Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12536225 David Chapman Emily Birch David Chapman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12536225 2023-03-31 12536225 2024-03-31 12536225 2023-04-01 2024-03-31 12536225 frs-core:CurrentFinancialInstruments 2024-03-31 12536225 frs-core:ComputerEquipment 2024-03-31 12536225 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12536225 frs-core:ComputerEquipment 2023-03-31 12536225 frs-core:FurnitureFittings 2024-03-31 12536225 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12536225 frs-core:FurnitureFittings 2023-03-31 12536225 frs-core:ShareCapital 2024-03-31 12536225 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12536225 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12536225 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12536225 frs-bus:SmallEntities 2023-04-01 2024-03-31 12536225 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12536225 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12536225 1 2023-04-01 2024-03-31 12536225 frs-bus:Director1 2023-04-01 2024-03-31 12536225 frs-bus:Director2 2023-04-01 2024-03-31 12536225 frs-countries:EnglandWales 2023-04-01 2024-03-31 12536225 2022-03-31 12536225 2023-03-31 12536225 2022-04-01 2023-03-31 12536225 frs-core:CurrentFinancialInstruments 2023-03-31 12536225 frs-core:ShareCapital 2023-03-31 12536225 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12536225
Brunswick Design Company LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Brunswick Design Company LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brunswick Design Company LTD for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Brunswick Design Company LTD , as a body, in accordance with the terms of our engagement letter dated 07 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Brunswick Design Company LTD and state those matters that we have agreed to state to the directors of Brunswick Design Company LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brunswick Design Company LTD and its directors, as a body, for our work or for this report.
It is your duty to ensure that Brunswick Design Company LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Brunswick Design Company LTD . You consider that Brunswick Design Company LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Brunswick Design Company LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
31/10/2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Page 1
Page 2
Balance Sheet
Registered number: 12536225
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,568 2,972
1,568 2,972
CURRENT ASSETS
Debtors 4 - 3
Cash at bank and in hand 42,347 36,704
42,347 36,707
Creditors: Amounts Falling Due Within One Year 5 (23,341 ) (21,160 )
NET CURRENT ASSETS (LIABILITIES) 19,006 15,547
TOTAL ASSETS LESS CURRENT LIABILITIES 20,574 18,519
NET ASSETS 20,574 18,519
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 20,564 18,509
SHAREHOLDERS' FUNDS 20,574 18,519
Page 2
Page 3
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
David Chapman
Director
31/10/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 Over 5 years
Computer Equipment Over 3 years
1.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
1.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice 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.
1.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice 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.
1.7. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 1)
2 1
Page 4
Page 5
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 291 4,621 4,912
Additions 226 - 226
As at 31 March 2024 517 4,621 5,138
Depreciation
As at 1 April 2023 46 1,894 1,940
Provided during the period 89 1,541 1,630
As at 31 March 2024 135 3,435 3,570
Net Book Value
As at 31 March 2024 382 1,186 1,568
As at 1 April 2023 245 2,727 2,972
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 3
- 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other taxes and social security 10,042 9,177
Other creditors 13,299 11,982
23,341 21,160
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
7. Ultimate Controlling Party
The company's ultimate controlling party is David Chapman by virtue of his ownership of 100% of the issued share capital in the company.
8. General Information
Brunswick Design Company LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12536225 . The registered office is 101 Totteridge Road, High Wycombe, Bucks, HP13 6EY.
Page 5