ACCOUNTS - Final Accounts preparation

Registered number: 13953772

BRESTEK LTD

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2025

BRESTEK LTD

Company Information

Directors	N Brereton
	S J Laycock


Registered number	13953772


Registered office	Unit 28
	Carbrook Business Park
	Dunlop Street
	Sheffield
	South Yorkshire
	S9 2HR

BRESTEK LTD

Registered number: 13953772

Balance sheet

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Investments			4,827		-
			4,827		-
Current assets
Debtors		30,362		265,618
Cash at bank and in hand	5	33		687
		30,395		266,305
Creditors: amounts falling due within one year		(31,764)		(262,900)
Net current (liabilities)/assets			(1,369)		3,405
Total assets less current liabilities			3,458		3,405

Net assets			3,458		3,405

Capital and reserves
Called up share capital	6	200	200
Profit and loss account		3,258	3,205
		3,458	3,405

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

N Brereton

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

BRESTEK LTD

Notes to the financial statements

For the year ended 31 March 2025

1.	General information

Brestek Ltd is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

BRESTEK LTD

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is

Page 3

BRESTEK LTD

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.10

Financial instruments (continued)

recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 -2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	4,827
	At 31 March 2025	4,827

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	33	687
	33	687

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

200 (2024 -200) Ordinary shares of £1.00 each	200	200

Page 4

BRESTEK LTD

Notes to the financial statements

For the year ended 31 March 2025

7.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to Nil (2024: £6,620).during the year. Contributions totalling Nil (2024: £1,103) were payable to the fund at the balance sheet date and are included in creditors.

Related party transactions

During the year, the company received management charges of £41,825 (2024: £171,000) from seperate companies controlled by the shareholders. An amount of £29,220 (2024: £264,000) was still outstanding at the financial year end.

The company was in receipt of a loan from a company controlled by the shareholders which is unsecured, interest free and repayable on demand. The balance at the financial year end was £Nil (2024: £236,530).

During the year, the company paid management charges of £2,439 (2024: £14,400) to a seperate company controlled by thr shareholders. The balance owing at the financial year end was £20,067 (2024; £18,900).

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