2023-01-01 2023-12-31 false No description of principal activity Capium Accounts Production 1.1 06687285 bus:FullAccounts 2023-01-01 2023-12-31 06687285 bus:FRS102 2023-01-01 2023-12-31 06687285 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06687285 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06687285 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06687285 2023-01-01 2023-12-31 06687285 2023-12-31 06687285 bus:RegisteredOffice 2023-01-01 2023-12-31 06687285 core:WithinOneYear 2023-12-31 06687285 core:AfterOneYear 2023-12-31 06687285 bus:Director1 2023-01-01 2023-12-31 06687285 bus:Director1 2023-12-31 06687285 bus:Director1 2022-01-01 2022-12-31 06687285 bus:Director2 2023-01-01 2023-12-31 06687285 bus:Director2 2023-12-31 06687285 bus:Director2 2022-01-01 2022-12-31 06687285 2022-01-01 06687285 bus:CompanySecretary1 2023-01-01 2023-12-31 06687285 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 06687285 2022-01-01 2022-12-31 06687285 2022-12-31 06687285 core:WithinOneYear 2022-12-31 06687285 core:AfterOneYear 2022-12-31 06687285 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 06687285 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06687285 bus:OrdinaryShareClass1 2023-12-31 06687285 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 06687285 bus:OrdinaryShareClass1 2022-12-31 06687285 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 06687285 bus:OrdinaryShareClass2 2023-12-31 06687285 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 06687285 bus:OrdinaryShareClass2 2022-12-31 06687285 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 06687285 bus:OrdinaryShareClass3 2023-12-31 06687285 bus:OrdinaryShareClass3 2022-01-01 2022-12-31 06687285 bus:OrdinaryShareClass3 2022-12-31 06687285 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 06687285 bus:OrdinaryShareClass4 2023-12-31 06687285 bus:OrdinaryShareClass4 2022-01-01 2022-12-31 06687285 bus:OrdinaryShareClass4 2022-12-31 06687285 bus:OrdinaryShareClass5 2023-01-01 2023-12-31 06687285 bus:OrdinaryShareClass5 2023-12-31 06687285 bus:OrdinaryShareClass5 2022-01-01 2022-12-31 06687285 bus:OrdinaryShareClass5 2022-12-31 06687285 core:PlantMachinery 2023-01-01 2023-12-31 06687285 core:PlantMachinery 2023-12-31 06687285 core:PlantMachinery 2022-12-31 06687285 core:FurnitureFittings 2023-01-01 2023-12-31 06687285 core:FurnitureFittings 2023-12-31 06687285 core:FurnitureFittings 2022-12-31 06687285 core:ComputerEquipment 2023-01-01 2023-12-31 06687285 core:ComputerEquipment 2023-12-31 06687285 core:ComputerEquipment 2022-12-31 06687285 core:MotorCars 2023-01-01 2023-12-31 06687285 core:MotorCars 2023-12-31 06687285 core:MotorCars 2022-12-31 06687285 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 06687285 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 06687285 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 06687285 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 06687285 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 06687285 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06687285 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06687285 core:Non-currentFinancialInstruments 2023-12-31 06687285 core:Non-currentFinancialInstruments 2022-12-31 06687285 core:ShareCapital 2023-12-31 06687285 core:ShareCapital 2022-12-31 06687285 core:RetainedEarningsAccumulatedLosses 2023-12-31 06687285 core:RetainedEarningsAccumulatedLosses 2022-12-31 06687285 dpl:Item1 2023-01-01 06687285 dpl:Item1 2023-12-31 06687285 dpl:Item1 2022-01-01 06687285 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06687285
England and Wales

 

 

 

BRAVE GB LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Brian Paul Lenton
David Gordon Lennox Mitchinson
Registered Number 06687285
Registered Office Unit 2 Walsall Enterprise Park
Regal Drive
Walsall
West Midlands
WS2 9HQ
Accountants PJW Accounting Limited
5 Lancaster Park
Newborough Road
Staffs
DE13 9PD
Secretary Brian Paul Lenton
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 15,462    21,462 
15,462    21,462 
Current assets      
Stocks 4 2,500    2,700 
Debtors: amounts falling due within one year 5 199,610    171,519 
Cash at bank and in hand 1,182,560    1,062,285 
1,384,670    1,236,504 
Creditors: amount falling due within one year 6 (272,138)   (192,498)
Net current assets 1,112,532    1,044,006 
 
Total assets less current liabilities 1,127,994    1,065,468 
Provisions for liabilities 7 (3,012)   (4,078)
Net assets 1,124,982    1,061,390 
 

Capital and reserves
     
Called up share capital 8 140    140 
Profit and loss account 1,124,842    1,061,250 
Shareholders' funds 1,124,982    1,061,390 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 September 2024 and were signed on its behalf by:


-------------------------------
Brian Paul Lenton
Director
2
General Information
Brave GB Limited is a private company, limited by shares, registered in England and Wales, registration number 06687285, registration address Unit 2 Walsall Enterprise Park, Regal Drive, Walsall, West Midlands, WS2 9HQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Plant and Machinery 33% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Motor Vehicles   Total
  £   £   £   £   £
At 01 January 2023 58,802    50,874    30,278    49,477    189,431 
Additions        
Disposals     (9,093)     (9,093)
At 31 December 2023 58,802    50,874    21,185    49,477    180,338 
Depreciation
At 01 January 2023 56,692    46,371    26,541    38,364    167,968 
Charge for year 698    901    1,041    2,779    5,419 
On disposals     (8,511)     (8,511)
At 31 December 2023 57,390    47,272    19,071    41,143    164,876 
Net book values
Closing balance as at 31 December 2023 1,412    3,602    2,114    8,334    15,462 
Opening balance as at 01 January 2023 2,108    4,503    3,738    11,113    21,462 

The net book value of Motor Vehicles includes £ 8,334 (2022 £11,113) in respect of assets leased under finance leases or hire purchase contracts.

4.

Stocks

2023
£
  2022
£
Stocks 2,500    2,700 
2,500    2,700 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 193,558    165,589 
Prepayments & Accrued Income 5,677    5,555 
Other Debtors 375    375 
199,610    171,519 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 140,841    105,218 
Amounts Owed to Participating Interests 2,634    3,624 
Corporation Tax 40,977    31,536 
PAYE & Social Security 1,514    507 
Accrued Expenses 41,385    5,912 
Other Creditors  
Directors' Current Accounts 4,736    33,743 
VAT 40,051    11,958 
272,138    192,498 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 3,012    4,078 
3,012    4,078 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary A shares of £1.00 each 100    100 
10 Ordinary B shares of £1.00 each 10    10 
10 Ordinary C shares of £1.00 each 10    10 
10 Ordinary D shares of £1.00 each 10    10 
10 Ordinary E shares of £1.00 each 10    10 
140    140 

9.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
B Lenton & D Mitchinson(4,736)(33,743)
3