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
BRANDS BARGAIN LTD
Company Information
for the year ended 31 May 2023
Company Number
11391799 (England and Wales)
Registered Office
UNIT 3B FIRST FLOOR MOHAIR MILLS
GIBSON STREET
BRADFORD
BD3 9TR
ENGLAND
BRANDS BARGAIN LTD
Statement of financial position
as at 31 May 2023
Inventories
224,490
355,000
Cash at bank and in hand
406,098
65,285
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
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
BRANDS BARGAIN LTD
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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Average number of employees
During the year the average number of employees was 5 (2022: 4).