REGISTERED NUMBER: 04185316 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

BRITEST LTD

Page

Company Information

1

to

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Dr B Murphy

Prof P N Sharratt

A M Hanrahan

R McCabe

Dr M Purdie

M J Babcock

Dr L Tully

Dr J J Cummins

Prof S M Howdle

F A R Vicente

J M Pastilha

Prof M Shire

D J W Winterborn

N J Plant

S W Kingman

I Patel

G P Reid

V Keidel

A P Harvey

G Barini

A P G Beevers

D J E Spencer

E B Martin

S P Marsden

U R Pandya

W R F Goundry

SECRETARY:

Aldwich Secretaries Ltd

REGISTERED OFFICE:

9400 Garsington Road

Oxford Business Park

Oxford

Oxfordshire

OX4 2HN

REGISTERED NUMBER:

04185316 (England and Wales)

AUDITORS:

Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

4,221

7,212

CURRENT ASSETS

Debtors

5

157,541

201,367

Cash at bank

373,542

222,154

531,083

423,521

CREDITORS

Amounts falling due within one year

6

429,621

351,353

NET CURRENT ASSETS

101,462

72,168

TOTAL ASSETS LESS CURRENT LIABILITIES

105,683

79,380

RESERVES

Income and expenditure account

105,683

79,380

105,683

79,380

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 October 2018 and were signed on its behalf by:

Dr B Murphy - Director

1.	STATUTORY INFORMATION

Britest Ltd is a private company, limited by guarantee , 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Membership Subscriptions income is accounted for on an accruals basis.

Training income is accounted for an accruals basis.

Grants and other contributions are accounted for on an accruals basis and recognised in the accounting

statements when the conditions for their receipt have been complied with and there is reasonable assurance that

the grant or contribution will be received.

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 etc

-

33% on cost and 25% on reducing balance

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

12,544

Additions

544

At 30 June 2018

13,088

DEPRECIATION

At 1 July 2017

5,332

Charge for year

3,535

At 30 June 2018

8,867

NET BOOK VALUE

At 30 June 2018

4,221

At 30 June 2017

7,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/18

30/6/17

£

£

Trade debtors

110,028

152,463

Other debtors

47,513

48,904

157,541

201,367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/18

30/6/17

£

£

Trade creditors

1,782

6,885

Taxation and social security

61,678

60,763

Other creditors

366,161

283,705

429,621

351,353

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Wright (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

8.	ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.

9.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have share capital. The liability of the members

in accordance with the Memorandum of Association is limited to £1.