REGISTERED NUMBER: 09241203 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BRITFIN TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Kola

SECRETARY:

S Kotha

REGISTERED OFFICE:

150 Sandy Lane South

Wallington

London

SM6 9NR

REGISTERED NUMBER:

09241203 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Intangible assets

4

916

1,099

Tangible assets

5

3,557

1,024

4,473

2,123

CURRENT ASSETS

Debtors

6

41,213

50,715

Cash at bank

38,001

44,591

79,214

95,306

CREDITORS

Amounts falling due within one year

7

20,882

10,908

NET CURRENT ASSETS

58,332

84,398

TOTAL ASSETS LESS CURRENT LIABILITIES

62,805

86,521

CREDITORS

Amounts falling due after more than one year

8

(12,508

)

(21,658

)

PROVISIONS FOR LIABILITIES

(889

)

(195

)

NET ASSETS

49,408

64,668

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,308

64,568

SHAREHOLDERS' FUNDS

49,408

64,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 2025 and were signed by:

P Kola - Director

1.	STATUTORY INFORMATION

Britfin Technologies 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.

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.

Domain names are being amortised evenly over their estimated useful life of ten 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 etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 30 September 2024

1,832

AMORTISATION

At 1 October 2023

733

Charge for year

183

At 30 September 2024

916

NET BOOK VALUE

At 30 September 2024

916

At 30 September 2023

1,099

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

4,971

Additions

3,719

At 30 September 2024

8,690

DEPRECIATION

At 1 October 2023

3,947

Charge for year

1,186

At 30 September 2024

5,133

NET BOOK VALUE

At 30 September 2024

3,557

At 30 September 2023

1,024

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

41,213

1,265

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

-

49,450

Aggregate amounts

41,213

50,715

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

-

720

Taxation and social security

10,400

187

Other creditors

482

1

20,882

10,908

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

12,508

21,658

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

P Kola

Balance outstanding at start of year

1,265

(602

)

Amounts advanced

90,190

2,317

Amounts repaid

(60,641

)

(450

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,814

1,265

Interest was charged on the loan at a rate of 2.25% per annum.

10.	ULTIMATE CONTROLLING PARTY

No individual has ultimate control of the company.