Company Registration No. 08772384 (England and Wales)
Brand Of Brothers Limited
Unaudited accounts
for the year ended 31 December 2024
Brand Of Brothers Limited
Unaudited accounts
Contents
Brand Of Brothers Limited
Company Information
for the year ended 31 December 2024
Directors
David Taylor
Greg Ovenden
Matthew Fulbrook
Company Number
08772384 (England and Wales)
Registered Office
Centrix House
26 Crow Lane East Newton-Le-Willows
Merseyside
Lancashire
WA12 9UY
United Kingdom
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Brand Of Brothers Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,190
4,253
Inventories
1,903,710
2,837,177
Debtors
1,759,680
2,106,169
Cash at bank and in hand
1,076,632
86,953
Creditors: amounts falling due within one year
(2,774,673)
(2,506,153)
Net current assets
1,965,349
2,524,146
Total assets less current liabilities
1,968,539
2,528,399
Creditors: amounts falling due after more than one year
-
(855,000)
Provisions for liabilities
Net assets
1,967,742
1,672,336
Called up share capital
102
102
Profit and loss account
1,958,052
1,662,646
Shareholders' funds
1,967,742
1,672,336
For the year ending 31 December 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 2 May 2025 and were signed on its behalf by
David Taylor
Director
Company Registration No. 08772384
Brand Of Brothers Limited
Notes to the Accounts
for the year ended 31 December 2024
Brand Of Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 08772384. The registered office is Centrix House, 26 Crow Lane East Newton-Le-Willows, Merseyside, Lancashire, WA12 9UY, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
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 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:
Plant & machinery
25% reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
Brand Of Brothers Limited
Notes to the Accounts
for the year ended 31 December 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3
Tangible fixed assets
Plant & machinery
At 31 December 2024
15,396
At 31 December 2024
12,206
Amounts falling due within one year
Trade debtors
1,742,574
1,617,358
Accrued income and prepayments
13,606
56,246
Other debtors
3,500
432,565
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
336,972
721,503
Trade creditors
773,186
1,253,274
Taxes and social security
1,123,734
174,938
6
Creditors: amounts falling due after more than one year
2024
2023
Brand Of Brothers Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
8
Transactions with related parties
Included in Trade debtors is £107,736 (2023 - £245,479) owed from Brand of Brothers Frozen Food Limited.
Included in Trade creditors is £54,923 (2023 - £112,048) owed to Brand of Brothers Frozen Food Limited. This company is owned and controlled by the directors. £5,213 (2023 - Nil) is owed to Knutsford Consulting Ltd. This company is owned and controlled by director.
9
Average number of employees
During the year the average number of employees was 13 (2023: 14).