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COMPANY REGISTRATION NUMBER: 09170265
Bricklane Technologies Limited
Filleted Unaudited Financial Statements
31 December 2023
Bricklane Technologies Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Bricklane Technologies Limited
Officers and Professional Advisers
The board of directors
M N Young
S Heawood
C Lauterpacht
G Dewerpe
Registered office
19-23 Ironmonger Row
London
EC1V 3QN
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Bricklane Technologies Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Bricklane Technologies Limited
Year ended 31 December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
13 March 2024
Bricklane Technologies Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
6
2,688
Tangible assets
7
30,777
44,715
--------
--------
30,777
47,403
Current assets
Debtors
8
535,940
939,226
Cash at bank and in hand
2,637,804
8,448,513
------------
------------
3,173,744
9,387,739
Creditors: amounts falling due within one year
9
( 550,504)
( 828,611)
------------
------------
Net current assets
2,623,240
8,559,128
------------
------------
Total assets less current liabilities
2,654,017
8,606,531
Creditors: amounts falling due after more than one year
10
( 15,013)
( 22,201)
------------
------------
Net assets
2,639,004
8,584,330
------------
------------
Capital and reserves
Called up share capital
9
9
Share premium account
24,553,856
24,553,856
Profit and loss account
( 21,914,861)
( 15,969,535)
-------------
-------------
Shareholders funds
2,639,004
8,584,330
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bricklane Technologies Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
M N Young
Director
Company registration number: 09170265
Bricklane Technologies Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19-23 Ironmonger Row, London, EC1V 3QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain fixed assets. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The directors, in making their assessment of going concern, are aware of a general uncertainty that may cast doubt upon the company's ability to carry on as a going concern. The directors will take all necessary action to ensure that the company will continue to be a going concern and that the going concern basis is appropriate. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Other
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 48 (2022: 42 ).
5. Exceptional items
Included with administrative expenses is an amount of £430,468 in relation to media credits that were carried forward each year within debtors and expensed when utilised by the company. During 2023, these media credits expired in their entirety, therefore the total amount of the debtor of £430,468 has been released to expenses in 2023.
6. Intangible assets
Other
£
Cost
At 1 January 2023 and 31 December 2023
225,892
---------
Amortisation
At 1 January 2023
223,204
Charge for the year
2,688
---------
At 31 December 2023
225,892
---------
Carrying amount
At 31 December 2023
---------
At 31 December 2022
2,688
---------
7. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 January 2023
82,408
1,199
83,607
Additions
8,512
2,250
10,762
Disposals
( 992)
( 992)
--------
-------
--------
At 31 December 2023
89,928
3,449
93,377
--------
-------
--------
Depreciation
At 1 January 2023
38,175
717
38,892
Charge for the year
24,150
548
24,698
Disposals
( 990)
( 990)
--------
-------
--------
At 31 December 2023
61,335
1,265
62,600
--------
-------
--------
Carrying amount
At 31 December 2023
28,593
2,184
30,777
--------
-------
--------
At 31 December 2022
44,233
482
44,715
--------
-------
--------
8. Debtors
2023
2022
£
£
Trade debtors
117,934
97,772
Other debtors
418,006
841,454
---------
---------
535,940
939,226
---------
---------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
7,010
7,010
Trade creditors
244,331
465,246
Amounts owed to group undertakings and undertakings in which the company has a participating interest
( 1,981)
2,162
Social security and other taxes
272,817
288,360
Other creditors
28,327
65,833
---------
---------
550,504
828,611
---------
---------
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
15,013
22,201
--------
--------