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REGISTERED NUMBER: 13625119 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE BRAND COLLABORATION COMPANY LIMITED

THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


THE BRAND COLLABORATION COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Victoria Stephen





REGISTERED OFFICE: The Corner House
Garmelow
Eccleshall
Staffordshire
ST21 6HL





REGISTERED NUMBER: 13625119 (England and Wales)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375 -

CURRENT ASSETS
Stocks 5 166,727 252,822
Debtors 6 31,933 4,556
Cash at bank 75,452 75,148
274,112 332,526
CREDITORS
Amounts falling due within one year 7 404,230 330,551
NET CURRENT (LIABILITIES)/ASSETS (130,118 ) 1,975
TOTAL ASSETS LESS CURRENT LIABILITIES (129,743 ) 1,975

CREDITORS
Amounts falling due after more than one year 8 337,912 260,049
NET LIABILITIES (467,655 ) (258,074 )

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings (468,655 ) (259,074 )
SHAREHOLDERS' FUNDS (467,655 ) (258,074 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 25 October 2024 and were signed by:





Victoria Stephen - Director


THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 1,000 - 1,000
Total comprehensive loss - (259,074 ) (259,074 )
Balance at 31 January 2023 1,000 (259,074 ) (258,074 )

Changes in equity
Total comprehensive loss - (209,581 ) (209,581 )
Balance at 31 January 2024 1,000 (468,655 ) (467,655 )

THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

The Brand Collaboration Company 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 financial statements have been prepared on the going concern basis, the validity of which depends upon the continued support of the Company's sole director and shareholders. Other loans will not be repaid in advance of trade and other creditors

At the balance sheet date the Company's liabilities exceeded its assets by £467,655.

Turnover
Turnover is measured at the fair value of the consideration received, net of VAT and trade discounts.

Turnover recognised at the point at which the Company has fulfilled its contractual obligations to the customer and can be reliably measured and it is probable that the economic benefit associated with the sale will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% Straight line

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.

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.

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.

THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

Debtors and creditors that fall due within one year
Debtors and creditors that fall due within one year are recorded in the financial statements at undiscounted transaction (invoice) price. Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the profit and loss and shown within administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 473
At 31 January 2024 473
DEPRECIATION
Charge for year 98
At 31 January 2024 98
NET BOOK VALUE
At 31 January 2024 375

5. STOCKS
2024 2023
£    £   
Stocks 166,727 252,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,001 1,042
Other debtors 2,932 1,066
VAT - 2,448
31,933 4,556

THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 26,083 23,022
Trade creditors 351,209 300,942
VAT 6,236 -
Directors' loan accounts 13,177 4,081
Accrued expenses 7,525 2,506
404,230 330,551

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 337,912 260,049

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 26,083 23,022

Amounts falling due between one and two years:
Other loans - 1-2 years 337,912 260,049

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 26,083 23,022

The bank facility is secured by a fixed and floating charge over the company's asset and security over a £75,000 cash deposit.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

THE BRAND COLLABORATION COMPANY LIMITED (REGISTERED NUMBER: 13625119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
Victoria Stephen
Balance outstanding at start of year (4,081 ) -
Amounts advanced - 549
Amounts repaid (9,096 ) (4,630 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,177 ) (4,081 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is Victoria Stephen.