Bracebeam Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07893767

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BRACEBEAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Vrachimis

Ms M Vrachimi

REGISTERED OFFICE:

2nd Floor, 9 Chapel Place

London

EC2A 3DQ

REGISTERED NUMBER:

07893767

ACCOUNTANTS:

Westminster Accountancy Ltd

Accountants

Westminster House

9 Chapel Place

Rivington Street

London

EC2A 3DQ

CURRENT ASSETS

Debtors

4

481,501

462,801

Cash at bank

149,518

156,159

631,019

618,960

CREDITORS

Amounts falling due within one year

5

902

1,352

NET CURRENT ASSETS

630,117

617,608

TOTAL ASSETS LESS CURRENT LIABILITIES

630,117

617,608

CREDITORS

Amounts falling due after more than one year

6

1,617,153

1,617,153

NET LIABILITIES

(987,036

)

(999,545

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(987,038

)

(999,547

)

SHAREHOLDERS' FUNDS

(987,036

)

(999,545

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2022 and were signed on its behalf by:

I Vrachimis - Director

1.	STATUTORY INFORMATION

Bracebeam Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

€

€

Other debtors

481,501

462,801

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

€

€

Trade creditors

2

2

Other creditors

900

1,350

902

1,352

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

€

€

Other creditors

1,617,153

1,617,153