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REGISTERED NUMBER: 05199630 (England and Wales)















BRANDASIA LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRANDASIA LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P K Kenth
P S Bassi





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 05199630 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 121,548 146,781
121,548 146,781

CURRENT ASSETS
Stocks 40,205 42,259
Debtors 6 1,369,121 1,064,474
Cash at bank and in hand 293,738 194,138
1,703,064 1,300,871
CREDITORS
Amounts falling due within one year 7 648,084 498,998
NET CURRENT ASSETS 1,054,980 801,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,528

948,654

CREDITORS
Amounts falling due after more than one year 8 (9,164 ) (19,167 )

PROVISIONS FOR LIABILITIES (11,443 ) -
NET ASSETS 1,155,921 929,487

CAPITAL AND RESERVES
Called up share capital 95,000 95,000
Share premium 330,000 330,000
Retained earnings 730,921 504,487
1,155,921 929,487

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

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

BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





P K Kenth - Director


BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Brandasia 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.

Goodwill
Goodwill in connection to a previous acquisition has been fully amortised.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 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 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.


BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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.

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 56 (2023 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 191,000
AMORTISATION
At 1 July 2023
and 30 June 2024 191,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 July 2023 433,000 100,337 93,818 635,372 1,262,527
Additions - - 5,195 7,000 12,195
At 30 June 2024 433,000 100,337 99,013 642,372 1,274,722
DEPRECIATION
At 1 July 2023 433,000 8,361 62,188 612,197 1,115,746
Charge for year - 20,068 9,960 7,400 37,428
At 30 June 2024 433,000 28,429 72,148 619,597 1,153,174
NET BOOK VALUE
At 30 June 2024 - 71,908 26,865 22,775 121,548
At 30 June 2023 - 91,976 31,630 23,175 146,781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,320,825 1,020,825
Other debtors 2 4
Directors' current accounts 1 -
Prepayments 48,293 43,645
1,369,121 1,064,474

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,345 10,000
Trade creditors 266,977 210,237
Social security and other taxes 182,815 122,707
Other creditors 29,504 30,722
Accrued expenses 135,443 125,332
648,084 498,998

BRANDASIA LIMITED (REGISTERED NUMBER: 05199630)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,164 10,000
Bank loans - 2-5 years - 9,167
9,164 19,167

9. RELATED PARTY DISCLOSURES

The amounts owed by related parties totalled £1,320,825 (2023 - £1,020,825) at the period end date.