Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122true2023-04-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07565531 2023-04-01 2024-03-31 07565531 2022-04-01 2023-03-31 07565531 2024-03-31 07565531 2023-03-31 07565531 c:Director1 2023-04-01 2024-03-31 07565531 c:Director2 2023-04-01 2024-03-31 07565531 d:MotorVehicles 2023-04-01 2024-03-31 07565531 d:MotorVehicles 2024-03-31 07565531 d:MotorVehicles 2023-03-31 07565531 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07565531 d:FurnitureFittings 2023-04-01 2024-03-31 07565531 d:FurnitureFittings 2024-03-31 07565531 d:FurnitureFittings 2023-03-31 07565531 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07565531 d:ComputerEquipment 2023-04-01 2024-03-31 07565531 d:ComputerEquipment 2024-03-31 07565531 d:ComputerEquipment 2023-03-31 07565531 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07565531 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07565531 d:OtherPropertyPlantEquipment 2024-03-31 07565531 d:OtherPropertyPlantEquipment 2023-03-31 07565531 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07565531 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07565531 d:CurrentFinancialInstruments 2024-03-31 07565531 d:CurrentFinancialInstruments 2023-03-31 07565531 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07565531 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07565531 d:ShareCapital 2024-03-31 07565531 d:ShareCapital 2023-03-31 07565531 d:SharePremium 2024-03-31 07565531 d:SharePremium 2023-03-31 07565531 d:RetainedEarningsAccumulatedLosses 2024-03-31 07565531 d:RetainedEarningsAccumulatedLosses 2023-03-31 07565531 c:FRS102 2023-04-01 2024-03-31 07565531 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07565531 c:FullAccounts 2023-04-01 2024-03-31 07565531 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07565531 d:WithinOneYear 2024-03-31 07565531 d:WithinOneYear 2023-03-31 07565531 d:BetweenOneFiveYears 2024-03-31 07565531 d:BetweenOneFiveYears 2023-03-31 07565531 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07565531










BRAND SAINTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BRAND SAINTS LTD
REGISTERED NUMBER: 07565531

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,386
5,474

Current assets
  

Debtors: amounts falling due within one year
 5 
218,287
257,869

Cash at bank and in hand
  
441,345
127,783

  
659,632
385,652

Creditors: amounts falling due within one year
 6 
(310,310)
(24,218)

Net current assets
  
 
 
349,322
 
 
361,434

Total assets less current liabilities
  
356,708
366,908

Provisions for liabilities
  

Deferred tax
  
(1,847)
(1,369)

Net assets
  
354,861
365,539


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
99,965
99,965

Profit and loss account
  
254,796
265,474

  
354,861
365,539


Page 1

 
BRAND SAINTS LTD
REGISTERED NUMBER: 07565531
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






S P E Harmer
H W Bolland
Director
Director
Date: 15 July 2024
Date: 15 July 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRAND SAINTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Brand Saints Ltd, (07565531), is a private company limited by shares. It is incorporated in England and Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BRAND SAINTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
BRAND SAINTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
3 years straight line
Fixtures & fittings
-
3 years straight line
Computer equipment
-
3 years straight line
Improvements to property
-
10 years straight line

The 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BRAND SAINTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
BRAND SAINTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Improvement to property
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
1,667
7,390
6,914
5,281
21,252


Additions
-
2,206
1,562
-
3,768


Disposals
(1,667)
(1,608)
-
-
(3,275)



At 31 March 2024

-
7,988
8,476
5,281
21,745



Depreciation


At 1 April 2023
1,667
7,390
5,093
1,628
15,778


Charge for the year on owned assets
-
328
1,000
528
1,856


Disposals
(1,667)
(1,608)
-
-
(3,275)



At 31 March 2024

-
6,110
6,093
2,156
14,359



Net book value



At 31 March 2024
-
1,878
2,383
3,125
7,386



At 31 March 2023
-
-
1,821
3,653
5,474

Page 7

 
BRAND SAINTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
37,873
61,697

Other debtors
175,760
188,641

Prepayments and accrued income
4,654
7,531

218,287
257,869



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
265,540
4,389

Corporation tax
16,107
18,229

Other taxation and social security
26,663
-

Accruals and deferred income
2,000
1,600

310,310
24,218



7.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
11,261
583

Later than 1 year and not later than 5 years
15,031
-

26,292
583

 
Page 8