Company Registration No. SC568120 (Scotland)
Braided Communications Limited
Unaudited accounts
for the year ended 30 June 2024
Braided Communications Limited
Unaudited accounts
Contents
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
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
Braided Communications Limited
Statement of financial position
as at 30 June 2024
Intangible assets
63,647
41,080
Cash at bank and in hand
101,659
117,039
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)
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
Braided Communications Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).