1 false false false false false false false false false false true false false false false false false No description of principal activity 2021-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,163 12,735 1,030 13,765 398 1,428 xbrli:pure xbrli:shares iso4217:GBP 07301921 2021-07-01 2022-06-30 07301921 2022-06-30 07301921 2021-06-30 07301921 2020-07-01 2021-06-30 07301921 2021-06-30 07301921 2020-06-30 07301921 bus:Director1 2021-07-01 2022-06-30 07301921 core:WithinOneYear 2022-06-30 07301921 core:WithinOneYear 2021-06-30 07301921 core:ShareCapital 2022-06-30 07301921 core:ShareCapital 2021-06-30 07301921 core:RetainedEarningsAccumulatedLosses 2022-06-30 07301921 core:RetainedEarningsAccumulatedLosses 2021-06-30 07301921 bus:SmallEntities 2021-07-01 2022-06-30 07301921 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 07301921 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 07301921 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 07301921 bus:FullAccounts 2021-07-01 2022-06-30 07301921 core:OfficeEquipment 2021-07-01 2022-06-30 07301921 core:OfficeEquipment 2022-06-30 07301921 core:OfficeEquipment 2021-06-30
COMPANY REGISTRATION NUMBER: 07301921
Brankley Consulting Limited
Filleted Unaudited Financial Statements
30 June 2022
Brankley Consulting Limited
Financial Statements
Year ended 30 June 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Brankley Consulting Limited
Statement of Financial Position
30 June 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
398
1,428
Current assets
Debtors
6
442,729
Cash at bank and in hand
539,232
148,508
---------
---------
539,232
591,237
Creditors: amounts falling due within one year
7
83,043
109,169
---------
---------
Net current assets
456,189
482,068
---------
---------
Total assets less current liabilities
456,587
483,496
Provisions
Taxation including deferred tax
75
271
---------
---------
Net assets
456,512
483,225
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
456,412
483,125
---------
---------
Shareholders funds
456,512
483,225
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brankley Consulting Limited
Statement of Financial Position (continued)
30 June 2022
These financial statements were approved by the board of directors and authorised for issue on 29 November 2023 , and are signed on behalf of the board by:
Mr T W Brankley
Director
Company registration number: 07301921
Brankley Consulting Limited
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
Office Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tangible assets
Office Equipment
Total
£
£
Cost
At 1 July 2021 and 30 June 2022
14,163
14,163
--------
--------
Depreciation
At 1 July 2021
12,735
12,735
Charge for the year
1,030
1,030
--------
--------
At 30 June 2022
13,765
13,765
--------
--------
Carrying amount
At 30 June 2022
398
398
--------
--------
At 30 June 2021
1,428
1,428
--------
--------
6. Debtors
2022
2021
£
£
Other debtors
442,729
----
---------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
78,229
71,025
Social security and other taxes
12,636
Other creditors
4,814
25,508
--------
---------
83,043
109,169
--------
---------
8. Related party transactions
At the year end the company owed the director £1,214 (2021: £18,308). At the year end the company was owed £nil (2021: £442,729) by a related party associated by common control.