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Unaudited Financial Statements for the Year Ended 28 February 2019 |
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The Brave Marketing Collective Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 28 February 2019 |
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for |
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The Brave Marketing Collective Limited |
The Brave Marketing Collective Limited (Registered number: SC527968) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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The Brave Marketing Collective Limited |
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Company Information |
for the Year Ended 28 February 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
46 High Street |
Banchory |
Aberdeenshire |
AB31 5SR |
The Brave Marketing Collective Limited (Registered number: SC527968) |
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Statement of Financial Position |
28 February 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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The Brave Marketing Collective Limited (Registered number: SC527968) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2019 |
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1. | STATUTORY INFORMATION |
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The Brave Marketing Collective Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Turnover is measured at fair value of the consideration received or receivable and represents amounts |
for services rendered, stated net of discounts and Value Added Tax. |
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Income is recognised when the service has been provided, when the amount of revenue can be measured reliably |
and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced |
for services provided during the period the income is accrued and included in debtors under prepayments and |
accrued income. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated |
impairment losses. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Computer Equipment | - 33% straight line |
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Financial instruments |
Directors Loans (being repayable on demand), trade debtors and trade creditors are measured at the |
undiscounted amount of cash or other consideration expected to be paid or recovered. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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The Brave Marketing Collective Limited (Registered number: SC527968) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1 March 2018 |
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Disposals | ( |
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At 28 February 2019 |
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DEPRECIATION |
At 1 March 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 28 February 2019 |
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NET BOOK VALUE |
At 28 February 2019 |
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At 28 February 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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The Brave Marketing Collective Limited (Registered number: SC527968) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
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8. | RELATED PARTY DISCLOSURES |
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Mrs A L Hazell received dividends of £25,700 during the year (£29,677 in 2018). |
Mrs C E Westwell received dividends of £14,530 during the year (£29,677 in 2018). |