IRIS Accounts Production v25.1.0.734 10877880 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 0 0 false true false false true false 941 2473250 941 2474191 941 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108778802023-07-31108778802024-07-31108778802023-08-012024-07-31108778802022-07-31108778802022-08-012023-07-31108778802023-07-3110877880ns15:EnglandWales2023-08-012024-07-3110877880ns14:PoundSterling2023-08-012024-07-3110877880ns10:Director12023-08-012024-07-3110877880ns10:Director22023-08-012024-07-3110877880ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3110877880ns10:SmallEntities2023-08-012024-07-3110877880ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3110877880ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3110877880ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110877880ns10:FullAccounts2023-08-012024-07-3110877880ns10:Director2422023-07-3110877880ns10:Director2422023-08-012024-07-3110877880ns10:Director2422022-08-012023-07-3110877880ns10:Director2422024-07-3110877880ns10:Director2422023-07-3110877880ns10:RegisteredOffice2023-08-012024-07-3110877880ns5:CurrentFinancialInstruments2024-07-3110877880ns5:CurrentFinancialInstruments2023-07-3110877880ns5:ShareCapital2024-07-3110877880ns5:ShareCapital2023-07-3110877880ns5:RetainedEarningsAccumulatedLosses2024-07-3110877880ns5:RetainedEarningsAccumulatedLosses2023-07-3110877880ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3110877880ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31108778801ns10:Director12023-07-31108778801ns10:Director12022-07-31108778801ns10:Director12023-08-012024-07-31108778801ns10:Director12022-08-012023-07-31108778801ns10:Director12024-07-31108778801ns10:Director12023-07-31
REGISTERED NUMBER: 10877880 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Bravestar Engineering Limited

Bravestar Engineering Limited (Registered number: 10877880)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bravestar Engineering Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: N B Spafford
Mrs S Spafford





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Road
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 10877880 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Bravestar Engineering Limited (Registered number: 10877880)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Debtors 4 3,674,191 45,334
Cash at bank and in hand 37,075 37,200
3,711,266 82,534
CREDITORS
Amounts falling due within one year 5 2,828,679 82,427
NET CURRENT ASSETS 882,587 107
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,587

107

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 882,486 6
SHAREHOLDERS' FUNDS 882,587 107

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

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

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 11 April 2025 and were signed on its behalf by:




N B Spafford - Director



Mrs S Spafford - Director


Bravestar Engineering Limited (Registered number: 10877880)

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

1. STATUTORY INFORMATION

Bravestar Engineering 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 3,674,191 45,334

Bravestar Engineering Limited (Registered number: 10877880)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 394,263 82,427
Other creditors 2,434,416 -
2,828,679 82,427

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
N B Spafford and Mrs S Spafford
Balance outstanding at start of year 941 -
Amounts advanced 2,473,250 941
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,474,191 941

The loan to the director is repayable on demand.