Acorah Software Products - Accounts Production 15.0.600 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 December 2023 31 December 2023 08177006 Dr Amel Ibrahim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08177006 2022-10-31 08177006 2023-12-31 08177006 2022-11-01 2023-12-31 08177006 frs-core:CurrentFinancialInstruments 2023-12-31 08177006 frs-core:Non-currentFinancialInstruments 2023-12-31 08177006 frs-core:ComputerEquipment 2023-12-31 08177006 frs-core:ComputerEquipment 2022-11-01 2023-12-31 08177006 frs-core:ComputerEquipment 2022-10-31 08177006 frs-core:ShareCapital 2023-12-31 08177006 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08177006 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 08177006 frs-bus:FilletedAccounts 2022-11-01 2023-12-31 08177006 frs-bus:SmallEntities 2022-11-01 2023-12-31 08177006 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-12-31 08177006 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-12-31 08177006 frs-bus:Director1 2022-11-01 2023-12-31 08177006 1 2022-11-01 2023-12-31 08177006 frs-countries:EnglandWales 2022-11-01 2023-12-31 08177006 2021-10-31 08177006 2022-10-31 08177006 2021-11-01 2022-10-31 08177006 frs-core:CurrentFinancialInstruments 2022-10-31 08177006 frs-core:Non-currentFinancialInstruments 2022-10-31 08177006 frs-core:ShareCapital 2022-10-31 08177006 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08177006 1 2021-11-01 2022-10-31
Registered number: 08177006
Brainworks Interactive Ltd
Unaudited Financial Statements
For the Period 1 November 2022 to 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08177006
31 December 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 719 1,013
719 1,013
CURRENT ASSETS
Stocks 7,269 7,564
Debtors 5 2,185 86
Cash at bank and in hand 4,056 6,724
13,510 14,374
Creditors: Amounts Falling Due Within One Year 6 (8,797 ) (27,662 )
NET CURRENT ASSETS (LIABILITIES) 4,713 (13,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,432 (12,275 )
Creditors: Amounts Falling Due After More Than One Year 7 (94,042 ) (62,978 )
NET LIABILITIES (88,610 ) (75,253 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (88,611 ) (75,254 )
SHAREHOLDERS' FUNDS (88,610) (75,253)
Page 1
Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Amel Ibrahim
Director
8 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brainworks Interactive Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 08177006 . The registered office is 27 Old Gloucester Street, London, England, WC1N 3AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised at the point that the customer takes delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment 20% straight line
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax has not been recognised as it is not material to the financial statements. The director will review this annually. 
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3. Average Number of Employees
31 December 2023 31 October 2022
Average number of employees, including directors, during the year 1 1
1 1
4. Tangible Assets
Office equipment
£
Cost
As at 1 November 2022 1,261
As at 31 December 2023 1,261
Depreciation
As at 1 November 2022 248
Provided during the period 294
As at 31 December 2023 542
Net Book Value
As at 31 December 2023 719
As at 1 November 2022 1,013
5. Debtors
31 December 2023 31 October 2022
£ £
Due within one year
Trade debtors 2,185 86
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 October 2022
£ £
Trade creditors - 13,044
Bank loans and overdrafts 7,684 10,546
Other loans 1,113 -
Taxation and social security - 4,072
8,797 27,662
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 October 2022
£ £
Bank loans 32,262 32,160
Other creditors 61,780 30,818
94,042 62,978
Page 5