Brisdane Engineering Company Limited |
Registered number: |
05098516 |
Statement of Financial Position |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
$ |
$ |
Current assets |
Debtors |
4 |
|
- |
|
|
10,013 |
|
Creditors: amounts falling due within one year |
5 |
|
(152,745) |
|
|
(145,054) |
|
Net current liabilities |
|
|
|
(152,745) |
|
|
(135,041) |
|
Net liabilities |
|
|
|
(152,745) |
|
|
(135,041) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
4 |
|
|
4 |
Profit and loss account |
|
|
|
(152,749) |
|
|
(135,045) |
|
Shareholders' funds |
|
|
|
(152,745) |
|
|
(135,041) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Myrofora Symeou |
Director |
Approved by the board on 20 September 2024 |
|
Brisdane Engineering Company Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland. |
|
|
Going concern |
|
The company is dependent on the continuing financial support of its shareholders and they have given their intention to continue to support the company and meet its obligations as they fall due. The accounts have therefore been prepared on the Going Concern basis. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
2 |
Exceptional items |
2023 |
|
2022 |
$ |
$ |
|
|
Non-refundable VAT |
11,505 |
|
- |
|
|
|
|
|
|
11,505 |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Employees and directors |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2023 |
|
2022 |
$ |
$ |
|
|
Other debtors |
- |
|
10,013 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
$ |
$ |
|
|
Accruals |
2,176 |
|
2,206 |
|
Other creditors |
150,569 |
|
142,848 |
|
|
|
|
|
|
152,745 |
|
145,054 |
|
|
|
|
|
|
|
|
|
6 |
Controlling party |
|
|
The parent company is Schwelswich Trustees Ltd. Its registered office is: Dimostheni Severi 12, 6th Floor, Flat / office 601, 1080 Nicosia, Cyprus |
|
7 |
Other information |
|
|
Brisdane Engineering Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1st Floor, 8 Bridle Close |
|
Kingston Upon Thames |
|
Surrey |
|
KT1 2JW |