Company Registration No. 06951395 (England and Wales)
Brandy Digital Limited
Unaudited accounts
for the year ended 31 July 2023
Brandy Digital Limited
Unaudited accounts
Contents
Brandy Digital Limited
Company Information
for the year ended 31 July 2023
Secretary
Jenefer Eloise Ashley
Company Number
06951395 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Brandy Digital Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
26,829
21,563
Creditors: amounts falling due within one year
(105,679)
(136,598)
Net current assets
14,722
14,082
Total assets less current liabilities
15,370
15,279
Creditors: amounts falling due after more than one year
(9,498)
(14,277)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
5,746
772
Shareholders' funds
5,748
774
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 8 April 2024 and were signed on its behalf by
David Smith
Director
Company Registration No. 06951395
Brandy Digital Limited
Notes to the Accounts
for the year ended 31 July 2023
Brandy Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 06951395. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
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:
Computer equipment
25% per annum on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Brandy Digital Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
77,058
107,522
Amounts due from group undertakings etc.
16,514
21,595
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,779
4,661
Trade creditors
52,741
95,168
Taxes and social security
23,243
1,904
Loans from directors
738
2,894
Deferred income
5,406
5,406
7
Creditors: amounts falling due after more than one year
2023
2022
The bank loan was taken as a Bounce Back loan under the Covid 19 measures to support small businesses
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brandy Digital Limited
Notes to the Accounts
for the year ended 31 July 2023
9
Transactions with related parties
David Smith is a director and shareholder in both Brandy Digital Limited and 2 Magpies SEO Limited.
During the year Brandy Digital Limited made a loan to 2 Magpies SEO Limited of £16,514 (2022 - £21,595) which was still outstanding at the balance sheet date.
The loan is subject to interest at a commercial rate and is repayable upon demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).