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REGISTERED NUMBER: 10317463 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Brand Champs Limited

Brand Champs Limited (Registered number: 10317463)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brand Champs Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A M Margolin





REGISTERED OFFICE: Berkeley House
Barnet Road
London Colney
Hertfordshire
AL2 1BG





REGISTERED NUMBER: 10317463 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

Brand Champs Limited (Registered number: 10317463)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 976 1,398

CURRENT ASSETS
Debtors 5 544,533 517,453
Cash at bank 62,678 39,507
607,211 556,960
CREDITORS
Amounts falling due within one year 6 46,677 45,899
NET CURRENT ASSETS 560,534 511,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,510

512,459

ACCRUALS AND DEFERRED INCOME - 274
NET ASSETS 561,510 512,185

CAPITAL AND RESERVES
Called up share capital 105 105
Other reserves 23,828 23,828
Retained earnings 537,577 488,252
561,510 512,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Brand Champs Limited (Registered number: 10317463)

Balance Sheet - continued
31 August 2024


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 director and authorised for issue on 21 May 2025 and were signed by:





A M Margolin - Director


Brand Champs Limited (Registered number: 10317463)

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

1. STATUTORY INFORMATION

Brand Champs 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.

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 - 20% on cost

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 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.

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 3 (2023 - 2 ) .

Brand Champs Limited (Registered number: 10317463)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 8,660
Additions 283
At 31 August 2024 8,943
DEPRECIATION
At 1 September 2023 7,262
Charge for year 705
At 31 August 2024 7,967
NET BOOK VALUE
At 31 August 2024 976
At 31 August 2023 1,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 18,403 14,411
Other debtors 526,130 503,042
544,533 517,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 173 14,799
Taxation and social security 46,504 31,100
46,677 45,899

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, a loan of £5,500 was due from a director. This loan was repaid in full within one month after the year end.