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Company Registration No. 13877273 (England and Wales)
BRAINCO LIMITED Unaudited accounts for the year ended 31 January 2024
BRAINCO LIMITED Unaudited accounts Contents
Page
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BRAINCO LIMITED Company Information for the year ended 31 January 2024
Director
Muhammad Nafees Qureshi
Company Number
13877273 (England and Wales)
Registered Office
Holdsworth House 65-73 Staines Road Hounslow TW3 3HW United Kingdom
Accountants
Regal Accountants Limited Suite 110, Legacy Centre Hampton Road West Feltham Middlesex TW13 6DH
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BRAINCO LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
307,623 
246,174 
Debtors
28,722 
92,061 
Cash at bank and in hand
25,221 
66,222 
361,566 
404,457 
Creditors: amounts falling due within one year
(290,329)
(155,207)
Net current assets
71,237 
249,250 
Total assets less current liabilities
71,237 
249,250 
Creditors: amounts falling due after more than one year
(282,200)
(215,700)
Net (liabilities)/assets
(210,963)
33,550 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(211,063)
33,450 
Shareholders' funds
(210,963)
33,550 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2024 and were signed on its behalf by
Muhammad Nafees Qureshi Director Company Registration No. 13877273
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BRAINCO LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
BRAINCO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13877273. The registered office is Holdsworth House 65-73 Staines Road, Hounslow, TW3 3HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(4,278)
4,561 
Trade debtors
- 
80,000 
Other debtors
33,000 
7,500 
28,722 
92,061 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,939 
- 
Taxes and social security
15,202 
7,875 
Other creditors
9,620 
- 
Loans from directors
255,568 
13,560 
Deferred income
- 
133,772 
290,329 
155,207 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
282,200 
215,700 
7
Average number of employees
During the year the average number of employees was 7 (2023: 3).
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