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Company Registration No. 11391799 (England and Wales)
BRANDS BARGAIN LTD Unaudited accounts for the year ended 31 May 2023
BRANDS BARGAIN LTD Unaudited accounts Contents
Page
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BRANDS BARGAIN LTD Company Information for the year ended 31 May 2023
Director
MAHVEEN RAZA
Company Number
11391799 (England and Wales)
Registered Office
UNIT 3B FIRST FLOOR MOHAIR MILLS GIBSON STREET BRADFORD BD3 9TR ENGLAND
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BRANDS BARGAIN LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
224,490 
355,000 
Debtors
69,598 
15,058 
Cash at bank and in hand
406,098 
65,285 
700,186 
435,343 
Creditors: amounts falling due within one year
(296,104)
(148,508)
Net current assets
404,082 
286,835 
Total assets less current liabilities
404,082 
286,835 
Creditors: amounts falling due after more than one year
(27,980)
(38,867)
Net assets
376,102 
247,968 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
376,002 
247,868 
Shareholders' funds
376,102 
247,968 
For the year ending 31 May 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 23 February 2024 and were signed on its behalf by
MAHVEEN RAZA Director Company Registration No. 11391799
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BRANDS BARGAIN LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
BRANDS BARGAIN LTD is a private company, limited by shares, registered in England and Wales, registration number 11391799. The registered office is UNIT 3B FIRST FLOOR MOHAIR MILLS, GIBSON STREET, BRADFORD, BD3 9TR, ENGLAND.
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
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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