REGISTERED NUMBER: 06035964 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRICESCO LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

105,491

123,231

105,491

123,231

CURRENT ASSETS

Stocks

599,962

495,420

Debtors

6

771,115

734,801

1,371,077

1,230,221

CREDITORS

Amounts falling due within one year

7

824,781

801,619

NET CURRENT ASSETS

546,296

428,602

TOTAL ASSETS LESS CURRENT LIABILITIES

651,787

551,833

CREDITORS

Amounts falling due after more than one year

8

318,734

289,498

NET ASSETS

333,053

262,335

CAPITAL AND RESERVES

Called up share capital

42,228

42,228

Capital redemption reserve

16,695

16,695

Retained earnings

274,130

203,412

333,053

262,335

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 Statement of Income and Retained Earnings 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:

Mrs K R E Yeoman - Director

1.	STATUTORY INFORMATION

Bricesco Limited is a private company, limited by shares, registered in England and Wales, registered number 06035964. Its registered office is Unit 101 Bentley Road South, Wednesbury, England, WS10 8LQ.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.

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.

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 etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and other loans 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 receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

37,800

AMORTISATION

At 1 January 2024

and 31 December 2024

37,800

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

457,615

Additions

7,133

At 31 December 2024

464,748

DEPRECIATION

At 1 January 2024

334,384

Charge for year

24,873

At 31 December 2024

359,257

NET BOOK VALUE

At 31 December 2024

105,491

At 31 December 2023

123,231

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

520,152

260,432

Other debtors

250,963

474,369

771,115

734,801

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

129,720

94,959

Hire purchase contracts (see note 9)

1,177

6,924

Trade creditors

510,371

592,014

Taxation and social security

41,843

43,533

Other creditors

141,670

64,189

824,781

801,619

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

56,667

136,667

Hire purchase contracts (see note 9)

-

1,195

Other creditors

262,067

151,636

318,734

289,498

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans

51,190

23,729

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

1,177

6,924

Between one and five years

-

1,195

1,177

8,119

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

108,452

109,349

Between one and five years

310,938

388,723

In more than five years

72,000

72,000

491,390

570,072

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

1,177

8,119

Other loans

342,738

185,239

343,915

193,358

Hire purchase liabilities are secured against the assets acquired.

Other loans are secured by way of fixed and floating charges against the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mrs K R E Yeoman

Balance outstanding at start of year

27,382

29,412

Amounts advanced

116,385

64,185

Amounts repaid

(138,673

)

(66,215

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,094

27,382

S E Kitson

Balance outstanding at start of year

81,021

43,723

Amounts advanced

61,277

59,352

Amounts repaid

(137,204

)

(22,054

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,094

81,021

R J Bridgewater

Balance outstanding at start of year

109,320

74,806

Amounts advanced

53,533

54,252

Amounts repaid

(162,853

)

(19,738

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

109,320

The above amounts were unsecured, interest free and repayable on demand.