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REGISTERED NUMBER: 04472309 (England and Wales)















Abridged Financial Statements for the Year Ended 31 December 2023

for

Brandco Management Limited

Brandco Management Limited (Registered number: 04472309)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Brandco Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M A Aynsley





SECRETARY: Carrington-may Limited





REGISTERED OFFICE: 31 Walker Avenue
Wolverton Mill
Milton Keynes
Buckinghamshire
MK12 5TW





REGISTERED NUMBER: 04472309 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

Brandco Management Limited (Registered number: 04472309)

Abridged Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32 211

CURRENT ASSETS
Stocks 209,895 212,928
Debtors 5 213,946 219,322
Cash at bank 26 4,696
423,867 436,946
CREDITORS
Amounts falling due within one year 263,977 243,469
NET CURRENT ASSETS 159,890 193,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,922

193,688

CREDITORS
Amounts falling due after more than one
year

130,547

140,314
NET ASSETS 29,375 53,374

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 28,375 52,374
SHAREHOLDERS' FUNDS 29,375 53,374

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.

Brandco Management Limited (Registered number: 04472309)

Abridged Statement of Financial Position - 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 Statement of Financial Position 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 26 September 2024 and were signed by:





M A Aynsley - Director


Brandco Management Limited (Registered number: 04472309)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brandco Management 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.

The director has considered the trading and cash flow position of the company for a period of 12 months from the date of approval of the financial statements. The company has the continued support of its director and its parent company. The director considers that the going concern basis of preparation to be appropriate.

Preparation of consolidated financial statements
The financial statements present information about Brandco Management Limited as an individual undertaking and do not contain consolidated information about its group . The company is exempt under Section 248 of the Companies Act 1985 from the requirement to prepare consolidated financial statements .

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 statement of financial position date.


Brandco Management Limited (Registered number: 04472309)

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 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 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 statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,051 34,481 36,532
DEPRECIATION
At 1 January 2023 2,048 34,273 36,321
Charge for year - 179 179
At 31 December 2023 2,048 34,452 36,500
NET BOOK VALUE
At 31 December 2023 3 29 32
At 31 December 2022 3 208 211

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed by group undertakings 53,959 53,959

Brandco Management Limited (Registered number: 04472309)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 1
Bank loans & import loans - 65,264
- 65,265

The bank facilities are secured by a fixed and floating charge over all the assets and undertaking of Brandco Management Limited together with unlimited Cross Guarantees by Brandco Management Limited and Brandco Holdings Limited to secure the liabilities of each other.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £585 (2022 - £585 ) is owed to the director. £585 was the maximum amount outstanding during the year. Interest has not been paid or accrued on the sum outstanding.

8. RELATED PARTY DISCLOSURES

During the period the company has not incurred management fees from MAT Resolutions Limited, a company in which Mr M.A.Aynsley and Mrs P.A.Aynsley are directors and shareholders. At the balance sheet date the sum of £nil (2022 - £18,800) was outstanding. The transactions are on a commercial and arms length basis.