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REGISTERED NUMBER: 08012533 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Brilliant Social Media Limited

Brilliant Social Media Limited (Registered number: 08012533)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brilliant Social Media Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Davis
M P Davis





REGISTERED OFFICE: Mabgate Business Centre
99 Mabgate
Leeds
West Yorkshire
LS9 7DR





REGISTERED NUMBER: 08012533 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Brilliant Social Media Limited (Registered number: 08012533)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,100 22,161

CURRENT ASSETS
Debtors 5 284,554 276,156
Cash at bank and in hand 227,831 97,148
512,385 373,304
CREDITORS
Amounts falling due within one year 6 403,184 318,524
NET CURRENT ASSETS 109,201 54,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,301

76,941

CREDITORS
Amounts falling due after more than one year 7 (11,706 ) (39,743 )

PROVISIONS FOR LIABILITIES (2,525 ) (2,785 )
NET ASSETS 105,070 34,413

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 104,870 34,213
105,070 34,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Brilliant Social Media Limited (Registered number: 08012533)

Balance Sheet - continued
31 March 2024


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 25 April 2024 and were signed on its behalf by:





M P Davis - Director


Brilliant Social Media Limited (Registered number: 08012533)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Brilliant Social Media Limited 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.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

Brilliant Social Media Limited (Registered number: 08012533)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 38,490 15,551 32,321 86,362
Additions - 3,601 6,155 9,756
Disposals - (1,493 ) (7,453 ) (8,946 )
At 31 March 2024 38,490 17,659 31,023 87,172
DEPRECIATION
At 1 April 2023 27,469 10,105 26,627 64,201
Charge for year 11,021 4,550 6,075 21,646
Eliminated on disposal - (1,493 ) (7,282 ) (8,775 )
At 31 March 2024 38,490 13,162 25,420 77,072
NET BOOK VALUE
At 31 March 2024 - 4,497 5,603 10,100
At 31 March 2023 11,021 5,446 5,694 22,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 224,742 185,475
Other debtors 19,665 10,365
Prepayments and accrued income 40,147 80,316
284,554 276,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 27,624 35,206
Trade creditors 19,488 11,111
Tax 77,170 31,351
Social security and other taxes 11,558 7,435
VAT 163,936 139,522
Other creditors 77,309 66,468
Directors' current accounts 44 1
Accruals and deferred income 26,055 27,430
403,184 318,524

Brilliant Social Media Limited (Registered number: 08012533)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,045 27,628
Bank loans - 2-5 years 1,661 12,115
11,706 39,743

8. RELATED PARTY DISCLOSURES

During the year the company was advanced a loan totalling £9,300 to Beyond Brilliant Limited a company under the common control of the directors. The balance owing from Beyond Brilliant Limited at the balance sheet date was £19,665.

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of it's director/shareholders.