Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseBrand consultancy1213falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04356254 2024-01-01 2024-12-31 04356254 2023-01-01 2023-12-31 04356254 2024-12-31 04356254 2023-12-31 04356254 2023-01-01 04356254 c:Director2 2024-01-01 2024-12-31 04356254 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 04356254 d:Buildings d:LongLeaseholdAssets 2024-12-31 04356254 d:Buildings d:LongLeaseholdAssets 2023-12-31 04356254 d:OfficeEquipment 2024-01-01 2024-12-31 04356254 d:OfficeEquipment 2024-12-31 04356254 d:OfficeEquipment 2023-12-31 04356254 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04356254 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04356254 d:CurrentFinancialInstruments 2024-12-31 04356254 d:CurrentFinancialInstruments 2023-12-31 04356254 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04356254 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04356254 d:ShareCapital 2024-12-31 04356254 d:ShareCapital 2023-12-31 04356254 d:ShareCapital 2023-01-01 04356254 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 04356254 d:RetainedEarningsAccumulatedLosses 2024-12-31 04356254 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04356254 d:RetainedEarningsAccumulatedLosses 2023-12-31 04356254 d:RetainedEarningsAccumulatedLosses 2023-01-01 04356254 c:FRS102 2024-01-01 2024-12-31 04356254 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04356254 c:FullAccounts 2024-01-01 2024-12-31 04356254 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04356254 d:WithinOneYear 2024-12-31 04356254 d:WithinOneYear 2023-12-31 04356254 d:BetweenOneFiveYears 2024-12-31 04356254 d:BetweenOneFiveYears 2023-12-31 04356254 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04356254 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04356254 2 2024-01-01 2024-12-31 04356254 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 04356254








PULSE BRANDS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
PULSE BRANDS LIMITED
REGISTERED NUMBER: 04356254

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
9,282
11,368

  
9,282
11,368

Current assets
  

Debtors: amounts falling due within one year
 6 
219,309
254,018

Cash at bank and in hand
  
83,408
197,174

  
302,717
451,192

Creditors: amounts falling due within one year
 7 
(125,642)
(190,420)

Net current assets
  
 
 
177,075
 
 
260,772

Total assets less current liabilities
  
186,357
272,140

Provisions for liabilities
  

Deferred tax
 8 
(1,160)
(1,425)

  
 
 
(1,160)
 
 
(1,425)

Net assets
  
185,197
270,715


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
184,197
269,715

  
185,197
270,715


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
PULSE BRANDS LIMITED
REGISTERED NUMBER: 04356254
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




J. Milton
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
PULSE BRANDS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 1 JANUARY 2023 TO 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
1,000
282,538
283,538



Profit for the year
-
175,277
175,277

Dividends: Equity capital
-
(188,100)
(188,100)



At 1 January 2024
1,000
269,715
270,715



Profit for the year
-
90,582
90,582

Dividends: Equity capital
-
(176,100)
(176,100)


At 31 December 2024
1,000
184,197
185,197


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Pulse Brands Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04356254. The address of the registered office is 30 Orange Street, London,     WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured based on fees received from Brand consultancy.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold Property
-
25% straight line
Furniture, fittings and equipment
-
25% straight line

The 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income including profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income including profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 6

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, management is required to make judgements,
estimates and assumptions about the carrying value of assets and liabilities that are not readily
ascertainable from other sources. The estimates and underlying assumptions are based on historical
experience and other factors that are considered to be relevant. Actual outcomes may differ from these
estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting
estimates are recognised in the period in which the estimates are revised.
There were no key judgements or estimation uncertainties in the application of the company's accounting
policies during the year.

Page 7

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 13).


5.


Fixed assets





Leasehold Property Improvements
Furniture, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
33,420
108,480
141,900


Additions
-
3,839
3,839



At 31 December 2024

33,420
112,319
145,739



Depreciation


At 1 January 2024
33,420
97,112
130,532


Charge for the year on owned assets
-
5,925
5,925



At 31 December 2024

33,420
103,037
136,457



Net book value



At 31 December 2024
-
9,282
9,282



At 31 December 2023
-
11,368
11,368


6.


Debtors

2024
2023
£
£


Trade debtors
172,700
193,192

Other debtors
18,750
48,474

Prepayments and accrued income
27,859
12,352

219,309
254,018


Page 8

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,116
5,698

Corporation tax
28,865
54,475

Other taxation and social security
26,894
42,453

Other creditors
23
3,456

Accruals and deferred income
60,744
84,338

125,642
190,420



8.


Deferred taxation




2024


£






At beginning of year
(1,425)


Released from profit or loss
265



At end of year
(1,160)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,160)
(1,425)

(1,160)
(1,425)


9.


Pension commitments

The company was committed to contribute to the personal pension plan of all employees through the company's auto enrolment scheme except for those who have chosen to opt out.
The annual charge for the year was £28,523 (2023 - £24,517).

Page 9

 
PULSE BRANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
62,500
62,500

Later than 1 year and not later than 5 years
119,792
182,292

182,292
244,792

Page 10