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Company Registration No. 11340360 (England and Wales)
Brinnovate Ltd Unaudited accounts for the year ended 31 March 2025
Brinnovate Ltd Unaudited accounts Contents
Page
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Brinnovate Ltd Company Information for the year ended 31 March 2025
Director
Dr Madhu Darshan Kumar Bhabuta
Company Number
11340360 (England and Wales)
Registered Office
46 John Repton Gardens Bristol BS10 6TH United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Brinnovate Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,946 
53,927 
Current assets
Inventories
12,600 
15,099 
Debtors
434 
- 
Cash at bank and in hand
155,707 
182,501 
168,741 
197,600 
Creditors: amounts falling due within one year
(18,286)
(55,301)
Net current assets
150,455 
142,299 
Total assets less current liabilities
193,401 
196,226 
Provisions for liabilities
Deferred tax
(8,160)
(12,878)
Net assets
185,241 
183,348 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
185,141 
183,248 
Shareholders' funds
185,241 
183,348 
For the year ending 31 March 2025 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 1 May 2025 and were signed on its behalf by
Dr Madhu Darshan Kumar Bhabuta Director Company Registration No. 11340360
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Brinnovate Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Brinnovate Ltd is a private company, limited by shares, registered in England and Wales, registration number 11340360. The registered office is 46 John Repton Gardens, Bristol, BS10 6TH, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Brinnovate Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2024
74,884 
Additions
4,133 
At 31 March 2025
79,017 
Depreciation
At 1 April 2024
20,957 
Charge for the year
15,114 
At 31 March 2025
36,071 
Net book value
At 31 March 2025
42,946 
At 31 March 2024
53,927 
5
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Dr Bhabuta was £4,036, a movement of £138 from the £3,898 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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