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Company Registration No. SC568120 (Scotland)
Braided Communications Limited Unaudited accounts for the year ended 30 June 2024
Braided Communications Limited Unaudited accounts Contents
Page
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Braided Communications Limited Company Information for the year ended 30 June 2024
Director
Robert Michael Macdonald Brougham
Company Number
SC568120 (Scotland)
Registered Office
20-23 Woodside Place Glasgow Glasgow City G3 7QL Scotland
Accountants
Clarity Accounting (Scotland) Ltd 20 - 23 Woodside Place Glasgow G3 7QL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Braided Communications Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Braided Communications Limited for the year ended 30 June 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Clarity Accounting (Scotland) Ltd Chartered Certified Accountants 20 - 23 Woodside Place Glasgow G3 7QL 20 February 2025
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Braided Communications Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
63,647 
41,080 
Current assets
Debtors
1,566 
15,075 
Cash at bank and in hand
101,659 
117,039 
103,225 
132,114 
Creditors: amounts falling due within one year
(44,620)
(133,013)
Net current assets/(liabilities)
58,605 
(899)
Total assets less current liabilities
122,252 
40,181 
Creditors: amounts falling due after more than one year
(11,635)
(30,067)
Net assets
110,617 
10,114 
Capital and reserves
Called up share capital
119 
116 
Share premium
519,566 
249,990 
Profit and loss account
(409,068)
(239,992)
Shareholders' funds
110,617 
10,114 
For the year ending 30 June 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 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 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Robert Michael Macdonald Brougham Director Company Registration No. SC568120
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Braided Communications Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Braided Communications Limited is a private company, limited by shares, registered in Scotland, registration number SC568120. The registered office is 20-23 Woodside Place, Glasgow, Glasgow City, G3 7QL, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
51,350 
Additions
30,000 
At 30 June 2024
81,350 
Amortisation
At 1 July 2023
10,270 
Charge for the year
7,433 
At 30 June 2024
17,703 
Net book value
At 30 June 2024
63,647 
At 30 June 2023
41,080 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,566 
739 
Other debtors
- 
14,336 
1,566 
15,075 
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Braided Communications Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,600 
8,600 
Trade creditors
1,192 
1,992 
Taxes and social security
998 
(565)
Other creditors
21,723 
111,709 
Loans from directors
11,017 
11,017 
Deferred income
1,090 
260 
44,620 
133,013 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,635 
20,067 
Other creditors
- 
10,000 
11,635 
30,067 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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