1 January 2024 false No description of principal activity Taxfiler 2024.6 08772384business:PrivateLimitedCompanyLtd2024-01-012024-12-31 087723842023-12-31 087723842024-01-012024-12-31 08772384business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 08772384business:FilletedAccounts2024-01-012024-12-31 087723842024-12-31 08772384business:Director12024-01-012024-12-31 08772384business:Director22024-01-012024-12-31 08772384business:Director32024-01-012024-12-31 08772384business:RegisteredOffice2024-01-012024-12-31 087723842023-12-31 08772384core:WithinOneYear2024-12-31 08772384core:WithinOneYear2023-12-31 08772384core:AfterOneYear2024-12-31 08772384core:AfterOneYear2023-12-31 08772384core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 08772384core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08772384core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 08772384core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 08772384core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 08772384core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08772384core:PreviouslyStatedAmount2024-12-31 08772384core:PreviouslyStatedAmount2023-12-31 08772384business:SmallEntities2024-01-012024-12-31 08772384countries:EnglandWales2024-01-012024-12-31 08772384core:PlantMachinery2024-01-012024-12-31 08772384core:PlantMachinery2023-12-31 08772384core:PlantMachinery2024-12-31 08772384business:OrdinaryShareClass12024-01-012024-12-31 08772384business:OrdinaryShareClass12023-01-012023-12-31 087723842023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
Brand Of Brothers Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,190 
4,253 
Current assets
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 
4,740,022 
5,030,299 
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
Deferred tax
(797)
(1,063)
Net assets
1,967,742 
1,672,336 
Capital and reserves
Called up share capital
102 
102 
Share premium
9,588 
9,588 
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
- 4 -
Brand Of Brothers Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
2
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
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 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
Inventories
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.
Deferred taxation
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.
Pension costs
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.
- 5 -
Brand Of Brothers Limited Notes to the Accounts for the year ended 31 December 2024
Foreign exchange
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 
£ 
Cost or valuation
At cost 
At 1 January 2024
15,396 
At 31 December 2024
15,396 
Depreciation
At 1 January 2024
11,143 
Charge for the year
1,063 
At 31 December 2024
12,206 
Net book value
At 31 December 2024
3,190 
At 31 December 2023
4,253 
4
Debtors
2024 
2023 
£ 
£ 
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 
1,759,680 
2,106,169 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
336,972 
721,503 
VAT
155,163 
102,541 
Trade creditors
773,186 
1,253,274 
Taxes and social security
1,123,734 
174,938 
Other creditors
3,514 
- 
Accruals
382,104 
253,897 
2,774,673 
2,506,153 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
855,000 
- 6 -
Brand Of Brothers Limited Notes to the Accounts for the year ended 31 December 2024
7
Share capital
2024 
2023 
£ 
£ 
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).
- 7 -