| REGISTERED NUMBER: |
| Brand Universe Limited |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| Brand Universe Limited |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| Brand Universe Limited (Registered number: 09519570) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Brand Universe Limited |
| Company Information |
| for the Year Ended 30 September 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 5 Queen Street |
| Great Yarmouth |
| Norfolk |
| NR30 2QP |
| Brand Universe Limited (Registered number: 09519570) |
| Statement of Financial Position |
| 30 September 2024 |
| 30/9/24 | 30/9/23 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| The directors acknowledge their 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 Universe Limited (Registered number: 09519570) |
| Statement of Financial Position - continued |
| 30 September 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Brand Universe Limited (Registered number: 09519570) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2024 |
| 1. | Statutory information |
| Brand Universe Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents sales at invoice value excluding value added tax. |
| Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax. |
| Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors. |
| Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs. |
| Trade marks |
| Trade marks are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. |
| Trade marks are being amortised evenly over their estimated useful life of 10 years. |
| Tangible fixed assets |
| Plant and machinery | - |
| Financial instruments |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised 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 statement of financial position date. |
| Brand Universe Limited (Registered number: 09519570) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 |
| 4. | Intangible fixed assets |
| Development |
| costs |
| £ |
| Cost |
| At 1 October 2023 |
| and 30 September 2024 |
| Amortisation |
| At 1 October 2023 |
| Amortisation for year |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| Brand Universe Limited (Registered number: 09519570) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 5. | Tangible fixed assets |
| Plant and |
| machinery |
| £ |
| Cost |
| At 1 October 2023 |
| and 30 September 2024 |
| Depreciation |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| 6. | Debtors: amounts falling due within one year |
| 30/9/24 | 30/9/23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 30/9/24 | 30/9/23 |
| £ | £ |
| Taxation and social security |
| Other creditors |