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REGISTERED NUMBER: 08381340 (England and Wales)











Financial Statements

for the Year Ended 31 July 2024

for

BRAND CLEARANCE LIMITED

BRAND CLEARANCE LIMITED (REGISTERED NUMBER: 08381340)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRAND CLEARANCE LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs R L Bennett





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 08381340 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

BRAND CLEARANCE LIMITED (REGISTERED NUMBER: 08381340)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 733 -

CURRENT ASSETS
Cash at bank 42,130 42,590

CREDITORS
Amounts falling due within one year 5 40,907 40,642
NET CURRENT ASSETS 1,223 1,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,956

1,948

CAPITAL AND RESERVES
Called up share capital 6 602 602
Retained earnings 7 1,354 1,346
SHAREHOLDERS' FUNDS 1,956 1,948

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 11 February 2025 and were signed by:





Mrs R L Bennett - Director


BRAND CLEARANCE LIMITED (REGISTERED NUMBER: 08381340)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Brand Clearance 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 914
At 31 July 2024 914
DEPRECIATION
Charge for year 181
At 31 July 2024 181
NET BOOK VALUE
At 31 July 2024 733

BRAND CLEARANCE LIMITED (REGISTERED NUMBER: 08381340)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 6,018 4,456
Directors' current accounts 26,576 30,512
Accruals and deferred income 8,313 5,674
40,907 40,642

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
601 A Ordinary £1 601 601
1 B Ordinary £1 1 1
602 602

7. RESERVES
Retained
earnings
£   

At 1 August 2023 1,346
Profit for the year 26,008
Dividends (26,000 )
At 31 July 2024 1,354

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £26,576 (2023: £30,512), due and payable to the director. The amount is interest free and repayable on demand.