REGISTERED NUMBER: 03034893 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE BRITISH CONNECTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R T Mirpuri

H T Mirpuri

M T Mirpuri

SECRETARY:

H T Mirpuri

REGISTERED OFFICE:

Unit 1, Towers Business Park

Carey Way

Wembley

HA9 0LQ

REGISTERED NUMBER:

03034893 (England and Wales)

ACCOUNTANTS:

SRG Newmans Ltd

Chartered Certified Accountants

Five Ways

57/59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Intangible assets

4

9,771

10,285

Tangible assets

5

5,472

6,161

15,243

16,446

CURRENT ASSETS

Stocks

281,888

285,945

Debtors

6

111,445

90,041

Cash at bank and in hand

14,913

9,580

408,246

385,566

CREDITORS

Amounts falling due within one year

7

209,128

181,500

NET CURRENT ASSETS

199,118

204,066

TOTAL ASSETS LESS CURRENT LIABILITIES

214,361

220,512

CREDITORS

Amounts falling due after more than one year

8

38,154

45,000

NET ASSETS

176,207

175,512

CAPITAL AND RESERVES

Called up share capital

15,100

15,100

Retained earnings

161,107

160,412

SHAREHOLDERS' FUNDS

176,207

175,512

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 directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M T Mirpuri - Director

1.	STATUTORY INFORMATION

The British Connection 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

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

18,697

AMORTISATION

At 1 January 2024

8,412

Charge for year

514

At 31 December 2024

8,926

NET BOOK VALUE

At 31 December 2024

9,771

At 31 December 2023

10,285

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

10,697

8,310

19,007

Additions

277

-

277

At 31 December 2024

10,974

8,310

19,284

DEPRECIATION

At 1 January 2024

5,809

7,037

12,846

Charge for year

775

191

966

At 31 December 2024

6,584

7,228

13,812

NET BOOK VALUE

At 31 December 2024

4,390

1,082

5,472

At 31 December 2023

4,888

1,273

6,161

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,408

33,750

Other debtors

109,037

56,291

111,445

90,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

30,000

30,001

Trade creditors

121,501

69,057

Taxation and social security

9,264

14,754

Other creditors

48,363

67,688

209,128

181,500

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

15,000

45,000

Other creditors

23,154

-

38,154

45,000

9.	SECURED DEBTS

There is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery see image for full details.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £39,973 (2023: £7,384) by Rough Cut Casuals Limited, £1,718 (2023: £1,684) by Europa Hall Fashions Limited, and £1,359 (2023: £846) by The Magic Group of Companies.

Within other creditors are amounts owing to the directors. Nil (2023: £5,659) to H T Mirpuri, nil (2023: £12,783) to M T Mirpuri, and nil (2023: £10,666) to R T Mirpuri.

Within other debtors is the amount owed by the director H T Mirpuri for £11,245 (2023: nil).

11.	ULTIMATE CONTROLLING PARTY

The company is owned in equal shares by the brothers, M T Mirpuri, H T Mirpuri, and R T Murpuri.