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REGISTERED NUMBER: 02108727 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Brandvital Limited

Brandvital Limited (Registered number: 02108727)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Brandvital Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Tracey Mayor
Wayne Mayor





SECRETARY: Tracey Mayor





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 02108727 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Brandvital Limited (Registered number: 02108727)

Abridged Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,446 18,171

CURRENT ASSETS
Stocks 203,000 199,000
Debtors 75,573 158,467
Cash at bank 173,308 119,204
451,881 476,671
CREDITORS
Amounts falling due within one year 257,730 168,209
NET CURRENT ASSETS 194,151 308,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,597

326,633

CREDITORS
Amounts falling due after more than one
year

(103,768

)

(157,628

)

PROVISIONS FOR LIABILITIES (2,718 ) (3,188 )
NET ASSETS 103,111 165,817

CAPITAL AND RESERVES
Called up share capital 2,350 2,350
Capital redemption reserve 2,400 2,400
Retained earnings 98,361 161,067
SHAREHOLDERS' FUNDS 103,111 165,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Brandvital Limited (Registered number: 02108727)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2024 and were signed on its behalf by:





Tracey Mayor - Director


Brandvital Limited (Registered number: 02108727)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Brandvital 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
The company manufactures and sells a range of furniture products in the wholesale market. Sales of goods are recognised when goods are despatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Raw materials are valued on a first in first out basis.

Work in progress is valued at proportion of sale price less margin depending on the level of completion.

Finished goods are valued at sales price less margin.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Brandvital Limited (Registered number: 02108727)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

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.

Factored debts
Balances due to factors are netted to trade debtors where there is no right to recourse.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 253,081
DEPRECIATION
At 1 May 2023 234,910
Charge for year 2,725
At 30 April 2024 237,635
NET BOOK VALUE
At 30 April 2024 15,446
At 30 April 2023 18,171

5. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank loans 157,629 209,750

Brandvital Limited (Registered number: 02108727)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
Tracey Mayor
Balance outstanding at start of year 43,989 -
Amounts advanced 55,000 45,593
Amounts repaid (138,274 ) (1,604 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,285 ) 43,989

Wayne Mayor
Balance outstanding at start of year 43,988 -
Amounts advanced 55,000 59,781
Amounts repaid (138,273 ) (15,793 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,285 ) 43,988