Accounts Submission

Accounts Submission

BRG INFOTECH LIMITED - Company Information

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BRG INFOTECH LIMITED

Company Registration Number:
07661174 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

Page 1

BRG INFOTECH LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

Page 2

BRG INFOTECH LIMITED

Company Information

for the Period Ended 30 June 2020




Director: Vikas Garg
Secretary: Nidhi Gupta
Registered office: Suite G10
23 Austin Friars
London
GBR
EC2N 2QP
Company Registration Number: 07661174 (England and Wales)

Page 3

BRG INFOTECH LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
£
2019
£
Fixed assets
Tangible assets: 5 29,563 38,835
Total fixed assets: 29,563 38,835
Current assets
Debtors: 6 42,559 95,948
Cash at bank and in hand: 266,068 196,460
Total current assets: 308,627 292,408
Creditors: amounts falling due within one year: 7 ( 46,418 ) ( 36,627 )
Net current assets (liabilities): 262,209 255,781
Total assets less current liabilities: 291,772 294,616
Total net assets (liabilities): 291,772 294,616

The notes form part of these financial statements

Page 4

BRG INFOTECH LIMITED

Balance sheet continued

As at 30 June 2020


Notes
2020
£
2019
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 291,672 294,516
Shareholders funds: 291,772 294,616

For the year ending 30 June 2020 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 August 2020
And Signed On Behalf Of The Board By:

Name: Vikas Garg
Status: Director

The notes form part of these financial statements

Page 5

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

    Tangible fixed assets depreciation policy

    Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

    Motor vehicles - 25% Reducing balance
    Office equipment - 25% Reducing balance

Page 6

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

  • 2. Employees


    2020
    2019
    Average number of employees during the period 4 1

Page 7

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

  • 3. Off balance sheet disclosure

    No

Page 8

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Dividends


2020
£
2019
£
Dividends paid 100,000 20,000

Page 9

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

5. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 July 2019 833 90,942 91,775
Additions 583 - 583
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 June 2020 1,416 90,942 92,358
Depreciation
At 01 July 2019 364 52,576 52,940
Charge for year 263 9,592 9,855
On disposals - - -
Other adjustments - - -
At 30 June 2020 627 62,168 62,795
Net book value
At 30 June 2020 789 28,774 29,563
At 30 June 2019 469 38,366 38,835

Page 10

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

6. Debtors


2020
£
2019
£
Trade debtors 21,609 16,200
Other debtors 20,950 79,748
Total 42,559 95,948

1. Other debtors include S455 surcharge on Director's loan.
2. Reduction in Other debtors is due to directors's loan being repaid in full.

Page 11

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

7.Creditors: amounts falling due within one year note


2020
£
2019
£
Taxation and social security 40,407 36,147
Other creditors 6,011 480
Total 46,418 36,627

Other creditors include salaries for June payable after 30-Jun-2020

Page 12

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

8.1. Loans to Directors

Name of director receiving advance or credit: Vikas Garg
Description of the transaction:
The outstanding director's loan has been repaid during this period
Balance at 01 July 2019 62,169
Advances or credits repaid: 62,169
Balance at 30 June 2020 0

Outstanding loan was repaid in full during this period.

Page 13

BRG INFOTECH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

9.1.Related party disclosures

Name of related party: Vikas Garg
Description of relationship:
Director
Description of the transaction:
Repayment of director's loan
Balance at 01 July 2019 62,169
Balance at 30 June 2020 0

Page 14