REGISTERED NUMBER: |
Abridged Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
BRYET LIMITED |
REGISTERED NUMBER: |
Abridged Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
BRYET LIMITED |
BRYET LIMITED (Registered number: 12091403) |
Contents of the Financial Statements |
for the Year Ended 31 July 2023 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
BRYET LIMITED |
Company Information |
for the Year Ended 31 July 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BRYET LIMITED (Registered number: 12091403) |
Abridged Statement of Financial Position |
31 July 2023 |
31.7.22 | 31.7.23 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CREDITORS |
107,144 | Amounts falling due within one year | 110,461 |
( |
) | NET CURRENT LIABILITIES | ( |
) |
( |
) | TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES | 6 |
( |
) | NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
10,203 | Called up share capital | 10,203 |
148,743 | Share Premium | 7 | 148,743 |
(265,056 | ) | Retained earnings | 7 | (269,650 | ) |
( |
) | ( |
) |
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. |
BRYET LIMITED (Registered number: 12091403) |
Abridged Statement of Financial Position - continued |
31 July 2023 |
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 |
BRYET LIMITED (Registered number: 12091403) |
Notes to the Financial Statements |
for the Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
BRYET LIMITED is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Computer Equipment | - |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income. |
BRYET LIMITED (Registered number: 12091403) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
3. | ACCOUNTING POLICIES - continued |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Creditors |
Short term creditors are measured at the transaction price. |
Going Concern |
The company was taken over by BRYET US Inc. in November 2020. This US entity is now providing financial assistance in order to clear any debt arising. As business operations have moved to this US parent undertaking, the company will soon be adopting a dormant status. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
BRYET LIMITED (Registered number: 12091403) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2022 |
and 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
6. | PROVISIONS FOR LIABILITIES |
31.7.23 | 31.7.22 |
£ | £ |
Deferred Tax | 243 | 243 |
Deferred |
tax |
£ |
Balance at 1 August 2022 |
Balance at 31 July 2023 |
7. | RESERVES |
Retained | Share |
Totals | earnings | Premium |
£ | £ | £ |
At 1 August 2022 | (116,313 | ) | (265,056 | ) | 148,743 |
Deficit for the year | (4,594 | ) | (4,594 | ) |
At 31 July 2023 | (120,907 | ) | (269,650 | ) | 148,743 |
Accumulated Losses |
Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments. |
BRYET LIMITED (Registered number: 12091403) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
8. | RELATED PARTY DISCLOSURES |
During the year, a total of £2,890 was lent by the parent company, BRYET US Inc. , in order to clear company's debts. By 31 July 2023, the closing balance towards this loan, which is unsecured, interest free and repayable on demand, was £107,146. |
At the year end, a sum of £212 (2022: £96) was payable to Hambro Perks Services Limited, a former associated company in respect of recharged expenses. This balance was paid on 7 August 2023. |
9. | POST BALANCE SHEET EVENTS |
The company was taken over by BRYET US Inc. in November 2020. As business operations have now moved to this US parent undertaking, the company will soon be adopting a dormant status. |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |