IRIS Accounts Production v23.2.0.158 04504087 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045040872022-02-28045040872023-02-28045040872022-03-012023-02-28045040872021-02-28045040872021-03-012022-02-28045040872022-02-2804504087ns10:Originalns15:EnglandWales2022-03-012023-02-2804504087ns14:PoundSterlingns10:Original2022-03-012023-02-2804504087ns10:Originalns10:Director12022-03-012023-02-2804504087ns10:Original2022-03-012023-02-2804504087ns10:Original2023-02-2804504087ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2804504087ns10:Originalns10:SmallEntities2022-03-012023-02-2804504087ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2804504087ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2804504087ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2804504087ns10:Originalns10:FullAccounts2022-03-012023-02-2804504087ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2804504087ns10:Originalns10:Director22022-03-012023-02-2804504087ns10:Originalns10:Director32022-03-012023-02-2804504087ns10:Originalns10:Director42022-03-012023-02-2804504087ns10:Originalns10:RegisteredOffice2022-03-012023-02-2804504087ns10:Original2022-02-2804504087ns10:Originalns5:CurrentFinancialInstruments2023-02-2804504087ns10:Originalns5:CurrentFinancialInstruments2022-02-2804504087ns10:Originalns5:Non-currentFinancialInstruments2023-02-2804504087ns10:Originalns5:Non-currentFinancialInstruments2022-02-2804504087ns5:ShareCapitalns10:Original2023-02-2804504087ns5:ShareCapitalns10:Original2022-02-2804504087ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2804504087ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2804504087ns10:Originalns5:FurnitureFittings2022-03-012023-02-2804504087ns10:Originalns5:ComputerEquipment2022-03-012023-02-280450408712022-03-012023-02-2804504087ns10:Original2021-03-012022-02-2804504087ns10:Originalns5:FurnitureFittings2022-02-2804504087ns10:Originalns5:ComputerEquipment2022-02-2804504087ns10:Original2022-02-2804504087ns10:Originalns5:FurnitureFittings2023-02-2804504087ns10:Originalns5:ComputerEquipment2023-02-2804504087ns10:Originalns5:FurnitureFittings2022-02-2804504087ns10:Originalns5:ComputerEquipment2022-02-2804504087ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2804504087ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2804504087ns10:Originalns5:Non-currentFinancialInstruments2022-03-012023-02-2804504087ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 04504087 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

CHARLES BURNAND LTD

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHARLES BURNAND LTD

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr S Stewart
Mr J M Totten
Mr M Totten





REGISTERED OFFICE: 27 Whitfield Street
London
W1T 2SE





REGISTERED NUMBER: 04504087 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Statement of Financial Position
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 62,443 52,702

CURRENT ASSETS
Stocks 251,786 251,022
Debtors 5 290,141 117,701
Cash at bank and in hand 44,303 59,785
586,230 428,508
CREDITORS
Amounts falling due within one year 6 368,731 241,764
NET CURRENT ASSETS 217,499 186,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,942

239,446

CREDITORS
Amounts falling due after more than one
year

7

452,949

242,000
NET LIABILITIES (173,007 ) (2,554 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (173,009 ) (2,556 )
SHAREHOLDERS' FUNDS (173,007 ) (2,554 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Statement of Financial Position - continued
28 FEBRUARY 2023


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 21 November 2023 and were signed on its behalf by:





Mr S. Stewart - Director


CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Charles Burnand Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when the goods and services are provided to the customer.

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 - 25% on reducing balance
Computer equipment - 20% on reducing balance

No depreciation or amortisation is provided in the first year of aquisition or in the year of disposal.

Stocks
Stock and work-in progress are valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. During the year the company received funding from lenders including family and friends of the director and shareholder. The company has also received further funding since the year end and the director believes that this together with expected profits will enable the company to continue for twelve months from the date of signing these financial statements. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 March 2022 49,831 24,983 74,814
Additions 20,219 6,349 26,568
At 28 February 2023 70,050 31,332 101,382
DEPRECIATION
At 1 March 2022 9,378 12,734 22,112
Charge for year 13,746 3,081 16,827
At 28 February 2023 23,124 15,815 38,939
NET BOOK VALUE
At 28 February 2023 46,926 15,517 62,443
At 28 February 2022 40,453 12,249 52,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£ £
Trade debtors 197,988 55,521
Other debtors 92,153 62,180
290,141 117,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£ £
Bank loans and overdrafts 123,623 55,249
Trade creditors 208,804 155,615
Taxation and social security 9,714 2,733
Other creditors 26,590 28,167
368,731 241,764

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£ £
Bank loans 452,949 242,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 131,215 220,000
Other loans 321,734 22,000
452,949 242,000

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loans are secured by a personal guarantee from the director.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £ £
2 Ordinary 1 2 2