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Company Registration No. 11803297 (England and Wales)
Bringo Group Ltd Unaudited accounts for the year ended 31 March 2023
Bringo Group Ltd Unaudited accounts Contents
Page
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Bringo Group Ltd Company Information for the year ended 31 March 2023
Director
Alexander Suvorov
Company Number
11803297 (England and Wales)
Registered Office
20 HAMMERSMITH BROADWAY LONDON W6 7AF ENGLAND
Accountants
Q Accountants Ltd 411 Oxford Street Office 1.01 London W1C 2PE
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Bringo Group Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
203,100 
182,605 
Tangible assets
571,430 
198,135 
Investments
83,832 
83,832 
858,362 
464,572 
Current assets
Debtors
4,359,282 
1,041,955 
Cash at bank and in hand
11,490 
3,666 
4,370,772 
1,045,621 
Creditors: amounts falling due within one year
(3,052,496)
(169,377)
Net current assets
1,318,276 
876,244 
Total assets less current liabilities
2,176,638 
1,340,816 
Creditors: amounts falling due after more than one year
(39,175)
(49,175)
Provisions for liabilities
Deferred tax
(135,205)
(37,646)
Net assets
2,002,258 
1,253,995 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,001,258 
1,252,995 
Shareholders' funds
2,002,258 
1,253,995 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 December 2023 and were signed on its behalf by
Alexander Suvorov Director Company Registration No. 11803297
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Bringo Group Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Bringo Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11803297. The registered office is 20 HAMMERSMITH BROADWAY, LONDON, W6 7AF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% SLM
Computer equipment
25% SLM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
187,287 
Additions
44,102 
At 31 March 2023
231,389 
Amortisation
At 1 April 2022
4,682 
Charge for the year
23,607 
At 31 March 2023
28,289 
Net book value
At 31 March 2023
203,100 
At 31 March 2022
182,605 
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Bringo Group Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
241,193 
- 
241,193 
Additions
15,641 
426,128 
441,769 
At 31 March 2023
256,834 
426,128 
682,962 
Depreciation
At 1 April 2022
43,058 
- 
43,058 
Charge for the year
25,135 
43,339 
68,474 
At 31 March 2023
68,193 
43,339 
111,532 
Net book value
At 31 March 2023
188,641 
382,789 
571,430 
At 31 March 2022
198,135 
- 
198,135 
6
Investments
Other investments 
£ 
Valuation at 1 April 2022
83,832 
Valuation at 31 March 2023
83,832 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
22,475 
19,350 
Trade debtors
4,294,127 
972,055 
Accrued income and prepayments
20,224 
- 
Other debtors
- 
50,550 
4,336,826 
1,041,955 
Amounts falling due after more than one year
Other debtors
22,456 
- 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,734,186 
- 
Taxes and social security
270,936 
163,485 
Other creditors
48,665 
8,972 
Loans from directors
(1,291)
(3,080)
3,052,496 
169,377 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,175 
49,175 
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Bringo Group Ltd Notes to the Accounts for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 8 (2022: 4).
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