Company Registration No. 12783065 (England and Wales)
Sex Brand Ltd
Unaudited accounts
for the year ended 31 July 2024
Sex Brand Ltd
Unaudited accounts
Contents
Sex Brand Ltd
Company Information
for the year ended 31 July 2024
Directors
Jack Gove
Christopher Snow
Damian Tuite
Company Number
12783065 (England and Wales)
Registered Office
85 Great Portland Street
London
London
W1W 7LT
England
Accountants
Sidgrove
86-90 Paul Street
London
EC2A 4NE
Sex Brand Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
2,052
2,755
Cash at bank and in hand
30,890
47,620
Creditors: amounts falling due within one year
(7,006)
(39,914)
Net current assets
49,826
52,701
Called up share capital
184
232
Share premium
732,749
648,135
Profit and loss account
(680,602)
(592,289)
Shareholders' funds
52,331
56,078
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
Jack Gove
Director
Company Registration No. 12783065
Sex Brand Ltd
Notes to the Accounts
for the year ended 31 July 2024
Sex Brand Ltd is a private company, limited by shares, registered in England and Wales, registration number 12783065. The registered office is 85 Great Portland Street, London, London, W1W 7LT, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
Change in Financial Reporting Framework
In the current year, the company has transitioned from FRS 105 (The Financial Reporting Standard applicable to the Micro-entities Regime) to FRS 102 Section 1A (The Financial Reporting Standard applicable in the UK and Republic of Ireland – Section 1A Small Entities).
The change has been made voluntarily as a decision to provide maximum disclosure. This represents a change in financial reporting framework and not a change in accounting policy.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Sex Brand Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Sex Brand Ltd
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,554
22,533
Taxes and social security
2,501
10,257
Loans from directors
2,951
5,324
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Transactions with related parties
Loan from Director:
At the Balance Sheet date £2,951 (2023: £5,324) was owed to the Directors in respect of expenses paid on behalf of the company and other amounts due from the company. The total balance is unsecured, interest-free & repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).