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BRAINTEK LIMITED

Registered Number
SC708429
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2023

BRAINTEK LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

Evangelos Pantazis

Registered Address

Eden Fyfe Accounts
H5 Newark Road South
Glenrothes
KY7 4NS

Registered Number

SC708429 (Scotland)
BRAINTEK LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3-539
-539
Current assets
Debtors1494,514
Cash at bank and on hand7,0604,328
7,2098,842
Creditors amounts falling due within one year5(5,426)(5,584)
Net current assets (liabilities)1,7833,258
Total assets less current liabilities1,7833,797
Provisions for liabilities-(102)
Net assets1,7833,695
Capital and reserves
Called up share capital100100
Profit and loss account1,6833,595
Shareholders' funds1,7833,695
The financial statements were approved and authorised for issue by the Director on 21 February 2024, and are signed on its behalf by:
Evangelos Pantazis
Director
Registered Company No. SC708429
BRAINTEK LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 22719719
Additions391391
Disposals(1,110)(1,110)
Depreciation and impairment
At 01 October 22180180
Charge for year232232
On disposals(412)(412)
Net book value
At 30 September 23--
At 30 September 22539539
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-4,353
Other debtors149161
Total1494,514
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables222-
Taxation and social security4,1484,584
Other creditors57-
Accrued liabilities and deferred income9991,000
Total5,4265,584