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REGISTERED NUMBER: 06637986 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Brand Interiors Limited

Brand Interiors Limited (Registered number: 06637986)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brand Interiors Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs J Smith
B A Knowles
A D H Smith





SECRETARY: Mrs J Smith





REGISTERED OFFICE: Vine Mill
Brookside Street
Oswaldtwistle
Lancashire
BB5 3PX





REGISTERED NUMBER: 06637986 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Suite 46
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR

Brand Interiors Limited (Registered number: 06637986)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,485 373,217

CURRENT ASSETS
Stocks 695,000 762,910
Debtors 5 405,980 117,799
Cash at bank and in hand 84,849 111,589
1,185,829 992,298
CREDITORS
Amounts falling due within one year 6 866,988 1,061,936
NET CURRENT ASSETS/(LIABILITIES) 318,841 (69,638 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,326

303,579

CREDITORS
Amounts falling due after more than one
year

7

(178,245

)

(264,617

)

PROVISIONS FOR LIABILITIES (3,222 ) (1,870 )
NET ASSETS 141,859 37,092

CAPITAL AND RESERVES
Called up share capital 75 75
Retained earnings 141,784 37,017
SHAREHOLDERS' FUNDS 141,859 37,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Brand Interiors Limited (Registered number: 06637986)

Balance Sheet - continued
30 June 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 1 February 2024 and were signed on its behalf by:




B A Knowles - Director



A D H Smith - Director


Brand Interiors Limited (Registered number: 06637986)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Brand Interiors 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 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.

Brand Interiors Limited (Registered number: 06637986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

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 45 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022 416,284 52,097 15,146
Disposals (410,594 ) - -
At 30 June 2023 5,690 52,097 15,146
DEPRECIATION
At 1 July 2022 61,900 49,578 15,092
Charge for year 781 1,147 54
Eliminated on disposal (58,033 ) - -
At 30 June 2023 4,648 50,725 15,146
NET BOOK VALUE
At 30 June 2023 1,042 1,372 -
At 30 June 2022 354,384 2,519 54

Brand Interiors Limited (Registered number: 06637986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 128,050 47,557 659,134
Disposals - - (410,594 )
At 30 June 2023 128,050 47,557 248,540
DEPRECIATION
At 1 July 2022 112,785 46,562 285,917
Charge for year 13,194 995 16,171
Eliminated on disposal - - (58,033 )
At 30 June 2023 125,979 47,557 244,055
NET BOOK VALUE
At 30 June 2023 2,071 - 4,485
At 30 June 2022 15,265 995 373,217

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 91,809
DEPRECIATION
At 1 July 2022 77,313
Charge for year 12,425
At 30 June 2023 89,738
NET BOOK VALUE
At 30 June 2023 2,071
At 30 June 2022 14,496

Brand Interiors Limited (Registered number: 06637986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 6,206 33,747
Amounts owed by group undertakings 36,000 -
Other debtors 7,967 8,251
Directors' current accounts - 16,101
Prepayments and accrued income 57,807 59,700
107,980 117,799

Amounts falling due after more than one year:
Amounts owed by group undertakings 298,000 -

Aggregate amounts 405,980 117,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 84,461 84,460
Hire purchase contracts 10,259 10,259
Trade creditors 452,431 483,045
Tax 133,748 195,907
Social security and other taxes 13,077 31,623
VAT 85,919 177,284
Other creditors 6,462 8,592
Net wages 59,080 56,007
Other deductions - 2,056
Directors' current accounts 4,607 3,000
Accrued expenses 16,944 9,703
866,988 1,061,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 84,461 84,461
Bank loans - 2-5 years 87,088 163,201
Hire purchase contracts 6,696 16,955
178,245 264,617