REGISTERED NUMBER: 07382236 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRILLIANT NOISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Mayfield

SECRETARY:

A P Mayfield

REGISTERED OFFICE:

Runway East

York And Elder Works

50 New England Street

Brighton

East Sussex

BN1 4AW

REGISTERED NUMBER:

07382236 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

6,028

7,093

6,028

7,093

CURRENT ASSETS

Debtors

5

60,946

81,214

Cash at bank

-

11,922

60,946

93,136

CREDITORS

Amounts falling due within one year

6

88,509

47,131

NET CURRENT (LIABILITIES)/ASSETS

(27,563

)

46,005

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,535

)

53,098

CREDITORS

Amounts falling due after more than one year

7

5,282

15,655

NET (LIABILITIES)/ASSETS

(26,817

)

37,443

CAPITAL AND RESERVES

Called up share capital

6

6

Capital redemption reserve

1

1

Retained earnings

(26,824

)

37,436

(26,817

)

37,443

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

A P Mayfield - Director

1.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

The depreciation policy has been changed to a more appropriate estimate in respect of reviewing the useful life.

Improvements to property - 10% on cost

Plant and machinery - 25% on cost

Fixtures and fittings - 25% on cost

Computer equipment - 25% on cost

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 10 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

14,000

AMORTISATION

At 1 January 2024

and 31 December 2024

14,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

17,302

Additions

4,936

At 31 December 2024

22,238

DEPRECIATION

At 1 January 2024

10,209

Charge for year

6,001

At 31 December 2024

16,210

NET BOOK VALUE

At 31 December 2024

6,028

At 31 December 2023

7,093

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

29,866

57,762

Other debtors

4,550

6,982

Directors' loan accounts

14,888

9,101

Tax

5,025

-

Prepayments

6,617

7,369

60,946

81,214

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

19,134

10,128

Trade creditors

7,168

8,916

Tax

5,025

-

VAT

30,510

15,315

Other creditors

15,802

11,086

Deferred income

6,905

-

Accrued expenses

3,965

1,686

88,509

47,131

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,282

10,383

Bank loans - 2-5 years

-

5,272

5,282

15,655

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

15,227

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A P Mayfield

Balance outstanding at start of year

9,101

6,000

Amounts advanced

15,637

5,101

Amounts repaid

(9,850

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,888

9,101

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

10.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.

11.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £64,260, and as at the year end the current liabilities exceeded current assets by £27,563.

The validity of this basis depends upon the continued support of the company's director. The director confirms that he will give the required support.