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REGISTERED NUMBER: 07576394 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Brilliance Academy Limited

Brilliance Academy Limited (Registered number: 07576394)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Brilliance Academy Limited (Registered number: 07576394)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 301 210

CURRENT ASSETS
Inventories 40,000 70,000
Debtors 5 18,310 39,639
Cash at bank and in hand 8,033 678
66,343 110,317
CREDITORS
Amounts falling due within one year 6 101,396 81,816
NET CURRENT (LIABILITIES)/ASSETS (35,053 ) 28,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,752

)

28,711

CREDITORS
Amounts falling due after more than
one year

7

28,500

67,809
NET LIABILITIES (63,252 ) (39,098 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (63,352 ) (39,198 )
SHAREHOLDERS' FUNDS (63,252 ) (39,098 )

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.

Brilliance Academy Limited (Registered number: 07576394)

Statement of Financial Position - 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 28 March 2024 and were signed by:





Mr Amandeep Thind - Director


Brilliance Academy Limited (Registered number: 07576394)

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

1. STATUTORY INFORMATION

Brilliance Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07576394

Registered office: 11 Ward Gardens
Slough
United Kingdom
SL1 5ED

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Inventories 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 statement of financial position date.


Brilliance Academy Limited (Registered number: 07576394)

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 statement of financial position 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.

Going concern
The company has net liabilities of £63,252. The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2022 374
Additions 192
At 31 March 2023 566
DEPRECIATION
At 1 April 2022 164
Charge for year 101
At 31 March 2023 265
NET BOOK VALUE
At 31 March 2023 301
At 31 March 2022 210

Brilliance Academy Limited (Registered number: 07576394)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,628 -
Other debtors 15,682 39,639
18,310 39,639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,371 890
Trade creditors 4,052 -
Taxation and social security 6,054 1,839
Other creditors 87,919 79,087
101,396 81,816

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 28,500 39,238
Other creditors - 28,571
28,500 67,809

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company owes £59,770 to its director, Mr Amandeep Thind who is also a sole shareholder of the company as at the accounting year end date

The company owes £14,183 as at accounting year end date from Property Mantra Ltd , a company registered in United Kingdom (Company registered number: 11147659). Mr Amandeep Thind is also a director and sole shareholder of this company.