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REGISTERED NUMBER: 08409292 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

BRANDSAVER (UK) LIMITED

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRANDSAVER (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2023







DIRECTORS: Mr R S Goldman
Mr H S Goldman
Mr A P Goldman
Mr A Hobson





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 08409292 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

BALANCE SHEET
31st August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,305 1,935

CURRENT ASSETS
Stocks 101,362 115,000
Debtors 5 62,085 26,227
Cash at bank 67,423 58,045
230,870 199,272
CREDITORS
Amounts falling due within one year 6 (139,185 ) (65,925 )
NET CURRENT ASSETS 91,685 133,347
TOTAL ASSETS LESS CURRENT LIABILITIES 95,990 135,282

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 95,890 135,182
SHAREHOLDERS' FUNDS 95,990 135,282

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

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

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

BALANCE SHEET - continued
31st August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th March 2024 and were signed on its behalf by:





Mr A P Goldman - Director


BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023


1. STATUTORY INFORMATION

Brandsaver (UK) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08409292. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and principal place of business is 90 North Street, Manchester, M8 8RA.

The financial statements are prepared in Sterling, which is also the functional currency of the Company.

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.

Going concern
The concept of going concern is an underlying assumption in the production of financial statements despite the company having made a loss in both the current and prior year. Although there is no formal agreement in place the directors have indicated they will continue to provide financial support to the company for at least the next 12 months.

Turnover
Turnover represents amounts recognised by the company in respect to goods supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the sale of toiletries, household, non-foods, own label, food, confectionary and soft drink products.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any provisions for impairment. Tangible fixed assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Depreciation on other tangible fixed assets is charged to the profit or loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer equipment - 20% Straight Line
Plant & Machinery - 20% Straight Line

At each reporting date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise purchase, duty and carriage are based on the method most appropriate to the type of stock, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Provisions are made for obsolete, slow moving or defective items where appropriate.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate for the year. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2022 - 2,080 2,080
Additions 2,740 449 3,189
At 31st August 2023 2,740 2,529 5,269
DEPRECIATION
At 1st September 2022 - 145 145
Charge for year 365 454 819
At 31st August 2023 365 599 964
NET BOOK VALUE
At 31st August 2023 2,375 1,930 4,305
At 31st August 2022 - 1,935 1,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,318 8,091
Other debtors 8,767 18,136
62,085 26,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,554 12,616
Taxation and social security 11,779 -
Other creditors 115,852 53,309
139,185 65,925

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
45 Ordinary A £1 45 45
5 Ordinary B £1 5 5
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are loans owed to the directors, the amounts owing from the company at the balance sheet date is £231 (2022 - owing from the company of £231). All loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company has made the following transactions with companies which are related parties by virtue of common control:

Creditor at date of balance sheet £120,011 (2022 - £45,638)
Purchases during the period £546,958 (2022 - £582,468)
Sales during the period £11,909 (2022 - £Nil)