomes could be different to the assumptions used in determining the estimates.
Estimated useful life of tangible fixed assets
At the date of capitalising tangible fixed assets, the Company estimates the useful economic life of the asset based on management’s judgement and experience. Due to the significance of the capital investment to the Company, variance between actual and estimated useful economic lives could impact results both positively and negatively.
Recoverability of the deferred tax asset
The Company has recognised a deferred tax asset as disclosed in note 18 to the financial statements. The directors have assessed that this asset will be recoverable based on the cashflow forecasts and budgets for future periods.


4.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Equipment sales
3,183,822
2,696,508

Equipment rental
7,685,523
7,740,798

Bottles and caps
1,311,117
1,636,901

Servicing
1,207,925
1,160,466

Service contracts
1,998,160
1,879,478

Spare parts
282,385
363,417

Carriage out
18,860
18,348

15,687,792
15,495,916


Analysis of turnover by country of destination:

2024
2023
£
£

United Kingdom
15,242,860
14,758,948

Overseas
444,932
736,968

15,687,792
15,495,916


Page 24 -

 

BRITA VIVREAU LIMITED

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

5.


Other operating income

2024
2023
£
£

Other operating income
483,327
597,534


Other operating income comprises recharges to fellow group entities.


6.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Audit fees payable to the company's auditor
36,575
32,500

Non-audit fees payable to the company's auditor
7,400
8,500

Exchange differences
1,928
(380)

Other operating lease rentals
726,262
693,633

Depreciation of tangible fixed assets
1,507,664
1,286,126

Amortisation of intangible fixed assets
56,090
24,574

Defined contribution pension cost
313,708
265,054

Page 25 -

 

BRITA VIVREAU LIMITED

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

7.


Employees

Staff costs were as follows:


2024
2023
£
£

Wages and salaries
5,961,444
5,345,809

Cost of defined contribution scheme
313,708
265,054

6,275,152
5,610,863


Included above is remuneration for key management personnel totalling £258,401 (2023: £146,937).
Directors remuneration for 2024 was £nil (2023: £nil) as the directors of the Company are remunerated through other Group entities.

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Director
3
3



Sales
21
21



Administration
43
41



Engineer
42
41



Warehouse and Bottle Processing
11
11

120
117


8.


Interest receivable and similar income

2024
2023
£
£


Other interest receivable
5,112
3,003


9.


Interest payable and similar expenses

2024
2023
£
£


Loans from group undertakings
104,466
-

Other interest payable
6,212
7,506

110,678
7,506

Page 26 -

 

BRITA VIVREAU LIMITED

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

10.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
41,970
188,740

Adjustments in respect of previous periods
(139,883)
-

Total current tax
(97,913)
188,740

Deferred tax


Origination and reversal of timing differences
239,313
45,698


Tax on profit
141,400
234,438

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 23.5%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
512,719
547,003


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.5%)
128,180
128,546

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
332
7,790

Capital allowances for year in excess of depreciation
(115,020)
26,045

Adjustments to tax charge in respect of prior periods
(139,883)
-

Book (profit)/loss on fixed asset disposals
28,478
26,359

Other differences leading to an increase (decrease) in the tax charge
239,313
45,698

Total tax charge for the year
141,400
234,438


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 27 -

 

BRITA VIVREAU LIMITED

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

11.


Intangible assets




Assets under development
Software licences
Total

£
£
£



Cost


At 1 January 2024
-
169,736
169,736


Additions
754,475
-
754,475



At 31 December 2024

754,475
169,736
924,211



Amortisation


At 1 January 2024
-
45,397
45,397


Charge for the year
-
56,090
56,090



At 31 December 2024

-
101,487
101,487



Net book value



At 31 December 2024
754,475
68,249
822,724



At 31 December 2023
-
124,339
124,339


Intangible assets under development shown above relate to service management software. At the balance sheet date the software had not yet been implemented and no amortisation of the asset has therefore been recorded. The software was launched in January 2025 and amortisation began from that date.


Page 28 -

 

BRITA VIVREAU LIMITED

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

12.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 January 2024
329,319
8,284,809
436,730
9,050,858


Additions
54,356
2,050,986
178,256
2,283,598


Disposals
-
(1,540,956)
(17,227)
(1,558,183)



At 31 December 2024

383,675
8,794,839
597,759
9,776,273



Depreciation


At 1 January 2024
237,548
4,581,346
278,848
5,097,742


Charge for the year
40,977
1,367,970
98,717
1,507,664


Disposals
-
(1,427,044)
(17,227)
(1,444,271)



At 31 December 2024

278,525
4,522,272
360,338
5,161,135



Net book value



At 31 December 2024
105,150
4,272,567
237,421
4,615,138



At 31 December 2023
91,771
3,703,463
157,882
3,953,116

Included in the above is plant and machinery leased on operating leases to third parties at a net book value of £4,272,567 (2023: £3,703,463).


