Company Registration No. 04747082 (England and Wales)
Brothers United Ltd
Unaudited accounts
for the year ended 31 May 2024
Brothers United Ltd
Unaudited accounts
Contents
Brothers United Ltd
Company Information
for the year ended 31 May 2024
Company Number
04747082 (England and Wales)
Registered Office
379 High Road
Ilford
Essex
London
IG1 1TF
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Brothers United Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
452
2,072
Creditors: amounts falling due within one year
(95,139)
(83,204)
Net current liabilities
(40,697)
(27,142)
Total assets less current liabilities
(40,697)
(27,142)
Creditors: amounts falling due after more than one year
(12,806)
(20,908)
Net liabilities
(53,503)
(48,050)
Called up share capital
1
1
Profit and loss account
(53,504)
(48,051)
Shareholders' funds
(53,503)
(48,050)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
Yan Liu
Director
Company Registration No. 04747082
Brothers United Ltd
Notes to the Accounts
for the year ended 31 May 2024
Brothers United Ltd is a private company, limited by shares, registered in England and Wales, registration number 04747082. The registered office is 379 High Road, Ilford, Essex, London, IG1 1TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on straight line
Computer equipment
20% on straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Brothers United Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Other creditors
33,202
33,202
Loans from directors
50,943
37,829
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).