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REGISTERED NUMBER: 05582633 (England and Wales)















Brovanture Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






Brovanture Limited (Registered number: 05582633)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brovanture Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M J Brock
M Van Kan
G P Slee





SECRETARY: J M Brock





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





BUSINESS ADDRESS: 20 Frederick Sanger Road
Surrey Research Park
Guildford
Surrey
GU2 7YD





REGISTERED NUMBER: 05582633 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Brovanture Limited (Registered number: 05582633)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 713 762

CURRENT ASSETS
Debtors 5 543,372 338,582
Cash at bank 505,257 428,561
1,048,629 767,143
CREDITORS
Amounts falling due within one year 6 756,803 523,160
NET CURRENT ASSETS 291,826 243,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,539

244,745

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Capital redemption reserve 10 10
Retained earnings 288,529 240,735
SHAREHOLDERS' FUNDS 292,539 244,745

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





M J Brock - Director


Brovanture Limited (Registered number: 05582633)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Brovanture 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the sale of computer software and the provision of computer consultancy services during the year, excluding value added tax. Turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 20% on cost
Office equipment - 25% on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Brovanture Limited (Registered number: 05582633)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 132,303
Additions 615
Disposals (22,385 )
At 30 September 2023 110,533
DEPRECIATION
At 1 October 2022 131,541
Charge for year 664
Eliminated on disposal (22,385 )
At 30 September 2023 109,820
NET BOOK VALUE
At 30 September 2023 713
At 30 September 2022 762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 511,037 292,394
Other debtors 32,335 46,188
543,372 338,582

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 26,997 127,001
Taxation and social security 234,686 123,297
Other creditors 495,120 272,862
756,803 523,160

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 23,409 31,213
Between one and five years - 23,410
23,409 54,623