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REGISTERED NUMBER: 05603916 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BRAND SERVICES LIMITED

BRAND SERVICES LIMITED (REGISTERED NUMBER: 05603916)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRAND SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: J Preston
Ms L Pavel





SECRETARY: R M Guenin





REGISTERED OFFICE: 252 Brecknock Road
Tufnell Park
London
N19 5BQ





REGISTERED NUMBER: 05603916 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

BRAND SERVICES LIMITED (REGISTERED NUMBER: 05603916)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,294 51,376

CURRENT ASSETS
Stocks 5 478,110 291,846
Debtors 6 830,031 1,184,270
Cash at bank and in hand 1,023,650 1,133,261
2,331,791 2,609,377
CREDITORS
Amounts falling due within one year 7 2,007,945 2,194,635
NET CURRENT ASSETS 323,846 414,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,140

466,118

PROVISIONS FOR LIABILITIES 7,087 8,934
NET ASSETS 354,053 457,184

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 354,050 457,181
SHAREHOLDERS' FUNDS 354,053 457,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 30 September 2023 and were signed on its behalf by:





J Preston - Director


BRAND SERVICES LIMITED (REGISTERED NUMBER: 05603916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Brand Services Limited is a private company limited by shares, registered in England and Wales. Its registered number is 05603916 and its registered office is at 252 Brecknock Road, Tufnell Park, London, N19 5BQ.

2. ACCOUNTING POLICIES

Basis of preparation
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.

Turnover
Turnover represents the amount derived from ordinary activities and is stated after trade discounts and excluding value added tax. The company's right to income arises at the point of despatch in line with contract terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined from purchase invoice.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

BRAND SERVICES LIMITED (REGISTERED NUMBER: 05603916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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 13 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2022 19,542 25,777 48,311 30,863 124,493
Additions - - 2,155 - 2,155
At 31 December 2022 19,542 25,777 50,466 30,863 126,648
DEPRECIATION
At 1 January 2022 15,367 10,678 19,424 27,648 73,117
Charge for year 1,090 4,707 7,225 3,215 16,237
At 31 December 2022 16,457 15,385 26,649 30,863 89,354
NET BOOK VALUE
At 31 December 2022 3,085 10,392 23,817 - 37,294
At 31 December 2021 4,175 15,099 28,887 3,215 51,376

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 January 2022 30,863
Transfer to ownership (30,863 )
At 31 December 2022 -
DEPRECIATION
At 1 January 2022 27,648
Transfer to ownership (27,648 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 3,215

5. STOCKS
31.12.22 31.12.21
£    £   
Stocks 478,110 291,846

BRAND SERVICES LIMITED (REGISTERED NUMBER: 05603916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 244,883 460,532
Other debtors 585,148 723,738
830,031 1,184,270

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 3 3
Trade creditors 599,504 730,945
Taxation and social security 1,022,596 1,079,797
Other creditors 385,842 383,890
2,007,945 2,194,635

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
£    £   
Within one year - 28,104

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
J Preston
Balance outstanding at start of year 132,254 132,416
Amounts advanced 25,161 29,838
Amounts repaid (30,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127,415 132,254

Interest has been charged on the loan throughout the year.

10. RELATED PARTY DISCLOSURES

J Preston and R Guenin have provided personal guarantees to the company's bankers to a value of £30,000.