1 March 2022 false No description of principal activity Taxfiler 2023.10.1 SC690326business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC6903262022-02-28 SC6903262022-03-012023-02-28 SC690326business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 SC690326business:FilletedAccounts2022-03-012023-02-28 SC6903262023-02-28 SC690326business:Director12022-03-012023-02-28 SC690326business:RegisteredOffice2022-03-012023-02-28 SC6903262022-02-28 SC690326core:WithinOneYear2023-02-28 SC690326core:WithinOneYear2022-02-28 SC690326core:AfterOneYear2023-02-28 SC690326core:AfterOneYear2022-02-28 SC690326core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC690326core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC690326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC690326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC690326core:PreviouslyStatedAmount2023-02-28 SC690326core:PreviouslyStatedAmount2022-02-28 SC690326business:SmallEntities2022-03-012023-02-28 SC690326countries:Scotland2022-03-012023-02-28 SC690326core:PlantMachinery2022-03-012023-02-28 SC690326core:PlantMachinery2022-02-28 SC690326core:PlantMachinery2023-02-28 SC6903262021-02-252022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC690326 (Scotland)
Brand Co-Lab LTD Unaudited accounts for the year ended 28 February 2023
Brand Co-Lab LTD Unaudited accounts Contents
Page
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Brand Co-Lab LTD Company Information for the year ended 28 February 2023
Director
CHRIS TAGUE
Company Number
SC690326 (Scotland)
Registered Office
37 Dollarbeg Park Dollar FK14 7LJ
Accountants
Clark & Deen Taxpro Limited Benson House, Suite D 98-104 Lombard Street Birmingham West Midlands B12 0QR
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Brand Co-Lab LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,753 
1,650 
Current assets
Debtors
14,741 
13 
Cash at bank and in hand
63,909 
37,495 
78,650 
37,508 
Creditors: amounts falling due within one year
(23,370)
(11,565)
Net current assets
55,280 
25,943 
Total assets less current liabilities
57,033 
27,593 
Creditors: amounts falling due after more than one year
(1,250)
(1,000)
Net assets
55,783 
26,593 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
55,683 
26,493 
Shareholders' funds
55,783 
26,593 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2023 and were signed on its behalf by
CHRIS TAGUE Director Company Registration No. SC690326
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Brand Co-Lab LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Brand Co-Lab LTD is a private company, limited by shares, registered in Scotland, registration number SC690326. The registered office is 37 Dollarbeg Park, Dollar, FK14 7LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
2,063 
Additions
541 
At 28 February 2023
2,604 
Depreciation
At 1 March 2022
413 
Charge for the year
438 
At 28 February 2023
851 
Net book value
At 28 February 2023
1,753 
At 28 February 2022
1,650 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
91 
13 
Trade debtors
14,650 
- 
14,741 
13 
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Brand Co-Lab LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
23,370 
10,676 
Loans from directors
- 
889 
23,370 
11,565 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Accruals
1,250 
1,000 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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