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Registration number: 04419169

Brand and Soul Limited

Annual Report and Unaudited Financial Statements Year Ended 30 April 2024

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Chartered Accountants

 

Brand and Soul Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Brand and Soul Limited

Company Information

Director

Mrs H M Noel

Company secretary

Mrs H M Noel

Registered office

Second Floor Studio
27 Durngate Street
DORCHESTER
Dorset
DT1 1JP

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Brand and Soul Limitedfor the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brand and Soul Limited for the year ended 30 April 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Brand and Soul Limited, as a body, in accordance with the terms of our engagement letter dated 17 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Brand and Soul Limited and state those matters that we have agreed to state to the Board of Directors of Brand and Soul Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brand and Soul Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Brand and Soul Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brand and Soul Limited. You consider that Brand and Soul Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Brand and Soul Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.





Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 December 2024

 

Brand and Soul Limited

(Registration number: 04419169)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

889

240

Current assets

 

Stocks

500

500

Debtors

5

21,552

61,553

Cash at bank and in hand

 

59,220

528

 

81,272

62,581

Creditors: Amounts falling due within one year

6

(72,903)

(44,695)

Net current assets

 

8,369

17,886

Total assets less current liabilities

 

9,258

18,126

Creditors: Amounts falling due after more than one year

6

(9,062)

(17,259)

Net assets

 

196

867

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

194

865

Shareholders' funds

 

196

867

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 December 2024
 



Mrs H M Noel
Company secretary and director

 

Brand and Soul Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Second Floor Studio
27 Durngate Street
DORCHESTER
Dorset
DT1 1JP

These financial statements were authorised for issue by the director on 2 December 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.

The accounts are presented in £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

Brand and Soul Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 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

Fixtures, fittings and equipment

3 to 10 years straight line

Trade debtors

Trade debtors are amounts due from customers for goods 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 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.

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 at the transaction price.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

Brand and Soul Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 May 2023

20,393

20,393

Additions

1,028

1,028

At 30 April 2024

21,421

21,421

Depreciation

At 1 May 2023

20,153

20,153

Charge for the year

379

379

At 30 April 2024

20,532

20,532

Carrying amount

At 30 April 2024

889

889

At 30 April 2023

240

240

5

Debtors

Current

2024
£

2023
£

Trade debtors

18,627

18,081

Prepayments

432

431

Other debtors

2,493

43,041

 

21,552

61,553

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

8,871

8,652

Trade creditors

 

1,871

3,257

Corporation tax liability

 

21,856

12,846

Taxation and social security

 

11,664

7,215

Other creditors

 

28,641

12,725

 

72,903

44,695

Due after one year

 

Loans and borrowings

8

9,062

17,259

 

Brand and Soul Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

9,062

17,259

2024
£

2023
£

Current loans and borrowings

Other borrowings

8,871

8,652

9

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend of £38,000.00 (2023 - £19,492.50) per ordinary share

 

76,000

 

38,985

         

10

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Repayments by director
£

At 30 April 2024
£

Mrs H M Noel

42,881

(40,388)

2,493

       
     

 

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mrs H M Noel

22,721

42,260

(22,100)

42,881

         
       

 

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

8,844

17,688