1 September 2023 v2025.31.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP077441372023-09-012024-08-31077441372024-08-31077441372023-08-3107744137core:WithinOneYear2024-08-3107744137core:WithinOneYear2023-08-3107744137core:AfterOneYear2024-08-3107744137core:AfterOneYear2023-08-3107744137core:ShareCapital2024-08-3107744137core:ShareCapital2023-08-3107744137core:RetainedEarningsAccumulatedLosses2024-08-3107744137core:RetainedEarningsAccumulatedLosses2023-08-3107744137bus:Director12023-09-012024-08-3107744137bus:RegisteredOffice2023-09-012024-08-3107744137core:OfficeEquipment2023-09-012024-08-3107744137core:FurnitureFittings2023-09-012024-08-31077441372022-09-012023-08-3107744137core:PlantMachinery2023-09-0107744137core:PlantMachinery2023-09-012024-08-3107744137core:PlantMachinery2024-08-3107744137core:PlantMachinery2023-08-310774413712023-09-012024-08-3107744137countries:EnglandWales2023-09-012024-08-3107744137bus:AuditExemptWithAccountantsReport2023-09-012024-08-3107744137bus:PrivateLimitedCompanyLtd2023-09-012024-08-3107744137bus:SmallEntities2023-09-012024-08-3107744137bus:FullAccounts2023-09-012024-08-31
Company registration number:
07744137
Brandshank Ltd
Unaudited Filleted Financial Statements for the year ended
31 August 2024
Brandshank Ltd
Statement of Financial Position
31 August 2024
20242023
Note££
Fixed assets    
Tangible assets 5
90,902
 
40,053
 
Current assets    
Debtors 6
279,000
 
145,365
 
Cash at bank and in hand
98,198
 
176,323
 
377,198
 
321,688
 
Creditors: amounts falling due within one year 7
(293,169
)
(140,780
)
Net current assets
84,029
 
180,908
 
Total assets less current liabilities 174,931   220,961  
Creditors: amounts falling due after more than one year 8
(120,658
)
(111,661
)
Provisions for liabilities
(22,384
)
(9,751
)
Net assets
31,889
 
99,549
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
31,789
 
99,449
 
Shareholders funds
31,889
 
99,549
 
For the year ending
31 August 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 May 2025
, and are signed on behalf of the board by:
Mr L Veitch
Director
Company registration number:
07744137
Brandshank Ltd
Notes to the Financial Statements
Year ended
31 August 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Bank Building
,
34 Burnley Road
,
Padiham
,
BB12 8BW
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents sale of services provided, excluding value added tax.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line
Fixtures and fittings
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
18
(2023:
16
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2023
89,015
 
Additions
75,620
 
At
31 August 2024
164,635
 
Depreciation  
At
1 September 2023
48,962
 
Charge
24,771
 
At
31 August 2024
73,733
 
Carrying amount  
At
31 August 2024
90,902
 
At 31 August 2023
40,053
 

6 Debtors

20242023
££
Trade debtors
106,149
 
88,622
 
Other debtors
172,851
 
56,743
 
279,000
 
145,365
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
31,452
 
28,560
 
Taxation and social security
120,706
 
97,010
 
Other creditors
141,011
 
15,210
 
293,169
 
140,780
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
80,208
 
111,661
 
Other creditors
40,450
  -  
120,658
 
111,661
 
Other creditors include hire purchase liabilities amounting to £48,242 (2023 - nil) which are secured on the assets to which they relate.

9 Operating lease commitments

At 31 August 2024 the company was committed to operating lease payments of £7,593 (2023 - £7,049).