IRIS Accounts Production v24.2.0.383 09271508 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092715082022-12-31092715082023-12-31092715082023-01-012023-12-31092715082021-12-31092715082022-01-012022-12-31092715082022-12-3109271508ns15:EnglandWales2023-01-012023-12-3109271508ns14:PoundSterling2023-01-012023-12-3109271508ns10:Director12023-01-012023-12-3109271508ns10:Director22023-01-012023-12-3109271508ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109271508ns10:SmallEntities2023-01-012023-12-3109271508ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109271508ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109271508ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109271508ns10:FullAccounts2023-01-012023-12-3109271508ns10:RegisteredOffice2023-01-012023-12-3109271508ns5:CurrentFinancialInstruments2023-12-3109271508ns5:CurrentFinancialInstruments2022-12-3109271508ns5:Non-currentFinancialInstruments2023-12-3109271508ns5:Non-currentFinancialInstruments2022-12-3109271508ns5:ShareCapital2023-12-3109271508ns5:ShareCapital2022-12-3109271508ns5:RetainedEarningsAccumulatedLosses2023-12-3109271508ns5:RetainedEarningsAccumulatedLosses2022-12-3109271508ns5:LeaseholdImprovements2023-01-012023-12-3109271508ns5:FurnitureFittings2023-01-012023-12-3109271508ns5:ComputerEquipment2023-01-012023-12-3109271508ns5:LandBuildings2022-12-3109271508ns5:LeaseholdImprovements2022-12-3109271508ns5:FurnitureFittings2022-12-3109271508ns5:ComputerEquipment2022-12-3109271508ns5:LandBuildings2023-01-012023-12-3109271508ns5:LandBuildings2023-12-3109271508ns5:LeaseholdImprovements2023-12-3109271508ns5:FurnitureFittings2023-12-3109271508ns5:ComputerEquipment2023-12-3109271508ns5:LandBuildings2022-12-3109271508ns5:LeaseholdImprovements2022-12-3109271508ns5:FurnitureFittings2022-12-3109271508ns5:ComputerEquipment2022-12-3109271508ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109271508ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109271508ns5:DeferredTaxation2022-12-3109271508ns5:DeferredTaxation2023-01-012023-12-3109271508ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 09271508 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

BRO DESIGN LTD

BRO DESIGN LTD (REGISTERED NUMBER: 09271508)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRO DESIGN LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms Gozde Karaca
Mr Arif Atinc Karaca





REGISTERED OFFICE: 2 Luke Street
Hackney
London
EC2A 4NT





REGISTERED NUMBER: 09271508 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

BRO DESIGN LTD (REGISTERED NUMBER: 09271508)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,744,413 3,778,825

CURRENT ASSETS
Debtors 5 104,061 138,678
Cash at bank and in hand 42,935 13,622
146,996 152,300
CREDITORS
Amounts falling due within one year 6 952,191 1,243,821
NET CURRENT LIABILITIES (805,195 ) (1,091,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,939,218

2,687,304

CREDITORS
Amounts falling due after more than one
year

7

(3,388,493

)

(2,926,999

)

PROVISIONS FOR LIABILITIES 8 (1,598 ) (1,781 )
NET LIABILITIES (450,873 ) (241,476 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (450,973 ) (241,576 )
SHAREHOLDERS' FUNDS (450,873 ) (241,476 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BRO DESIGN LTD (REGISTERED NUMBER: 09271508)

Balance Sheet - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




Mr Arif Atinc Karaca - Director



Ms Gozde Karaca - Director


BRO DESIGN LTD (REGISTERED NUMBER: 09271508)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bro Design Ltd 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.

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.

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover 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.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

BRO DESIGN LTD (REGISTERED NUMBER: 09271508)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 3,881,705 36,493 4,649 26,810 3,949,657
Additions - - - 1,081 1,081
At 31 December 2023 3,881,705 36,493 4,649 27,891 3,950,738
DEPRECIATION
At 1 January 2023 124,215 24,535 2,745 19,337 170,832
Charge for year 31,053 2,392 380 1,668 35,493
At 31 December 2023 155,268 26,927 3,125 21,005 206,325
NET BOOK VALUE
At 31 December 2023 3,726,437 9,566 1,524 6,886 3,744,413
At 31 December 2022 3,757,490 11,958 1,904 7,473 3,778,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 90,966 135,172
Other debtors 13,095 3,506
104,061 138,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 368 288,753
Trade creditors 23,702 34,762
Taxation and social security 1,691 5,552
Other creditors 926,430 914,754
952,191 1,243,821

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1,988,506
Other creditors 3,388,493 938,493
3,388,493 2,926,999

BRO DESIGN LTD (REGISTERED NUMBER: 09271508)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 265,861

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,598 1,781

Deferred
tax
£   
Balance at 1 January 2023 1,781
Credit to Income Statement during year (183 )
Balance at 31 December 2023 1,598

9. PARENT COMPANY

The ultimate controlling party is Bro Global Holdings Ltd.