1 January 2024 false No description of principal activity Taxfiler 2024.6 12274591 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12274591 2023-12-31 12274591 2024-01-01 2024-12-31 12274591 business:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12274591 business:FilletedAccounts 2024-01-01 2024-12-31 12274591 2024-12-31 12274591 2023-12-31 12274591 core:WithinOneYear 2024-12-31 12274591 core:WithinOneYear 2023-12-31 12274591 core:AfterOneYear 2024-12-31 12274591 core:AfterOneYear 2023-12-31 12274591 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 12274591 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 12274591 core:SharePremium core:PreviouslyStatedAmount 2024-12-31 12274591 core:SharePremium core:PreviouslyStatedAmount 2023-12-31 12274591 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 12274591 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 12274591 core:PreviouslyStatedAmount 2024-12-31 12274591 core:PreviouslyStatedAmount 2023-12-31 12274591 business:SmallEntities 2024-01-01 2024-12-31 12274591 business:Director1 2024-01-01 2024-12-31 12274591 countries:EnglandWales 2024-01-01 2024-12-31 12274591 business:RegisteredOffice 2024-01-01 2024-12-31 12274591 core:MotorVehicles 2024-01-01 2024-12-31 12274591 core:MotorVehicles 2023-12-31 12274591 core:MotorVehicles 2024-12-31 12274591 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12274591 (England and Wales)
BRAVANARK NETWORK LTD Unaudited accounts for the year ended 31 December 2024
BRAVANARK NETWORK LTD Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
BRAVANARK NETWORK LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Investments
5
132,750
132,750
Current assets
Inventories
1,520
250
Debtors
6
49,788
33,823
Cash at bank and in hand
11,290
7,955
62,598
42,028
Creditors: amounts falling due within one year
7
(15,277)
(33,431)
Net current assets
47,321
8,597
Total assets less current liabilities
180,071
141,347
Creditors: amounts falling due after more than one year
8
(172,850)
(132,750)
Net assets
7,221
8,597
Capital and reserves
Called up share capital
100
100
Share premium
10,000
10,000
Profit and loss account
(2,879)
(1,503)
Shareholders' funds
7,221
8,597
For the year 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 director acknowledges his 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 and authorised for issue on 16 September 2025 and were signed on its behalf by
Muhammad Alam Director Company Registration No. 12274591
- 3 -
BRAVANARK NETWORK LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BRAVANARK NETWORK LTD is a private company, limited by shares, registered in England and Wales, registration number 12274591. The registered office is 60 Mill Mead Business Centre, Mill Mead Road, London, N17 9QU, 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
5 Years Straight Line Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 January 2024
3,520
At 31 December 2024
3,520
Depreciation
At 1 January 2024
3,520
At 31 December 2024
3,520
Net book value
At 31 December 2024
-
- 4 -
BRAVANARK NETWORK LTD Notes to the Accounts for the year ended 31 December 2024
5
Investments
Other investments
£
Valuation at 1 January 2024
132,750
Valuation at 31 December 2024
132,750
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
3,288
3,823
Amounts falling due after more than one year
Amounts due from group undertakings etc.
46,500
30,000
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
282
434
Trade creditors
6,443
19,300
Other creditors
102
100
Loans from directors
3,675
7,147
Accruals
4,775
6,450
15,277
33,431
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and other participating interests
172,850
132,750
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -