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REGISTERED NUMBER: 04504087 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

CHARLES BURNAND LTD

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)






Contents of the Financial Statements
for the year ended 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHARLES BURNAND LTD

Company Information
for the year ended 29 FEBRUARY 2024







DIRECTORS: Mr S Stewart
Mr J M Totten
Mr M Totten





REGISTERED OFFICE: 27 Whitfield Street
London
W1T 2SE





REGISTERED NUMBER: 04504087 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Statement of Financial Position
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 52,287 62,443

CURRENT ASSETS
Stocks 267,000 251,786
Debtors 5 138,611 290,141
Cash at bank and in hand 38,534 44,303
444,145 586,230
CREDITORS
Amounts falling due within one year 6 (247,671 ) (368,731 )
NET CURRENT ASSETS 196,474 217,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,761

279,942

CREDITORS
Amounts falling due after more than one
year

7

(469,205

)

(452,949

)

PROVISIONS FOR LIABILITIES (13,072 ) -
NET LIABILITIES (233,516 ) (173,007 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (233,518 ) (173,009 )
SHAREHOLDERS' FUNDS (233,516 ) (173,007 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Statement of Financial Position - continued
29 FEBRUARY 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mr S. Stewart - Director


CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Notes to the Financial Statements
for the year ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Charles Burnand Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when the goods and services are provided to the customer.

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 reducing balance
Computer equipment - 20% on reducing balance

No depreciation or amortisation is provided in the year of disposal.

Stocks
Stock and work-in progress are valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. During the year the company received funding from lenders including family and friends of the director and shareholder. The company has also received further funding since the year end and the director believes that this together with expected profits will enable the company to continue for twelve months from the date of signing these financial statements. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Notes to the Financial Statements - continued
for the year ended 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 70,050 31,332 101,382
Additions 2,912 4,211 7,123
Disposals - (1,149 ) (1,149 )
At 29 February 2024 72,962 34,394 107,356
DEPRECIATION
At 1 March 2023 23,124 15,815 38,939
Charge for year 12,460 3,727 16,187
Eliminated on disposal - (57 ) (57 )
At 29 February 2024 35,584 19,485 55,069
NET BOOK VALUE
At 29 February 2024 37,378 14,909 52,287
At 28 February 2023 46,926 15,517 62,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 53,145 197,988
Rent deposit 30,000 30,000
Directors' current accounts 45,936 702
VAT 7,172 32,768
Deferred tax asset - 21,310
Prepayments 2,358 7,373
138,611 290,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 79,435 123,623
Trade creditors 161,658 208,804
Corporation tax - 2,429
PAYE 2,619 7,285
Advance from customers 31 22,662
Directors' current accounts 728 728
Accruals and deferred income 3,200 3,200
247,671 368,731

CHARLES BURNAND LTD (REGISTERED NUMBER: 04504087)

Notes to the Financial Statements - continued
for the year ended 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans more 5 yr by instalments 79,626 131,215
Other loans 389,579 321,734
469,205 452,949

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 79,626 131,215
Other loans 389,579 321,734
469,205 452,949

The bank loans are secured by a personal guarantee from the director.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 March 2023 (173,009 )
Deficit for the year (60,509 )
At 29 February 2024 (233,518 )