Bragaglia Investments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10002381

Bragaglia Investments Ltd

Filleted Unaudited Financial Statements

28 February 2025

Bragaglia Investments Ltd

Financial Statements

Year ended 28 February 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Bragaglia Investments Ltd

Balance Sheet

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	1,000	2,000
Tangible assets	6	49,863	56,811
		--------	--------
		50,863	58,811

Current assets

Stocks		5,910	3,995
Debtors	7	339,715	68,410
Cash at bank and in hand		860,374	700,716
		------------	---------
		1,205,999	773,121

Creditors: amounts falling due within one year	8	419,217		310,917
		------------		---------
Net current assets			786,782	462,204
			---------	---------
Total assets less current liabilities			837,645	521,015
			---------	---------
Net assets			837,645	521,015
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	837,545	520,915
	---------	---------
Shareholders funds	837,645	521,015
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bragaglia Investments Ltd

Balance Sheet (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

Mr L Bragaglia
Director

Company registration number: 10002381

Bragaglia Investments Ltd

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website development	-	Straight line over 4 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, fittings and equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 13 ).

5. Intangible assets

	Website development
	£
Cost
At 1 March 2024 and 28 February 2025	4,000
	-------
Amortisation
At 1 March 2024	2,000
Charge for the year	1,000
	-------
At 28 February 2025	3,000
	-------
Carrying amount
At 28 February 2025	1,000
	-------
At 29 February 2024	2,000
	-------

6. Tangible assets

	Fixtures, fittings and equipment
	£
Cost
At 1 March 2024	147,968
Additions	5,518
	---------
At 28 February 2025	153,486
	---------
Depreciation
At 1 March 2024	91,157
Charge for the year	12,466
	---------
At 28 February 2025	103,623
	---------
Carrying amount
At 28 February 2025	49,863
	---------
At 29 February 2024	56,811
	---------

7. Debtors

	2025	2024
	£	£
Prepayments and accrued income	22,752	15,884
Director's loan account	–	8,757
Other debtors	316,963	43,769
	---------	--------
	339,715	68,410
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	48,668	59,953
Accruals and deferred income	6,667	12,985
Corporation tax	127,867	109,048
Social security and other taxes	95,447	110,752
Director loan accounts	57,674	–
Other creditors	82,894	18,179
	---------	---------
	419,217	310,917
	---------	---------

9. Director's advances, credits and guarantees

as at 1 March 2024	Amount advanced	Amount repaid	as at 28 Feb 2025
£	£	£	£

Director advances	8,757	123,296	(189,727)	(57,674)
Shareholder advances	5,078	106,338	(194,310)	(82,894)