IRIS Accounts Production v24.3.0.553 SC136949 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1369492023-03-31SC1369492024-03-31SC1369492023-04-012024-03-31SC1369492022-03-31SC1369492022-04-012023-03-31SC1369492023-03-31SC136949ns15:Scotland2023-04-012024-03-31SC136949ns14:PoundSterling2023-04-012024-03-31SC136949ns10:Director12023-04-012024-03-31SC136949ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC136949ns10:SmallEntities2023-04-012024-03-31SC136949ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC136949ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC136949ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC136949ns10:FullAccounts2023-04-012024-03-31SC136949ns10:Director22023-04-012024-03-31SC136949ns10:CompanySecretary12023-04-012024-03-31SC136949ns10:RegisteredOffice2023-04-012024-03-31SC136949ns5:CurrentFinancialInstruments2024-03-31SC136949ns5:CurrentFinancialInstruments2023-03-31SC136949ns5:ShareCapital2024-03-31SC136949ns5:ShareCapital2023-03-31SC136949ns5:RetainedEarningsAccumulatedLosses2024-03-31SC136949ns5:RetainedEarningsAccumulatedLosses2023-03-31SC136949ns5:PlantMachinery2023-04-012024-03-31SC136949ns5:PlantMachinery2023-03-31SC136949ns5:PlantMachinery2024-03-31SC136949ns5:PlantMachinery2023-03-31SC136949ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC136949ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SC136949 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRAVEVALUE LIMITED

BRAVEVALUE LIMITED (REGISTERED NUMBER: SC136949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRAVEVALUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A D G Shearer
Mrs A S Shearer





SECRETARY: A D G Shearer





REGISTERED OFFICE: Appin Lodge
St Cyrus
Montrose
Angus
DD10 0AD





REGISTERED NUMBER: SC136949 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

BRAVEVALUE LIMITED (REGISTERED NUMBER: SC136949)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,843 5,124

CURRENT ASSETS
Debtors 5 2,509 906
Cash at bank 17,263 50,144
19,772 51,050
CREDITORS
Amounts falling due within one year 6 6,155 26,735
NET CURRENT ASSETS 13,617 24,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,460

29,439

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 17,330 29,309
SHAREHOLDERS' FUNDS 17,460 29,439

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.

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 15 January 2025 and were signed on its behalf by:





A D G Shearer - Director


BRAVEVALUE LIMITED (REGISTERED NUMBER: SC136949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bravevalue Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BRAVEVALUE LIMITED (REGISTERED NUMBER: SC136949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 14,521
DEPRECIATION
At 1 April 2023 9,397
Charge for year 1,281
At 31 March 2024 10,678
NET BOOK VALUE
At 31 March 2024 3,843
At 31 March 2023 5,124

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,509 906

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 780
Taxation and social security 2,189 21,900
Other creditors 3,966 4,055
6,155 26,735