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Braiden Acoustics Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Braiden Accounts Limited
Chartered Accountants
26 Waterfront
Brighton Marina Village
Brighton
East Sussex
BN2 5WA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06748206
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127 18
127 18
CURRENT ASSETS
Debtors 5 16,207 16,026
Cash at bank and in hand (2,720 ) (2,192 )
13,487 13,834
Creditors: Amounts Falling Due Within One Year 6 (57,499 ) (44,494 )
NET CURRENT ASSETS (LIABILITIES) (44,012 ) (30,660 )
TOTAL ASSETS LESS CURRENT LIABILITIES (43,885 ) (30,642 )
NET LIABILITIES (43,885 ) (30,642 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (43,985 ) (30,742 )
SHAREHOLDERS' FUNDS (43,885) (30,642)
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Braiden
Director
30/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Braiden Acoustics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06748206 . The registered office is 32 Fairfiled Street, Irams O'TH' Height, Salford, Greater Manchester, M6 7FW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 33% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 6,099 833 60 2,049 9,041
As at 31 December 2024 6,099 833 60 2,049 9,041
Depreciation
As at 1 January 2024 6,099 833 42 2,049 9,023
Provided during the period (109 ) - - - (109 )
As at 31 December 2024 5,990 833 42 2,049 8,914
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 109 - 18 - 127
As at 1 January 2024 - - 18 - 18
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,822 3,224
Director's loan account 11,385 12,802
16,207 16,026
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,207 1,489
Bank loans and overdrafts 7,043 10,949
Corporation tax (470 ) (470 )
Other taxes and social security 29,378 20,412
VAT 15,098 7,001
Net wages 5,243 5,113
57,499 44,494
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 3