Bricklane Technologies Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09170265

Bricklane Technologies Limited

Filleted Unaudited Financial Statements

31 December 2024

Bricklane Technologies Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Bricklane Technologies Limited

Officers and Professional Advisers

The board of directors	M N Young
	S Heawood
	C Lauterpacht
	G Dewerpe

Registered office	19-23 Ironmonger Row
	London
	EC1V 3QN

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Bricklane Technologies Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Bricklane Technologies Limited

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Bricklane Technologies Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	7	11,613	30,777

Current assets

Debtors	8	488,626	535,940
Cash at bank and in hand		138,240	2,637,804
		---------	------------
		626,866	3,173,744

Creditors: amounts falling due within one year	9	( 486,448)	( 550,504)
		---------	------------
Net current assets		140,418	2,623,240
		---------	------------
Total assets less current liabilities		152,031	2,654,017

Creditors: amounts falling due after more than one year	10	( 6,829)	( 15,013)
		---------	------------
Net assets		145,202	2,639,004
		---------	------------

Capital and reserves

Called up share capital	11	9	9
Share premium account		25,444,125	24,553,856
Profit and loss account		( 25,298,932)	( 21,914,861)
		-------------	-------------
Shareholders funds		145,202	2,639,004
		-------------	-------------

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 comprehensive income has not been delivered.

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bricklane Technologies Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 12 January 2026 , and are signed on behalf of the board by:

M N Young

Director

Company registration number: 09170265

Bricklane Technologies Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19-23 Ironmonger Row, London, EC1V 3QN.

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 fixed assets. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The directors, in making their assessment of going concern, are aware of a general uncertainty that may cast doubt upon the company's ability to carry on as a going concern. The directors will take all necessary action to ensure that the company will continue to be a going concern and that the going concern basis is appropriate. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

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:

	Other	-	33% straight line

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.

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:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 38 (2023: 48 ).

5. Exceptional items

Included with administrative expenses is an amount of £nil (2023 : £430,468) in relation to media credits that were carried forward each year within debtors and expensed when utilised by the company. During 2023, these media credits expired in their entirety, therefore the total amount of the debtor of £430,468 has been released to expenses in 2023.

6. Intangible assets

	Other
	£
Cost
At 1 January 2024 and 31 December 2024	225,892
	---------
Amortisation
At 1 January 2024 and 31 December 2024	225,892
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	–
	---------

7. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	89,928	3,449	93,377
Additions	1,699	1,677	3,376
Disposals	( 23,871)	–	( 23,871)
	--------	-------	--------
At 31 December 2024	67,756	5,126	72,882
	--------	-------	--------
Depreciation
At 1 January 2024	61,335	1,265	62,600
Charge for the year	16,560	767	17,327
Disposals	( 18,658)	–	( 18,658)
	--------	-------	--------
At 31 December 2024	59,237	2,032	61,269
	--------	-------	--------
Carrying amount
At 31 December 2024	8,519	3,094	11,613
	--------	-------	--------
At 31 December 2023	28,593	2,184	30,777
	--------	-------	--------

8. Debtors

	2024	2023
	£	£
Trade debtors	21,600	117,934
Other debtors	467,026	418,006
	---------	---------
	488,626	535,940
	---------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans	7,826	7,010
Trade creditors	131,454	244,331
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,664	( 1,981)
Social security and other taxes	326,792	272,817
Other creditors	18,712	28,327
	---------	---------
	486,448	550,504
	---------	---------

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans	6,829	15,013
	-------	--------

11. Called up share capital

During the year, the company issued 153,447 equity shares of £0.000001 each for a total consideration of £890,269.