2023-01-012023-12-312023-12-31false13059107BRANDEX RETAIL 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BRANDEX RETAIL LTD

Registered Number
13059107
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

BRANDEX RETAIL LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

EATON, Alexander Elliot
WELHAM, Brandan Mitchell

Registered Address

Unit A Jubilee Farm Burts Lane
Mannington
Wimborne
BH21 7JX

Registered Number

13059107 (England and Wales)
BRANDEX RETAIL LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,000-
Investments42,9982,998
7,9982,998
Current assets
Debtors232,82357,283
Cash at bank and on hand161,817154,421
394,640211,704
Creditors amounts falling due within one year5(399,082)(200,579)
Net current assets (liabilities)(4,442)11,125
Total assets less current liabilities3,55614,123
Net assets3,55614,123
Capital and reserves
Called up share capital22
Profit and loss account3,55414,121
Shareholders' funds3,55614,123
The financial statements were approved and authorised for issue by the Board of Directors on 23 June 2024, and are signed on its behalf by:
EATON, Alexander Elliot
Director
WELHAM, Brandan Mitchell
Director

Registered Company No. 13059107
BRANDEX RETAIL LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year75
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions5,0005,000
At 31 December 235,0005,000
Net book value
At 31 December 235,0005,000
At 31 December 22--
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 232,9982,998
At 31 December 232,9982,998
Net book value
At 31 December 232,9982,998
At 31 December 222,9982,998

Notes

1Other investments other than loans
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables29,72016,012
Bank borrowings and overdrafts310,13389,290
Amounts owed to related parties29,20844,780
Taxation and social security30,02150,497
Total399,082200,579
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.
6.Creditors: amounts due after one year