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REGISTERED NUMBER: 08409292 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

BRANDSAVER (UK) LIMITED

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRANDSAVER (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTORS: Mr R S Goldman
Mr H S Goldman
Mr A P Goldman
Mr A Hobson





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 08409292 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

BALANCE SHEET
31st August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,962 4,305

CURRENT ASSETS
Stocks 124,300 101,362
Debtors 5 154,639 62,085
Cash at bank 55,632 67,423
334,571 230,870
CREDITORS
Amounts falling due within one year 6 (143,753 ) (139,185 )
NET CURRENT ASSETS 190,818 91,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,780

95,990

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 195,680 95,890
SHAREHOLDERS' FUNDS 195,780 95,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th December 2024 and were signed on its behalf by:





Mr A P Goldman - Director


BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024


1. STATUTORY INFORMATION

Brandsaver (UK) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08409292. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is 90 North Street, Manchester, M8 8RA.

The financial statements are prepared in Sterling, which is also the functional currency of the Company.

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.

Going concern
The concept of going concern is an underlying assumption in the production of financial statements despite the company having made a loss in both the current and prior year. Although there is no formal agreement in place the directors have indicated they will continue to provide financial support to the company for at least the next 12 months.

Turnover
Turnover represents amounts recognised by the company in respect to goods supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the sale of toiletries, household, non-foods, own label, food, confectionary and soft drink products.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any provisions for impairment. Tangible fixed assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Depreciation on tangible fixed assets is charged to the profit or loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and fittings - 20% Straight Line
Computer equipment - 20% Straight Line

At each reporting date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise purchase, duty and carriage are based on the method most appropriate to the type of stock, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Provisions are made for obsolete, slow moving or defective items where appropriate.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, 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.

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024


2. ACCOUNTING POLICIES - continued

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 average rate for the year. 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 obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2023 2,740 2,529 5,269
Additions 225 1,595 1,820
At 31st August 2024 2,965 4,124 7,089
DEPRECIATION
At 1st September 2023 365 599 964
Charge for year 578 585 1,163
At 31st August 2024 943 1,184 2,127
NET BOOK VALUE
At 31st August 2024 2,022 2,940 4,962
At 31st August 2023 2,375 1,930 4,305

BRANDSAVER (UK) LIMITED (REGISTERED NUMBER: 08409292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,562 53,318
Other debtors 116,077 8,767
154,639 62,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,065 11,554
Taxation and social security 9,022 11,779
Other creditors 123,666 115,852
143,753 139,185

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
45 Ordinary A £1 45 45
5 Ordinary B £1 5 5
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are loans owed from the directors, the amounts owing to the company at the balance sheet date is £387 (2023 - owing from the company of £231). All loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year the company made sales of £Nil (2023 - £11,909) and purchases of £970,986 (2023 - £546,958) with a company under common control.

Included in Other creditors is a balance of £117,834 (2023 - £120,011) owed to a company under common control. This balance represents an interest free loan, repayable on demand.