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REGISTERED NUMBER: 02488862 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BRIGADE CLOTHING LIMITED

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIGADE CLOTHING LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: Mrs M L Lea
Mr D J Bassi
Mr L J Goulder





SECRETARY: Mr L J Goulder





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 02488862 (England and Wales)





ACCOUNTANTS: LDP Luckmans
Chartered Accountants
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,270 31,430
Tangible assets 5 156,632 85,576
179,902 117,006

CURRENT ASSETS
Stocks 6 985,397 1,038,927
Debtors 7 965,717 1,010,987
Cash at bank 5,289 215
1,956,403 2,050,129
CREDITORS
Amounts falling due within one year 8 312,560 369,529
NET CURRENT ASSETS 1,643,843 1,680,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,823,745

1,797,606

CREDITORS
Amounts falling due after more than one
year

9

(62,492

)

(31,988

)

PROVISIONS FOR LIABILITIES 12 (27,260 ) (12,824 )
NET ASSETS 1,733,993 1,752,794

CAPITAL AND RESERVES
Called up share capital 13 100,000 100,000
Retained earnings 1,633,993 1,652,794
SHAREHOLDERS' FUNDS 1,733,993 1,752,794

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 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.

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

BALANCE SHEET - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mrs M L Lea - Director


BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Brigade Clothing 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.

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

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is considered to be when goods are despatched to customers.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on cost and Equal instalments over period of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Office furniture - 20% 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 Statement of Income and Retained Earnings, 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.


BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 35 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 February 2023 104,050
Additions 22,050
At 31 January 2024 126,100
AMORTISATION
At 1 February 2023 72,620
Amortisation for year 30,210
At 31 January 2024 102,830
NET BOOK VALUE
At 31 January 2024 23,270
At 31 January 2023 31,430

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 12,913 584,570 73,759
Additions - 39,905 4,467
Disposals - - -
At 31 January 2024 12,913 624,475 78,226
DEPRECIATION
At 1 February 2023 12,913 511,776 67,991
Charge for year - 29,693 2,827
Eliminated on disposal - - -
At 31 January 2024 12,913 541,469 70,818
NET BOOK VALUE
At 31 January 2024 - 83,006 7,408
At 31 January 2023 - 72,794 5,768

Motor Office
vehicles furniture Totals
£    £    £   
COST
At 1 February 2023 40,367 19,164 730,773
Additions 73,395 - 117,767
Disposals (19,893 ) - (19,893 )
At 31 January 2024 93,869 19,164 828,647
DEPRECIATION
At 1 February 2023 34,823 17,694 645,197
Charge for year 13,727 464 46,711
Eliminated on disposal (19,893 ) - (19,893 )
At 31 January 2024 28,657 18,158 672,015
NET BOOK VALUE
At 31 January 2024 65,212 1,006 156,632
At 31 January 2023 5,544 1,470 85,576

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 51,500 - 51,500
Additions - 73,395 73,395
At 31 January 2024 51,500 73,395 124,895
DEPRECIATION
At 1 February 2023 21,625 - 21,625
Charge for year 5,375 10,703 16,078
At 31 January 2024 27,000 10,703 37,703
NET BOOK VALUE
At 31 January 2024 24,500 62,692 87,192
At 31 January 2023 29,875 - 29,875

6. STOCKS
2024 2023
£    £   
Finished goods 985,397 1,038,927

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 34,689 52,464
Other debtors 30,468 57,963
65,157 110,427

Amounts falling due after more than one year:
Amounts owed by group undertakings 900,560 900,560

Aggregate amounts 965,717 1,010,987

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 151,319
Hire purchase contracts (see note 10) 11,589 14,089
Trade creditors 128,976 133,601
Taxation and social security 41,534 34,588
Other creditors 120,461 35,932
312,560 369,529

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,000 25,000
Hire purchase contracts (see note 10) 47,492 6,988
62,492 31,988

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 13,214 15,448
Between one and five years 48,280 7,753
61,494 23,201

Finance charges repayable:
Within one year 1,625 1,359
Between one and five years 788 765
2,413 2,124

Net obligations repayable:
Within one year 11,589 14,089
Between one and five years 47,492 6,988
59,081 21,077

Non-cancellable operating leases
2024 2023
£    £   
Within one year 47,395 47,395
Between one and five years 71,107 116,936
118,502 164,331

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 59,081 21,077

BRIGADE CLOTHING LIMITED (REGISTERED NUMBER: 02488862)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,260 12,824

Deferred
tax
£   
Balance at 1 February 2023 12,824
Accelerated capital allowances 18,408
General provisions (3,972 )
Balance at 31 January 2024 27,260

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51,000 Ordinary Shares £1 51,000 51,000
49,000 Ordinary A Shares £1 49,000 49,000
100,000 100,000

Each Ordinary share has equal voting rights in all respects. Each share is entitled pari passu to dividend payments or any other distribution.

Each Ordinary A share has equal voting rights; rights to participate in the distribution of profits of the company; and participate in the distribution of capital including on a winding up, but cannot be redeemed.