BR Pharmaceuticals Limited Filleted accounts for Companies House (small and micro)
BR Pharmaceuticals Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03164815
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Net assets |
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Statement of Financial Position (continued) |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Share premium account |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 July 2021
, and are signed on behalf of the board by:
Director
Company registration number:
03164815
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Notes to the Financial Statements |
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Clayton Wood Close, West Park Ring Road, Leeds, West Yorkshire, LS16 6QE, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Foreign currencies
Operating leases
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Trade marks |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Equipment |
- |
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Freehold property in not being depreciated as the directors believe that the depreciation charge for the year and the accumulated depreciation to date are immaterial due to the high residual value of the property. The company has a policy and practice of regular maintenance and repair of the building to keep it at its previously assessed standard of performance which maintains the residual value.
Stocks
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2019:
12
).
5.
Intangible assets
Patents, trademarks and licences |
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£ |
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Cost |
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At 1 January 2020 |
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Additions |
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At 31 December 2020 |
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Amortisation |
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At 1 January 2020 |
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Charge for the year |
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At 31 December 2020 |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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6.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2020 |
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Additions |
– |
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At 31 December 2020 |
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Depreciation |
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At 1 January 2020 |
– |
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Charge for the year |
– |
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At 31 December 2020 |
– |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Other creditors |
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10.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed.
11.
Control
The company was under the control of its directors throughout this and the previous year.