Company Registration No. 07446641 (England and Wales)
BRITE ADVICE LTD
Unaudited accounts
for the year ended 30 November 2024
BRITE ADVICE LTD
Unaudited accounts
Contents
BRITE ADVICE LTD
Company Information
for the year ended 30 November 2024
Director
Kulvinder Singh REYATT
Company Number
07446641 (England and Wales)
Registered Office
12 SHALLOWFORD GROVE
FURZTON
MILTON KEYNES
BUCKINGHAMSHIRE
MK4 1ND
Accountants
Arth Limited
655 Milton Keynes Business Centre
Hayley Court
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD
BRITE ADVICE LTD
Statement of financial position
as at 30 November 2024
Tangible assets
20,569
30,518
Cash at bank and in hand
(14,645)
(22,087)
Creditors: amounts falling due within one year
(22,750)
(18,659)
Net current (liabilities)/assets
(29,953)
23
Total assets less current liabilities
(9,384)
30,541
Creditors: amounts falling due after more than one year
(20,750)
(26,507)
Net (liabilities)/assets
(30,134)
4,034
Called up share capital
100
100
Profit and loss account
(30,234)
3,934
Shareholders' funds
(30,134)
4,034
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 20 August 2025 and were signed on its behalf by
Kulvinder Singh REYATT
Director
Company Registration No. 07446641
BRITE ADVICE LTD
Notes to the Accounts
for the year ended 30 November 2024
BRITE ADVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 07446641. The registered office is 12 SHALLOWFORD GROVE, FURZTON, MILTON KEYNES, BUCKINGHAMSHIRE, MK4 1ND.
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% & 15% Straight Line
Motor vehicles
15% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
25% Straight Line
The financial statements have been prepared on a going concern basis, which assumes the company will be able to realize its assets and discharge its liabilities in the normal course of business. However, the company has experienced significant operating losses and negative cash flows, raising substantial doubt about its ability to continue as a going concern. Management plans to address these issues by securing additional financing through a private placement of securities and implementing cost-cutting measures.
The financial statements do not include any adjustments to reflect the possible effects on the company if it were unable to continue as a going concern.
BRITE ADVICE LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
16,695
30,583
8,837
16,121
72,236
At 30 November 2024
16,695
30,583
8,837
16,121
72,236
At 1 December 2023
5,367
16,927
3,950
15,474
41,718
Charge for the year
3,389
4,588
1,325
647
9,949
At 30 November 2024
8,756
21,515
5,275
16,121
51,667
At 30 November 2024
7,939
9,068
3,562
-
20,569
At 30 November 2023
11,328
13,656
4,887
647
30,518
Amounts falling due within one year
Accrued income and prepayments
1,395
1,680
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Taxes and social security
145
4,760
Loans from directors
12,333
(5,994)
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 1 (2023: 1).