Company registration number 14393512 (England and Wales)
BRANDKANDI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
BRANDKANDI LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRANDKANDI LTD
BALANCE SHEET
AS AT 31 OCTOBER 2023
31 October 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
4
13,584
Cash at bank and in hand
18,880
32,464
Creditors: amounts falling due within one year
5
(19,189)
Net current assets
13,275
Capital and reserves
Called up share capital
1
Profit and loss reserves
13,274
Total equity
13,275

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 14 March 2024
Mr I R Shurmer
Director
Company Registration No. 14393512
BRANDKANDI LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

BrandKandi Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Bristol Office, 2nd Floor, 5 High street, Westbury-On-Trym, Bristol, United Kingdom, BS9 3BY.

1.1
Reporting period

The figures in these accounts represent the company trade for a 12 month period as the trade commenced on 7 November 2022. The accounts document represents a period of over 12 months as the company incorporated on 3 October 2022.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, being the sale of merchandise, and is shown net of VAT and other sales related taxes.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BRANDKANDI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 3 -
1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
Number
Total
1
4
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
13,524
Other debtors
60
13,584
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
5,200
Taxation and social security
11,321
Other creditors
2,668
19,189
2023-10-312022-10-03falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr I R Shurmerfalse143935122022-10-032023-10-31143935122023-10-3114393512core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3114393512core:CurrentFinancialInstruments2023-10-3114393512core:ShareCapital2023-10-3114393512core:RetainedEarningsAccumulatedLosses2023-10-3114393512bus:Director12022-10-032023-10-3114393512core:WithinOneYear2023-10-3114393512bus:PrivateLimitedCompanyLtd2022-10-032023-10-3114393512bus:SmallCompaniesRegimeForAccounts2022-10-032023-10-3114393512bus:FRS1022022-10-032023-10-3114393512bus:AuditExemptWithAccountantsReport2022-10-032023-10-3114393512bus:FullAccounts2022-10-032023-10-31xbrli:purexbrli:sharesiso4217:GBP