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Britcher & Rivers Ltd
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Notes to the financial statements
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for the year ended 31 January 2025
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1
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Company information
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Britcher & Rivers Ltd is a private company registered in England and Wales. Its registered number is
03532630. The company is limited by shares. Its registered office is 109 High Street, Rye, East Sussex,
TN31 7JE.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Going concern
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In preparing these financial statements, the director has assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the director takes into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The director considers that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
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Tangible fixed assets
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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Land and buildings:
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Freehold Property
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-
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The directors have revalued the property to market
value at 31st January 2025. Deferred tax is provided on
the underlying capital gain
In the opinion of the directors the market value of the
company's freehold property is substantially in excess
of cost and accordingly no deprecation is provided.
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Plant and machinery etc.:
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Fixtures & fittings
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-
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20% reducing balance
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Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.
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3
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