Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 March 2024 30 March 2024 13494399 Miss Katarzyna Borowska Mr Peter Bebbington Brainpool Ltd 45 Albemarle Street, 3rd Floor, Mayfair, London, England, W1S 4JL true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13494399 2023-03-31 13494399 2024-03-30 13494399 2023-04-01 2024-03-30 13494399 frs-core:CurrentFinancialInstruments 2024-03-30 13494399 frs-core:Non-currentFinancialInstruments 2024-03-30 13494399 frs-core:ComputerEquipment 2024-03-30 13494399 frs-core:ComputerEquipment 2023-04-01 2024-03-30 13494399 frs-core:ComputerEquipment 2023-03-31 13494399 frs-core:ShareCapital 2024-03-30 13494399 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 13494399 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 13494399 frs-bus:FilletedAccounts 2023-04-01 2024-03-30 13494399 frs-bus:SmallEntities 2023-04-01 2024-03-30 13494399 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 13494399 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 13494399 1 2023-04-01 2024-03-30 13494399 frs-bus:Director1 2023-04-01 2024-03-30 13494399 frs-bus:Director1 2023-03-31 13494399 frs-bus:Director1 2024-03-30 13494399 frs-bus:Director2 2023-04-01 2024-03-30 13494399 frs-countries:EnglandWales 2023-04-01 2024-03-30 13494399 2022-03-31 13494399 2023-03-31 13494399 2022-04-01 2023-03-31 13494399 frs-core:CurrentFinancialInstruments 2023-03-31 13494399 frs-core:Non-currentFinancialInstruments 2023-03-31 13494399 frs-core:ShareCapital 2023-03-31 13494399 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13494399
Brainpool Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 30 March 2024
Transform Tax and Accounts
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13494399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,843 535
19,843 535
CURRENT ASSETS
Debtors 5 387,950 279,552
Cash at bank and in hand 55,078 53,721
443,028 333,273
Creditors: Amounts Falling Due Within One Year 6 (105,295 ) (130,645 )
NET CURRENT ASSETS (LIABILITIES) 337,733 202,628
TOTAL ASSETS LESS CURRENT LIABILITIES 357,576 203,163
Creditors: Amounts Falling Due After More Than One Year 7 (89,881 ) (182,177 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,797 ) -
NET ASSETS 262,898 20,986
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 262,888 20,976
SHAREHOLDERS' FUNDS 262,898 20,986
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For the year ending 30 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Katarzyna Borowska
Director
24/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Brainpool Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13494399 . The registered office is 45 Albemarle Street, 3rd Floor, Mayfair, London, W1S 4JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.  Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 4
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 541
Additions 21,705
As at 30 March 2024 22,246
Depreciation
As at 1 April 2023 6
Provided during the period 2,397
As at 30 March 2024 2,403
Net Book Value
As at 30 March 2024 19,843
As at 1 April 2023 535
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 385,446 279,450
Prepayments and accrued income 895 -
Other debtors 527 102
Directors' loan accounts 434 -
Amounts owed by subsidiaries 648 -
387,950 279,552
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,111 30,447
Corporation tax - 57
Other taxes and social security 17,193 -
VAT 59,248 38,157
Other creditors 1,743 1,784
Accruals and deferred income 2,000 60,200
105,295 130,645
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to subsidiaries 89,881 182,177
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,797 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: £434 (2023: NIL) 
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 30 March 2024
£ £ £ £ £
Miss Katarzyna Borowska - 434 - - 434
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
The amount owed to related parties is a loan of £89,881.39 (2023: £182,177.03) from Brainpool Ltd, a Private Company Limited By Shares in England and Wales that owns and controls Brainpool Consultancy Ltd. Interest of 2.25% was added to the loan, equivalent to the HMRC beneficial loan rate, and it is repayable on demand.
The amount owed by group undertakings is a loan of £647.83 (2023: NIL) to Brainpool Products Ltd, a Private Company Limited By Shares in England and Wales owned and controlled by Brainpool Ltd. Interest of 2.25% was added to the loan, equivalent to the HMRC beneficial loan rate, and it is repayable on demand.
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Brainpool Ltd . Brainpool Ltd was incorporated in England and Wales. The company has taken advantage of the exemption under section 1A of FRS 102 from preparing consolidated financial statements, as it is a member of a small group. The ultimate controlling party is Brainpool Ltd who controls 100% of the shares of Brainpool Consultancy Ltd .
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