Registered number
07849147
Brands2Market (UK) Limited
Filleted Accounts
31 March 2023
Brands2Market (UK) Limited
Registered number: 07849147
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 5,581 -
Cash at bank and in hand 29,683 14,915
35,264 14,915
Creditors: amounts falling due within one year 5 (9,915) (7,420)
Net current assets 25,349 7,495
Net assets 25,349 7,495
Capital and reserves
Called up share capital 90 90
Profit and loss account 25,259 7,405
Shareholder's funds 25,349 7,495
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P D Weinstein, Esq
Director
Approved by the board on 7 March 2024
Brands2Market (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services, which is recognised by reference to the stage of completion of the contract and is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 851
At 31 March 2023 851
Depreciation
At 1 April 2022 851
At 31 March 2023 851
Net book value
At 31 March 2023 -
4 Debtors 2023 2022
£ £
Other debtors 5,581 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 6,369 1,126
Other creditors 3,546 6,294
9,915 7,420
Included in Other debtors is (£5,581) owed by the director to the company. The balance in the previous year was £2,706 owed to the director.
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P D Weinstein, Esq
Current account (2,706) 12,787 (4,500) 5,581
(2,706) 12,787 (4,500) 5,581
The loan was repaid following the year end.
7 Controlling party
The company is controlled by the director, P D Weinstein, Esq, who owns the entire share capital of the company.
8 Other information
Brands2Market (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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