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Registration number: 09435113

Your Brand Matters Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Your Brand Matters Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Your Brand Matters Ltd

(Registration number: 09435113)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

2,200.00

3,300.00

Tangible assets

5

12,644.00

16,859.00

 

14,844.00

20,159.00

Current assets

 

Debtors

6

16,152.00

6,355.00

Investments

7

24,999.00

24,999.00

Cash at bank and in hand

 

25,020.00

26,251.00

 

66,171.00

57,605.00

Creditors: Amounts falling due within one year

8

-47,094.00

-36,967.00

Net current assets

 

19,077.00

20,638.00

Total assets less current liabilities

 

33,921.00

40,797.00

Creditors: Amounts falling due after more than one year

8

-13,954.00

-16,459.00

Provisions for liabilities

-1,001.00

-1,269.00

Net assets

 

18,966.00

23,069.00

Capital and reserves

 

Called up share capital

100.00

100.00

Retained earnings

18,866.00

22,969.00

Shareholders' funds

 

18,966.00

23,069.00

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

 

Your Brand Matters Ltd

(Registration number: 09435113)
Balance Sheet as at 31 March 2024

.........................................
A Snow-Ellis
Director

.........................................
F Snow-Ellis
Director

 

Your Brand Matters Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom .

The address of its registered office is:
Unit 1,
Freemantle Business Centre
152 Millbrook Road East
Southampton
Hampshire
S015 1JR
United Kingdom

These financial statements were authorised for issue by the Board on 10 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Your Brand Matters Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office and computer equipment

25% reducing balance

Office buildings

10% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Your Brand Matters Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Your Brand Matters Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

11,000.00

11,000.00

At 31 March 2024

11,000.00

11,000.00

Amortisation

At 1 April 2023

7,700.00

7,700.00

Amortisation charge

1,100.00

1,100.00

At 31 March 2024

8,800.00

8,800.00

Carrying amount

At 31 March 2024

2,200.00

2,200.00

At 31 March 2023

3,300.00

3,300.00

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

28,028.00

18,875.00

46,903.00

Additions

0.00

342.00

342.00

At 31 March 2024

28,028.00

19,217.00

47,245.00

Depreciation

At 1 April 2023

17,849.00

12,195.00

30,044.00

Charge for the year

2,802.00

1,755.00

4,557.00

At 31 March 2024

20,651.00

13,950.00

34,601.00

Carrying amount

At 31 March 2024

7,377.00

5,267.00

12,644.00

At 31 March 2023

10,179.00

6,680.00

16,859.00

Included within the net book value of land and buildings above is £7,377 (2023 - £10,179) in respect of freehold land and buildings.
 

 

Your Brand Matters Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

14,152.00

6,355.00

Other debtors

2,000.00

0.00

 

16,152.00

6,355.00

7

Current asset investments

2024
£

2023
£

Other investments

24,999.00

24,999.00

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,963.00

2,963.00

Trade creditors

 

5,653.00

3,771.00

Taxation and social security

 

35,363.00

28,787.00

Accruals and deferred income

 

1,255.00

1,193.00

Other creditors

 

1,860.00

253.00

 

47,094.00

36,967.00

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

13,954.00

16,459.00