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REGISTERED NUMBER: 05802223 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Branch Insights Limited

Branch Insights Limited (Registered number: 05802223)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Branch Insights Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Ridgway
D Mangu





REGISTERED OFFICE: Flat 1
17 Coleherne Road
London
SW10 9BS





REGISTERED NUMBER: 05802223 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Branch Insights Limited (Registered number: 05802223)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,737 3,649

CURRENT ASSETS
Debtors 5 10,200 8,586
Cash at bank 5,397 9,958
15,597 18,544
CREDITORS
Amounts falling due within one year 6 14,110 11,121
NET CURRENT ASSETS 1,487 7,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,224

11,072

CREDITORS
Amounts falling due after more than one
year

7

4,517

7,616
NET (LIABILITIES)/ASSETS (293 ) 3,456

CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium 1,864 1,864
Retained earnings (2,159 ) 1,590
SHAREHOLDERS' FUNDS (293 ) 3,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Branch Insights Limited (Registered number: 05802223)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





J Ridgway - Director


Branch Insights Limited (Registered number: 05802223)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Branch Insights Limited is a private company, limited by shares , registered in England and Wales. 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.

The company intends to cease trading by 30 April 2025 and is therefore no longer a going concern.

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.
Computer equipment - 25% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Branch Insights Limited (Registered number: 05802223)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 5,958
DEPRECIATION
At 1 June 2023 2,309
Charge for year 912
At 31 May 2024 3,221
NET BOOK VALUE
At 31 May 2024 2,737
At 31 May 2023 3,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 4,165 6,165
Other debtors 1,784 221
Directors' loan accounts 4,251 2,200
10,200 8,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans < 1 year 2,999 2,886
Trade creditors 156 -
Tax 1,434 -
VAT 6,431 5,598
Other creditors - 1,050
Accrued expenses 3,090 1,587
14,110 11,121

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 2 - 5 years 4,517 7,616

Branch Insights Limited (Registered number: 05802223)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bounce back loan 7,516 10,502

During the year ended 31/05/21 the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 6 year period. The loan is repayable by instalments beginning 06/12/21 (1 year after the loan was agreed). Interest is then charged at 2.5% per annum from the first repayment date.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
D Mangu and J Ridgway
Balance outstanding at start of year 2,200 (468 )
Amounts advanced 2,533 2,668
Amounts repaid (482 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,251 2,200

The above was interest free, unsecured and repayable on demand.

11. RELATED PARTY DISCLOSURES

At the balance sheet date £4,165 (2023: £6,165) was due to Branch Insights from Calibrus Limited (the parent company) and included in debtors within 1 year. There is no interest being charged on the loan.

12. POST BALANCE SHEET EVENTS

As disclosed in the accounting policies at Note 2, the company intends to cease trading by 30 April 2025 and is no longer a going concern.