Company Registration No. 10725384 (England and Wales)
Braingraph Ltd.
Unaudited accounts
for the year ended 30 April 2024
Braingraph Ltd.
Unaudited accounts
Contents
Braingraph Ltd.
Company Information
for the year ended 30 April 2024
Directors
K J Leek
A Saraswat
Company Number
10725384 (England and Wales)
Registered Office
107 Lavenham Road
London
SW18 5ER
UNITED KINGDOM
Accountants
Xeinadin
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD
Braingraph Ltd.
Statement of financial position
as at 30 April 2024
Tangible assets
7,680
6,521
Cash at bank and in hand
433,138
508,261
Creditors: amounts falling due within one year
(44,807)
(110,036)
Net current assets
538,996
529,811
Net assets
546,676
536,332
Called up share capital
100
100
Profit and loss account
546,576
536,232
Shareholders' funds
546,676
536,332
For the year ending 30 April 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 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 of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by
A Saraswat
Director
Company Registration No. 10725384
Braingraph Ltd.
Notes to the Accounts
for the year ended 30 April 2024
Braingraph Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10725384. The registered office is 107 Lavenham Road, London, SW18 5ER, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing value
Computer equipment
25% on reducing value
Braingraph Ltd.
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
3,995
9,249
13,244
At 30 April 2024
4,189
12,613
16,802
At 1 May 2023
1,784
4,939
6,723
Charge for the year
642
1,919
2,561
At 30 April 2024
2,264
6,858
9,122
At 30 April 2024
1,925
5,755
7,680
At 30 April 2023
2,211
4,310
6,521
Amounts falling due within one year
Trade debtors
138,721
121,330
Other debtors
11,944
10,256
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,876
70,013
Loans from directors
629
6,265
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Average number of employees
During the year the average number of employees was 2 (2023: 2).