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Registered number: 06887557
Brand-Ing Communications Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
N G Moloney & Co
25 Pine Drive
Ingatestone
CM4 9EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06887557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,913 20,201
16,913 20,201
CURRENT ASSETS
Debtors 5 41,464 24,432
Cash at bank and in hand 7,558 12,080
49,022 36,512
Creditors: Amounts Falling Due Within One Year 6 (15,559 ) (8,032 )
NET CURRENT ASSETS (LIABILITIES) 33,463 28,480
TOTAL ASSETS LESS CURRENT LIABILITIES 50,376 48,681
NET ASSETS 50,376 48,681
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 50,276 48,581
SHAREHOLDERS' FUNDS 50,376 48,681
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Ingram
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brand-Ing Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06887557 . The registered office is Gainsborough Studios South Studio D, Poole Street, London, N1 5EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing Balance Basis
Computer Equipment 20% Reducing Balance Basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,426 106,440 111,866
Additions 752 - 752
As at 31 March 2024 6,178 106,440 112,618
Depreciation
As at 1 April 2023 3,100 88,565 91,665
Provided during the period 465 3,575 4,040
As at 31 March 2024 3,565 92,140 95,705
Net Book Value
As at 31 March 2024 2,613 14,300 16,913
As at 1 April 2023 2,326 17,875 20,201
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,464 16,942
Other debtors 4,000 4,000
Other taxes and social security - 86
Director's loan account - 3,404
41,464 24,432
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts (571 ) 1,969
Corporation tax 8,307 125
VAT 3,325 3,688
Other creditors 2,279 1,290
Accruals and deferred income 960 960
Director's loan account 1,259 -
15,559 8,032
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 29,700 29,700
Page 5