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REGISTERED NUMBER: 03412671 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2022

for

Brainstorm Communications Limited

Brainstorm Communications Limited (Registered number: 03412671)

Contents of the Financial Statements
for the Year Ended 30 November 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Brainstorm Communications Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: A Shankland





SECRETARY: A Shankland





REGISTERED OFFICE: The Old Barn
Kings Lane
Cookham Dean
Berkshire
SL6 9AY





REGISTERED NUMBER: 03412671 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Brainstorm Communications Limited (Registered number: 03412671)

Statement of Financial Position
30 November 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,643 42,167

CURRENT ASSETS
Stocks 5 20,678 32,124
Debtors 6 337,550 563,416
Cash at bank and in hand 261,024 172,434
619,252 767,974
CREDITORS
Amounts falling due within one year 7 (234,036 ) (396,747 )
NET CURRENT ASSETS 385,216 371,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,859

413,394

CREDITORS
Amounts falling due after more than one
year

8

(246,667

)

(326,667

)
NET ASSETS 175,192 86,727

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 1 1
Retained earnings 175,091 86,626
175,192 86,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2023 and were signed by:



A Shankland - Director


Brainstorm Communications Limited (Registered number: 03412671)

Notes to the Financial Statements
for the Year Ended 30 November 2022


1. STATUTORY INFORMATION

Brainstorm Communications Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents the value of the services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due for projects completed during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Government grants
Grants comprise amounts received under the Government's business support schemes and are recognised in the Income Statement once the relevant performance conditions have been met.

Work in progress
Work in progress reflects the accrual of the right to consideration by reference to the value of the work performed.

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 Statement of Financial Position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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.

Leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Brainstorm Communications Limited (Registered number: 03412671)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


2. ACCOUNTING POLICIES - continued

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 Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2021 387,112
Additions 7,454
At 30 November 2022 394,566
DEPRECIATION
At 1 December 2021 344,945
Charge for year 12,978
At 30 November 2022 357,923
NET BOOK VALUE
At 30 November 2022 36,643
At 30 November 2021 42,167

5. STOCKS
2022 2021
£    £   
Work in progress 20,678 32,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 219,295 378,372
Other debtors 38,899 87,139
Director's current account 49,257 68,700
VAT 16,869 18,659
Prepayments and accrued income 13,230 10,546
337,550 563,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 80,000 73,333
Trade creditors 114,293 158,345
Social security and other taxes 9,283 16,768
Accruals and deferred income 30,460 148,301
234,036 396,747

Brainstorm Communications Limited (Registered number: 03412671)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 80,000 80,000
Bank loans - 2-5 years 166,667 240,000
Bank loans more than 5 years - 6,667
246,667 326,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 6,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 16,000 16,000
Between one and five years 2,667 18,667
18,667 34,667

10. SECURED DEBTS

National Westminster Bank PLC holds a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, plant and machinery.

A Shankland has given a personal guarantee of £30,000 over the overdraft.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

2022 2021
£    £   
A Shankland
Balance outstanding at start of year 68,700 58,951
Amounts advanced 49,557 68,749
Amounts repaid (69,000 ) (59,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,257 68,700

The above loan is unsecured, repayable on demand and chargeable to interest at the official HMRC beneficial loan arrangement rate.