IRIS Accounts Production v24.2.0.383 09612418 director 1.1.23 31.12.23 31.12.23 0 0 false true false false false Ordinary shares 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096124182022-12-31096124182023-12-31096124182023-01-012023-12-31096124182021-12-31096124182022-01-012022-12-31096124182022-12-3109612418ns15:EnglandWales2023-01-012023-12-3109612418ns14:PoundSterling2023-01-012023-12-3109612418ns10:Director12023-01-012023-12-3109612418ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109612418ns10:SmallEntities2023-01-012023-12-3109612418ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109612418ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109612418ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109612418ns10:AbridgedAccounts2023-01-012023-12-3109612418ns10:OrdinaryShareClass12023-01-012023-12-3109612418ns10:RegisteredOffice2023-01-012023-12-3109612418ns5:CurrentFinancialInstruments2023-12-3109612418ns5:CurrentFinancialInstruments2022-12-3109612418ns5:Non-currentFinancialInstruments2023-12-3109612418ns5:Non-currentFinancialInstruments2022-12-3109612418ns5:ShareCapital2023-12-3109612418ns5:ShareCapital2022-12-3109612418ns5:RetainedEarningsAccumulatedLosses2023-12-3109612418ns5:RetainedEarningsAccumulatedLosses2022-12-3109612418ns5:WithinOneYear2023-12-3109612418ns5:WithinOneYear2022-12-3109612418ns5:BetweenOneFiveYears2023-12-3109612418ns5:BetweenOneFiveYears2022-12-3109612418ns5:MoreThanFiveYears2023-12-3109612418ns5:MoreThanFiveYears2022-12-3109612418ns5:AllPeriods2023-12-3109612418ns5:AllPeriods2022-12-3109612418ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 09612418 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Brands 2 You Limited

Brands 2 You Limited (Registered number: 09612418)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Brands 2 You Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr A S Bhakta





REGISTERED OFFICE: One World House
Pump Lane
Hayes
Middlesex
UB3 3NB





REGISTERED NUMBER: 09612418 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Brands 2 You Limited (Registered number: 09612418)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
FIXED ASSETS
Tangible assets 4 27,679 -

CURRENT ASSETS
Stocks 8,753 -
Debtors 543,651 722,300
Cash at bank 835 12,457
553,239 734,757
CREDITORS
Amounts falling due within one year (446,890 ) (535,848 )
NET CURRENT ASSETS 106,349 198,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,028

198,909

CREDITORS
Amounts falling due after more than one
year

(15,472

)

(25,369

)
NET ASSETS 118,556 173,540

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 117,556 172,540
SHAREHOLDERS' FUNDS 118,556 173,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Brands 2 You Limited (Registered number: 09612418)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Mr A S Bhakta - Director


Brands 2 You Limited (Registered number: 09612418)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Brands 2 You Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Abridged financial statements have been prepared in accordance with the above standard which permits an abridged profit and loss and balance sheet to be prepared.

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 £.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are 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 the current and future periods.

Critical judgements
In the director's view there are no significant judgements or estimates made.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rate in order to write off the asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.


Brands 2 You Limited (Registered number: 09612418)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The director has considered that the company will continue to trade for at least a period of twelve months from the date of signing of the financial statements.

The accounts have been prepared on a going concern basis which assumes that the company will continue to receive adequate financial assistance from the director, bankers, creditors and other group companies.

If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.

Brands 2 You Limited (Registered number: 09612418)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities
Basic financial liabilities, include trade and other payables, are initially recognised at transaction prices, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Brands 2 You Limited (Registered number: 09612418)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Totals
£
COST
Additions 29,524
At 31 December 2023 29,524
DEPRECIATION
Charge for year 1,845
At 31 December 2023 1,845
NET BOOK VALUE
At 31 December 2023 27,679

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£ £
Within one year 60,000 60,000
Between one and five years 240,000 240,000
In more than five years 20,000 80,000
320,000 380,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
1,000,000 Ordinary shares £0.001 1,000 1,000

7. RELATED PARTY DISCLOSURES

The related party balance includes amounts receivable from GDIH First Response & Security Solutions Ltd of £1,100 (2022 £1,100) and £538,000 (2022: £700,000) from One World Commercial Real Estate Ltd. These companies are related by virtue of common control.

During the year the company paid rent of £60,000 (2022: £40,000) and made payments relating to purchases and other expenses of £2,060 (2022:£81,586) to other companies under common control; amounts payable totalled £367,649 (2022 £364,950).

Creditors include £22,656 (2022: £9,742) owing to the director.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A S Bhakta.

Brands 2 You Limited (Registered number: 09612418)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. GROUP REORGANISATION

On 16th January 2023, there was a reorganisation of the group whereby ownership of the company was transferred to the director.