Company Registration No. 13575384 (England and Wales)
BRIT BAZAR LTD
Unaudited accounts
for the year ended 31 August 2025
BRIT BAZAR LTD
Unaudited accounts
Contents
BRIT BAZAR LTD
Company Information
for the year ended 31 August 2025
Company Number
13575384 (England and Wales)
Registered Office
UNIT 2 4 SUTTON STREET
STEPNEY
LONDON
E1 0BB
UNITED KINGDOM
BRIT BAZAR LTD
Statement of financial position
as at 31 August 2025
Tangible assets
26,680
32,490
Inventories
520,377
427,251
Cash at bank and in hand
18,868
13,415
Creditors: amounts falling due within one year
(616,941)
(522,194)
Net current liabilities
(30,205)
(54,046)
Net liabilities
(3,525)
(21,556)
Called up share capital
1
1
Profit and loss account
(3,526)
(21,557)
Shareholders' funds
(3,525)
(21,556)
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2026 and were signed on its behalf by
Akther HUSSAN
Director
Company Registration No. 13575384
BRIT BAZAR LTD
Notes to the Accounts
for the year ended 31 August 2025
BRIT BAZAR LTD is a private company, limited by shares, registered in England and Wales, registration number 13575384. The registered office is UNIT 2 4 SUTTON STREET, STEPNEY, LONDON, E1 0BB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
OVER 5 YEARS
Fixtures & fittings
OVER 5 YEARS
BRIT BAZAR LTD
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2024
9,680
49,368
59,048
At 31 August 2025
9,680
56,868
66,548
At 1 September 2024
1,936
24,622
26,558
Charge for the year
1,936
11,374
13,310
At 31 August 2025
3,872
35,996
39,868
At 31 August 2025
5,808
20,872
26,680
At 31 August 2024
7,744
24,746
32,490
Amounts falling due within one year
Trade debtors
47,491
27,482
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
570,655
453,100
Taxes and social security
2,456
-
Loans from directors
38,243
60,243
7
Average number of employees
During the year the average number of employees was 14 (2024: 14).