REGISTERED NUMBER: |
BRANDHAUS TRADING LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
REGISTERED NUMBER: |
BRANDHAUS TRADING LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
BRANDHAUS TRADING LIMITED (REGISTERED NUMBER: 14550777) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
BRANDHAUS TRADING LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Exchange |
5 Bank Street |
Bury |
Lancashire |
BL9 0DN |
BRANDHAUS TRADING LIMITED (REGISTERED NUMBER: 14550777) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2023 |
Notes | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BRANDHAUS TRADING LIMITED (REGISTERED NUMBER: 14550777) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Brandhaus Trading Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14550777 and the registered office address is Units 1-6 Euro Centre, 116-118 Bury New Road, Manchester, Lancashire, United Kingdom, M8 8EB. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
At the year end the company had net liabilities of £198,108. The directors have confirmed they will continute to support the company financially for the foreseeable future. As a result, the directors continue to adopt the going concern basis in preparing the financial statements. |
Significant judgements and estimates |
There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements. |
Revenue |
Revenue represents the aggregate of the fair value of sale of goods, net of value added tax, rebates and discounts. |
Revenue is recognised as follows:- |
Revenue from the sale of goods is recognised when the customer collects the goods or company has delivered the goods. |
Property, plant and equipment |
Plant and machinery etc | - |
The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises. |
Inventories |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Net realisable value is estimated selling price less costs to complete and sell. |
Cost includes any expenditure incurred in bringing the inventory to its present location and condition. |
The cost comprises of actual purchase price. |
BRANDHAUS TRADING LIMITED (REGISTERED NUMBER: 14550777) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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 the income statement in the period to which they relate. |
Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
BRANDHAUS TRADING LIMITED (REGISTERED NUMBER: 14550777) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 20 DECEMBER 2022 TO 31 DECEMBER 2023 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts owed by related party |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to related party |
Taxation and social security |
Other creditors |