Brand New Thinking Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04687909 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BRAND NEW THINKING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

L J Bernstein

SECRETARY:

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

04687909 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

7,270

7,703

CURRENT ASSETS

Debtors

5

22,227

22,373

Investments

6

321,169

301,090

Cash at bank

103,022

74,034

446,418

397,497

CREDITORS

Amounts falling due within one year

7

47,430

41,937

NET CURRENT ASSETS

398,988

355,560

TOTAL ASSETS LESS CURRENT LIABILITIES

406,258

363,263

PROVISIONS FOR LIABILITIES

1,454

1,541

NET ASSETS

404,804

361,722

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

404,304

361,222

SHAREHOLDERS' FUNDS

404,804

361,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 6 July 2018 and were signed by:

L J Bernstein - Director

1.	STATUTORY INFORMATION

Brand New Thinking Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have made an assessment and do not consider there to be any material uncertainties about the

company's ability to continue as a going concern. As a result they have adopted the going concern basis of

accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

19,440

20,032

39,472

Additions

-

3,380

3,380

At 31 March 2018

19,440

23,412

42,852

DEPRECIATION

At 1 April 2017

13,238

18,531

31,769

Charge for year

1,240

2,573

3,813

At 31 March 2018

14,478

21,104

35,582

NET BOOK VALUE

At 31 March 2018

4,962

2,308

7,270

At 31 March 2017

6,202

1,501

7,703

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

22,227

22,373

6.	CURRENT ASSET INVESTMENTS

Market value of listed investments at 31 March 2018 - £321,169 (2017 - £301,090)

This is made up as follows:-

£

Investment value brought forward

301,090

Purchase of investments

-

Management charges rebate

-

Increase in investment value

20,079

Investment value

321,169

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

10,522

13,021

Social security and other taxes

2,161

2,115

VAT

13,297

8,528

Directors' current accounts

19,275

16,098

Accrued expenses

2,175

2,175

47,430

41,937

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.18

31.3.17

£

£

Within one year

15,000

14,000

Between one and five years

30,000

42,000

45,000

56,000

9.	RELATED PARTY DISCLOSURES

At the year end the company owed the director £19,275 (2017: £16,098). The loan is interest free and payable

on demand.

Dividends issued in the year to directors were as follows:-

2018

2017

Mr L J Bernstein

-

£22,000

Ms A M Quayle

£20,000

£25,000

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Brand New Thinking Limited for the year ended 31 March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brand New Thinking Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brand New Thinking Limited and state those matters that we have agreed to state to the director of Brand New Thinking Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brand New Thinking Limited and its director for our work or for this report.

It is your duty to ensure that Brand New Thinking Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brand New Thinking Limited. You consider that Brand New Thinking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brand New Thinking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

12 July 2018