REGISTERED NUMBER: 11881497 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Brix Subs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Farris Hamed Alnaqeeb

REGISTERED OFFICE:

144-146 Kings Cross Road

London

WC1X 9DU

REGISTERED NUMBER:

11881497 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

173,648

190,762

CURRENT ASSETS

Inventories

5,197

4,597

Debtors

5

20,444

33,155

Cash at bank and in hand

38,213

43,768

63,854

81,520

CREDITORS

Amounts falling due within one year

6

307,368

274,869

NET CURRENT LIABILITIES

(243,514

)

(193,349

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,866

)

(2,587

)

CREDITORS

Amounts falling due after more than one year

7

-

30,154

NET LIABILITIES

(69,866

)

(32,741

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(69,966

)

(32,841

)

SHAREHOLDERS' FUNDS

(69,866

)

(32,741

)

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 director acknowledges his 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 director and authorised for issue on 17 September 2025 and were signed by:

Mr Farris Hamed Alnaqeeb - Director

1.	STATUTORY INFORMATION

Brix Subs 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible Fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold Property Over the Period of the lease

Fixtures, Fittings & Equipment 8.33% reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

20,100

193,373

213,473

DEPRECIATION

At 1 January 2024

5,406

17,305

22,711

Charge for year

2,448

14,666

17,114

At 31 December 2024

7,854

31,971

39,825

NET BOOK VALUE

At 31 December 2024

12,246

161,402

173,648

At 31 December 2023

14,694

176,068

190,762

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,628

12,746

Other debtors

16,816

20,409

20,444

33,155

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

65,386

60,508

Taxation and social security

9,523

-

Other creditors

232,459

214,361

307,368

274,869

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

30,154

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100