Breviter Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07480425 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Breviter Ltd

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

M G Hopkin

REGISTERED OFFICE:

The Bell Inn/29 High Street

Avening

Tetbury

Gloucestershire

GL8 8NF

REGISTERED NUMBER:

07480425 (England and Wales)

ACCOUNTANTS:

Taylor Hobbs

Cherry Tree Barn

Walcot Lane

Drakes Broughton

Pershore

Worcestershire

WR10 2AL

The director presents his report with the financial statements of the company for the year ended 31 December 2021.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of pub management.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

M G Hopkin has held office during the whole of the period from 1 January 2021 to the date of this report.

Other changes in directors holding office are as follows:

G Hopkin - resigned 25 October 2021

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

`:

M G Hopkin - Director

9 May 2022

FIXED ASSETS

Tangible assets

4

1,948

1,436

CURRENT ASSETS

Stocks

5

470

1,224

Debtors

6

1,096

3,836

Cash at bank and in hand

99,675

71,356

101,241

76,416

CREDITORS

Amounts falling due within one year

7

28,427

10,849

NET CURRENT ASSETS

72,814

65,567

TOTAL ASSETS LESS CURRENT LIABILITIES

74,762

67,003

CREDITORS

Amounts falling due after more than one year

8

(37,500

)

(47,500

)

PROVISIONS FOR LIABILITIES

(370

)

(273

)

NET ASSETS

36,892

19,230

CAPITAL AND RESERVES

Called up share capital

202

202

Retained earnings

36,690

19,028

SHAREHOLDERS' FUNDS

36,892

19,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2022 and were signed by:

M G Hopkin - Director

1.	STATUTORY INFORMATION

Breviter Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Government grants

The company has adopted the accrual model for grants. Government grants relating to revenue expenditure are recognized in income on a systematic basis over the periods in which the entity recognizes the related costs for which the grant is intended to compensate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The Director has considered the consequences of COVID-19 and other events and conditions and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2021

1,100

615

591

2,306

Additions

-

224

774

998

At 31 December 2021

1,100

839

1,365

3,304

DEPRECIATION

At 1 January 2021

494

207

169

870

Charge for year

121

126

239

486

At 31 December 2021

615

333

408

1,356

NET BOOK VALUE

At 31 December 2021

485

506

957

1,948

At 31 December 2020

606

408

422

1,436

5.

STOCKS

31.12.21

31.12.20

£

£

Stocks

470

1,224

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Prepayments

1,096

3,836

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

10,000

2,500

Trade creditors

1,474

1,283

Tax

7,095

2,699

Social security and other taxes

(152

)

(122

)

Pension control

-

(34

)

VAT

5,061

1,149

Other creditors

(6

)

-

Directors' current accounts

2,772

429

Accrued expenses

2,183

2,945

28,427

10,849

The Company took out a Bounce Back Loan of £50,000 on 21st September 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due within 1 year is an amount of £10,000. Repayments of £833.33 commenced in October 2021.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans - 2-5 years

30,000

40,000

Bank loans more 5 yr by instal

7,500

7,500

37,500

47,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,500

7,500

The Company took out a Bounce Back Loan of £50,000 on 21st September 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due after more than 1 year is an amount of £37,500. Repayments of £833.33 commenced in October 2021.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year, the company owes the directors £2,772

10.	POST BALANCE SHEET EVENTS

After the financial year end, the Company ceased to trade out of the premises shown in the financial statements and is currently seeking new premises to continue to trade.