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REGISTERED NUMBER: 10555108 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

The Branded Items Group Ltd

The Branded Items Group Ltd (Registered number: 10555108)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Branded Items Group Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr S Fairhurst
Mrs L Fairhurst





SECRETARY: Mr S Fairhurst





REGISTERED OFFICE: 1st Floor
Ena Works Building
Volunteer Street
ST HELENS
Merseyside
WA10 2AY





REGISTERED NUMBER: 10555108 (England and Wales)





ACCOUNTANTS: GR Taylor & Co Accountants
54-56 Ormskirk Street
ST HELENS
Merseyside
WA10 2TF

The Branded Items Group Ltd (Registered number: 10555108)

Abridged Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 57 71
Tangible assets 5 15,162 15,662
15,219 15,733

CURRENT ASSETS
Stocks and WIP 10,676 9,975
Debtors - 32,663
Cash at bank 34,601 19,744
45,277 62,382
CREDITORS
Amounts falling due within one year 18,521 30,750
NET CURRENT ASSETS 26,756 31,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,975

47,365

CREDITORS
Amounts falling due after more than one
year

34,510

39,216
NET ASSETS 7,465 8,149

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7,265 7,949
SHAREHOLDERS' FUNDS 7,465 8,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The Branded Items Group Ltd (Registered number: 10555108)

Abridged Balance Sheet - continued
31 January 2023



The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr S Fairhurst - Director


The Branded Items Group Ltd (Registered number: 10555108)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The Branded Items Group 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and wip to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

The Branded Items Group Ltd (Registered number: 10555108)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 142
AMORTISATION
At 1 February 2022 71
Amortisation for year 14
At 31 January 2023 85
NET BOOK VALUE

At 31 January 2023 57
At 31 January 2022 71

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 21,426
Additions 4,552
At 31 January 2023 25,978
DEPRECIATION
At 1 February 2022 5,764
Charge for year 5,052
At 31 January 2023 10,816
NET BOOK VALUE
At 31 January 2023 15,162
At 31 January 2022 15,662