IRIS Accounts Production v23.3.1.45 09754816 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097548162022-09-30097548162023-09-30097548162022-10-012023-09-30097548162021-09-30097548162021-10-012022-09-30097548162022-09-3009754816ns10:Originalns15:EnglandWales2022-10-012023-09-3009754816ns14:PoundSterlingns10:Original2022-10-012023-09-3009754816ns10:Originalns10:Director12022-10-012023-09-3009754816ns10:Original2022-10-012023-09-3009754816ns10:Original2023-09-3009754816ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3009754816ns10:Originalns10:SmallEntities2022-10-012023-09-3009754816ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3009754816ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3009754816ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3009754816ns10:Originalns10:FullAccounts2022-10-012023-09-3009754816ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-3009754816ns10:Originalns10:OrdinaryShareClass22022-10-012023-09-3009754816ns10:Original2022-09-3009754816ns10:Originalns5:CurrentFinancialInstruments2023-09-3009754816ns10:Originalns5:CurrentFinancialInstruments2022-09-3009754816ns5:ShareCapitalns10:Original2023-09-3009754816ns5:ShareCapitalns10:Original2022-09-3009754816ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3009754816ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3009754816ns10:Originalns5:FurnitureFittings2022-10-012023-09-3009754816ns10:Originalns5:ComputerEquipment2022-10-012023-09-3009754816ns10:Original2021-10-012022-09-3009754816ns10:Originalns5:FurnitureFittings2022-09-3009754816ns10:Originalns5:ComputerEquipment2022-09-3009754816ns10:Original2022-09-3009754816ns10:Originalns5:FurnitureFittings2023-09-3009754816ns10:Originalns5:ComputerEquipment2023-09-3009754816ns10:Originalns5:FurnitureFittings2022-09-3009754816ns10:Originalns5:ComputerEquipment2022-09-3009754816ns10:Originalns5:DeferredTaxation2022-09-3009754816ns10:Originalns5:DeferredTaxation2022-10-012023-09-3009754816ns10:Originalns5:DeferredTaxation2023-09-3009754816ns10:Originalns10:OrdinaryShareClass12023-09-3009754816ns10:Originalns10:OrdinaryShareClass22023-09-30
REGISTERED NUMBER: 09754816 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BROWN INK COLLECTIVE LIMITED

BROWN INK COLLECTIVE LIMITED (REGISTERED NUMBER: 09754816)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


BROWN INK COLLECTIVE LIMITED (REGISTERED NUMBER: 09754816)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,097 883

Current assets
Debtors 5 - 1,902
Cash at bank 21,028 10,777
21,028 12,679
Creditors
Amounts falling due within one year 6 21,725 21,321
Net current liabilities (697 ) (8,642 )
Total assets less current liabilities 400 (7,759 )

Provisions for liabilities 7 208 168
Net assets/(liabilities) 192 (7,927 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 92 (8,027 )
Shareholders' funds 192 (7,927 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:





Mr L C Hardy OBE - Director


BROWN INK COLLECTIVE LIMITED (REGISTERED NUMBER: 09754816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. Statutory information

Brown Ink Collective Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09754816. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH.

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 represents income receivable from consultancy on blue economy matters.

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
Computer equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

BROWN INK COLLECTIVE LIMITED (REGISTERED NUMBER: 09754816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 October 2022 - 2,409 2,409
Additions 580 - 580
At 30 September 2023 580 2,409 2,989
Depreciation
At 1 October 2022 - 1,526 1,526
Charge for year 145 221 366
At 30 September 2023 145 1,747 1,892
Net book value
At 30 September 2023 435 662 1,097
At 30 September 2022 - 883 883

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Tax - 1,902

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 108
Tax 3,175 -
Other creditors 1,712 -
Directors' current accounts 15,086 19,546
Accruals and deferred income 1,752 1,667
21,725 21,321

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 208 168

Deferred
tax
£   
Balance at 1 October 2022 168
Provided during year 40
Balance at 30 September 2023 208

BROWN INK COLLECTIVE LIMITED (REGISTERED NUMBER: 09754816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. Ultimate controlling party

Mr and Mrs Hardy own 100% of the voting share capital, and therefore have ultimate control.