13.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,658,763
1,474,298


There is no significant difference between the replacement cost of the stock and its carrying amount.

Page 29 -

 

BRITA VIVREAU LIMITED

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

14.


Debtors

2024
2023
£
£

Due after more than one year

Finance lease receivable
90,422
93,101


2024
2023
£
£

Due within one year

Trade debtors
3,069,397
2,904,243

Amounts owed by group undertakings
451,504
279,626

Other debtors
189,944
69,061

Prepayments and accrued income
197,759
180,685

Finance lease receivable
21,562
20,594

Deferred taxation
-
228,736

3,930,166
3,682,945


Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand.


15.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
918,639
695,887



16.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
799,208
670,337

Amounts owed to group undertakings
1,054,310
1,356,597

Other taxation and social security
661,067
563,825

Other creditors
45,024
40,794

Accruals and deferred income
3,263,304
3,064,061

5,822,913
5,695,614


Amounts owed to group undertakings includes an unsecured loan of £1,000,000 from the Company's parent, BRITA SE, which bears interest at SONIA +1.5% and is repayable on 18 February 2025. The remaining amounts owed to group undertakings represent accrued interest.

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BRITA VIVREAU LIMITED

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

17.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
1,500,000
-

Accruals and deferred income
6,320
3,349

1,506,320
3,349


Amounts owed to group undertakings represents an unsecured loan from the Company's parent, BRITA SE, which bears interest at SONIA +1.5% and is repayable on 16 May 2027.


18.


Deferred taxation




2024


£






At beginning of year
228,736


Utilised in year
(239,313)



At end of year
(10,577)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(21,833)
217,287

Other short term timing differences
11,256
11,449

(10,577)
228,736

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BRITA VIVREAU LIMITED

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

19.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,200 (2023 - 10,200) Ordinary A shares of £0.01 each
102
102
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100

202

202

The Ordinary A shares carry all voting rights, rights to dividends and rights to the distribution of assets upon winding up of the Company. The Ordinary B Shares carry the rights to dividends, but carry no voting rights, and no rights to the distribution of assets upon winding up of the Company, other than the payment of amounts paid up on the Ordinary B shares in preference to any distribution to the holders of Ordinary A shares.



20.


Reserves

Share premium account

Share premium has been recognised on the issue of Ordinary A shares.

Profit and loss account

The Profit and loss account consists of fully-distributable reserves.

21.


Analysis of net debt




At 1 January 2024
Cash flows
At 31 December 2024
£

£

£

Cash at bank and in hand

695,887

222,752

918,639

Debt due after 1 year

-

(1,500,000)

(1,500,000)



22.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £313,708 (2023: £265,054). Contributions totalling £45,024 (2023: £40,794) were payable to the fund at the balance sheet date and are included in creditors.


23.


Major non-cash transactions

Included within purchase of tangible fixed assets is plant and machinery of £1,915,000 (2023: £2,171,000) relating to self-constructed assets reallocated from stock.

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BRITA VIVREAU LIMITED

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

24.


Operating lease income

At 31 December 2024 the Company was due to receive future operating lease income as follows:


2024
2023
£
£

Minimum lease income


Within one year
4,758,458
4,526,099

Between one and five years
8,339,733
7,694,955

Over five years
19,940
-

Total
13,118,131
12,221,054

Amounts disclosed above do not include income receivable under expired rental agreements that are subsequently continued on a rolling basis.


25.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
506,184
444,626

Later than 1 year and not later than 5 years
392,970
636,432

899,154
1,081,058


26.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly-owned part of the Group. As at the balance sheet date, the Company owed £2,102,806 (2023: £1,076,971) to fellow group companies.


27.


Post balance sheet events

On 15th May 2025 the Company announced the intention to exit the Uxbridge office and relocate the BRITA Vivreau office to BRITA House in Bicester, where the Consumer and Professional Business units are based. The move is expected to take place in Q2 2026.
Relocation to Bicester will unify all BRITA UK businesses in one location, behind one powerful brand and culture, providing the best opportunities for shared learning, innovation, collaboration and career development.

Page 33 -

 

BRITA VIVREAU LIMITED

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

28.


Controlling party

The ultimate controlling party of BRITA Vivreau Limited during the current and preceding year was BRITA SE by virtue of its 100% shareholding.
The controlling party of BRITA SE during the current and preceding year was Hanvest Holding GmbH, a company incorporated in Germany.

 
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