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
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
BRAIN CANDY LTD
Statement of financial position
as at 30 September 2023
Tangible assets
2,429
2,621
Cash at bank and in hand
17,458
23,116
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)
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
BRAIN CANDY LTD
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
BRAIN CANDY LTD
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2023
4,874
At 30 September 2023
2,445
At 30 September 2023
2,429
At 30 September 2022
2,621
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,698
1,657
Taxes and social security
23,317
-
Loans from directors
13,143
-
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.
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
Other creditors
10,000
10,000
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
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).