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Company Registration No. 10402597 (England and Wales)
BRAIN CANDY LTD Unaudited accounts for the year ended 30 September 2023
BRAIN CANDY LTD Unaudited accounts Contents
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BRAIN CANDY LTD Company Information for the year ended 30 September 2023
Directors
Justine Benson Elaine Benson
Company Number
10402597 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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BRAIN CANDY LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,429 
2,621 
Current assets
Debtors
64,440 
12,119 
Cash at bank and in hand
17,458 
23,116 
81,898 
35,235 
Creditors: amounts falling due within one year
(49,062)
(12,214)
Net current assets
32,836 
23,021 
Total assets less current liabilities
35,265 
25,642 
Creditors: amounts falling due after more than one year
(13,060)
(14,757)
Net assets
22,205 
10,885 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,105 
10,785 
Shareholders' funds
22,205 
10,885 
For the year ending 30 September 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 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 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 of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Justine Benson Director Company Registration No. 10402597
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BRAIN CANDY LTD Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
BRAIN CANDY LTD is a private company, limited by shares, registered in England and Wales, registration number 10402597. The registered office is Denmark House, 143 High Street, Chalfont St Peter, SL9 9QL, United Kingdom.
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.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% per annum reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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BRAIN CANDY LTD Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2022
4,229 
Additions
937 
Disposals
(292)
At 30 September 2023
4,874 
Depreciation
At 1 October 2022
1,608 
Charge for the year
1,129 
On disposals
(292)
At 30 September 2023
2,445 
Net book value
At 30 September 2023
2,429 
At 30 September 2022
2,621 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
64,440 
- 
Other debtors
- 
12,119 
64,440 
12,119 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,698 
1,657 
VAT
10,291 
9,944 
Taxes and social security
23,317 
- 
Loans from directors
13,143 
- 
Accruals
613 
613 
49,062 
12,214 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are unsecured of £1,698 (2022 £1,657). The bank loans and overdrafts are not secured on the company's assets.
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BRAIN CANDY LTD Notes to the Accounts for the year ended 30 September 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,060 
4,757 
Other creditors
10,000 
10,000 
13,060 
14,757 
At 30 September 2023 the company owed £10,0000 (2022 - £10,000). This was an unsecured loan from a private individual. Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are unsecured of £3,060 (2022 £4,757). None of the loans are secured on the company's assets
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
On 30 September 2023, the company owed the directors £13,143. This is an interest free loan repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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