Company Registration No. SC786086 (Scotland)
Brain Innovation Ltd
Unaudited accounts
for the period from 16 October 2023 to 31 December 2024
Brain Innovation Ltd
Unaudited accounts
Contents
Brain Innovation Ltd
Company Information
for the period from 16 October 2023 to 31 December 2024
Directors
Md Arif Reza Anwary
Nazia Islam Purba
Company Number
SC786086 (Scotland)
Registered Office
Tay House (Office No: 2027) Glasgow
Charing Cross
300 Bath Street
Glasgow
Lanarkshire
G2 4JR
Scotland
Accountants
Signature Accountants Ltd
Flat 4
7 Station Approach
Sutton
SM2 6BW
Brain Innovation Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
3,772
Creditors: amounts falling due within one year
(2,699)
Profit and loss account
2,252
For the period ending 31 December 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 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 of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Md Arif Reza Anwary
Director
Company Registration No. SC786086
Brain Innovation Ltd
Notes to the Accounts
for the period from 16 October 2023 to 31 December 2024
Brain Innovation Ltd is a private company, limited by shares, registered in Scotland, registration number SC786086. The registered office is Tay House (Office No: 2027) Glasgow, Charing Cross, 300 Bath Street, Glasgow, Lanarkshire, G2 4JR, Scotland.
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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 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.
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:
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 16 October 2023
291
1,472
1,763
At 31 December 2024
291
1,472
1,763
Charge for the period
96
486
582
At 31 December 2024
96
486
582
At 31 December 2024
195
986
1,181
Brain Innovation Ltd
Notes to the Accounts
for the period from 16 October 2023 to 31 December 2024
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Creditors: amounts falling due within one year
2024
Taxes and social security
256
Loans from directors
1,163
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Average number of employees
During the period the average number of employees was 2.