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REGISTERED NUMBER: 06635592 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Brainbox Candy Limited

Brainbox Candy Limited (Registered number: 06635592)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brainbox Candy Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr B M Hickman
Mr M N Williams





REGISTERED OFFICE: 1 Sopwith Crescent
Wickford
Essex
SS11 8YU





REGISTERED NUMBER: 06635592 (England and Wales)






Brainbox Candy Limited (Registered number: 06635592)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 25,515 27,452
Investments 5 1 1
25,516 27,453

CURRENT ASSETS
Stocks 57,581 54,956
Debtors 6 201,263 179,985
Cash at bank and in hand 161,487 149,259
420,331 384,200
CREDITORS
Amounts falling due within one year 7 259,903 231,059
NET CURRENT ASSETS 160,428 153,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,944

180,594

CREDITORS
Amounts falling due after more than
one year

8

(2,742

)

(4,849

)

PROVISIONS FOR LIABILITIES (6,000 ) (6,000 )
NET ASSETS 177,202 169,745

Brainbox Candy Limited (Registered number: 06635592)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 9 177,098 169,641
177,202 169,745

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 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.

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 24 April 2025 and were signed on its behalf by:





Mr B M Hickman - Director


Brainbox Candy Limited (Registered number: 06635592)

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

1. STATUTORY INFORMATION

Brainbox Candy 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.

Preparation of consolidated financial statements
The financial statements contain information about Brainbox Candy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


Brainbox Candy Limited (Registered number: 06635592)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 84,045
Additions 5,790
At 31 July 2024 89,835
DEPRECIATION
At 1 August 2023 56,593
Charge for year 7,727
At 31 July 2024 64,320
NET BOOK VALUE
At 31 July 2024 25,515
At 31 July 2023 27,452

Brainbox Candy Limited (Registered number: 06635592)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Unknown Ink Limited
Registered office: United Kingdom
Nature of business: Greetings cards wholesaler
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 177,695 150,708
Amounts owed by group undertakings - 1,006
Other debtors 23,568 28,271
201,263 179,985

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 2,335 2,402
Trade creditors 91,926 95,475
Amounts owed to group undertakings 5,807 -
Taxation and social security 135,225 106,822
Other creditors 24,610 26,360
259,903 231,059

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 2,742 4,849

Brainbox Candy Limited (Registered number: 06635592)

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

9. RESERVES
Retained
earnings
£   

At 1 August 2023 169,641
Profit for the year 209,457
Dividends (202,000 )
At 31 July 2024 177,098