BRI (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04130230 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BRI (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Auburn

T Guthrie

J Rimmer

J W Warburton

REGISTERED OFFICE:

100-102 St James Road

Northampton

Northamptonshire

NN5 5LF

REGISTERED NUMBER:

04130230 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,122

10,245

Investments

6

8

6

5,130

10,251

CURRENT ASSETS

Debtors

7

1,047,778

995,566

Cash at bank

340,420

312,646

1,388,198

1,308,212

CREDITORS

Amounts falling due within one year

8

48,239

50,600

NET CURRENT ASSETS

1,339,959

1,257,612

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345,089

1,267,863

CAPITAL AND RESERVES

Called up share capital

9

154

Capital redemption reserve

70

Retained earnings

1,344,865

1,267,639

SHAREHOLDERS' FUNDS

1,345,089

1,267,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 4 October 2025 and were signed on its behalf by:

J W Warburton - Director

1.	STATUTORY INFORMATION

BRI (UK) 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.

Preparation of consolidated financial statements

The financial statements contain information about BRI (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the management charges payable by the subsidiary companies for the period.

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.

Computer hardware

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Goodwill

Acquired goodwill has been written off in equal instalments over its estimated useful economic life of 10 years. This goodwill was fully written by 31 March 2012.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

477,725

AMORTISATION

At 1 April 2024

and 31 March 2025

477,725

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

hardware

£

COST

At 1 April 2024

and 31 March 2025

15,368

DEPRECIATION

At 1 April 2024

5,123

Charge for year

5,123

At 31 March 2025

10,246

NET BOOK VALUE

At 31 March 2025

5,122

At 31 March 2024

10,245

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

6

Additions

2

At 31 March 2025

8

NET BOOK VALUE

At 31 March 2025

8

At 31 March 2024

6

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

1,007,723

965,908

Other debtors

5,174

4,514

Corporation Tax

15,650

-

Directors' loan accounts

8,550

13,544

VAT

10,681

11,600

1,047,778

995,566

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

(148

)

(281

)

Amounts owed to group undertakings

2

-

Corporation Tax

-

10,977

Social security and other taxes

43,064

35,262

Pension liability

5,321

4,642

48,239

50,600

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

153,845

Ordinary

£0.00

1

154

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

J W Warburton

Balance outstanding at start of year

168

-

Amounts advanced

2,120

168

Amounts repaid

(1,400

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

888

168

Mrs L Auburn

Balance outstanding at start of year

6,590

10,640

Amounts repaid

(2,857

)

(4,050

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,733

6,590

T Guthrie

Balance outstanding at start of year

6,786

10,836

Amounts repaid

(2,857

)

(4,050

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,929

6,786

J Rimmer

Balance outstanding at start of year

-

7,370

Amounts repaid

-

(7,370

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	RELATED PARTY DISCLOSURES

The Company has an associated Employee Ownership Trust. During the year, the company contributed £220,000 to the Employee Ownership Trust in order to finance payments due under the terms of the Trust's creation.