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REGISTERED NUMBER: 13256883 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Bravemech Services Limited

Bravemech Services Limited (Registered number: 13256883)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Bravemech Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr. Kieron Andrew Drake





REGISTERED OFFICE: 12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL





REGISTERED NUMBER: 13256883 (England and Wales)





ACCOUNTANTS: Avalon Accounting Limited
12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL

Bravemech Services Limited

Report of the Accountants to the Director of
Bravemech Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Avalon Accounting Limited
12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL


Date: .............................................

Bravemech Services Limited (Registered number: 13256883)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,268 11,035
Tangible assets 5 2,623 3,498
12,891 14,533

CURRENT ASSETS
Stocks 6 1,200 1,200
Debtors 7 243,892 259,415
Cash at bank 40,966 8,322
286,058 268,937
CREDITORS
Amounts falling due within one year 8 (231,443 ) (156,826 )
NET CURRENT ASSETS 54,615 112,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,506

126,644

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 67,496 126,634
SHAREHOLDERS' FUNDS 67,506 126,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Bravemech Services Limited (Registered number: 13256883)

Balance Sheet - continued
31 March 2023


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 December 2023 and were signed by:





Mr. Kieron Andrew Drake - Director


Bravemech Services Limited (Registered number: 13256883)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Bravemech Services 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.

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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised at 6.5% on straightline basis.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual Property are being amortised at 6.5% on straightline basis.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


Bravemech Services Limited (Registered number: 13256883)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 6,600 5,202 11,802
AMORTISATION
At 1 April 2022 429 338 767
Amortisation for year 429 338 767
At 31 March 2023 858 676 1,534
NET BOOK VALUE
At 31 March 2023 5,742 4,526 10,268
At 31 March 2022 6,171 4,864 11,035

Bravemech Services Limited (Registered number: 13256883)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 6,498
DEPRECIATION
At 1 April 2022 3,000
Charge for year 875
At 31 March 2023 3,875
NET BOOK VALUE
At 31 March 2023 2,623
At 31 March 2022 3,498

6. STOCKS
2023 2022
£    £   
Stock Asset 1,200 1,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debtors 227,619 239,737
VAT 15,245 18,962
Deferred tax asset 1,028 716
243,892 259,415

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 20,000 -
Creditors 171,335 141,119
Corporate Tax Payable 17,058 30,305
CIS & PAYE 16,842 (23,429 )
Pension Payable 888 1,101
Directors' current accounts 1,430 4,430
Accrual of Expenses 3,890 3,300
231,443 156,826

Bravemech Services Limited (Registered number: 13256883)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. RESERVES
Retained
earnings
£   

At 1 April 2022 126,634
Deficit for the year (57,138 )
Dividends (2,000 )
At 31 March 2023 67,496

11. RELATED PARTY DISCLOSURES

During the year, company has declared dividend of £2,000 to Mr Kieron Andrew Drake. Mr Kieron Andrew Drake is also directors of company.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr. Kieron Andrew Drake who owns 100% of the issued share capital of the company. Mr. Kieron Andrew Drake is also a director of the company.