Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-306Retail sale of clothing in specialised stores2023-07-01false7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11406398 2023-07-01 2024-06-30 11406398 2022-07-01 2023-06-30 11406398 2024-06-30 11406398 2023-06-30 11406398 c:Director2 2023-07-01 2024-06-30 11406398 d:OfficeEquipment 2023-07-01 2024-06-30 11406398 d:OfficeEquipment 2024-06-30 11406398 d:OfficeEquipment 2023-06-30 11406398 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11406398 d:ComputerEquipment 2023-07-01 2024-06-30 11406398 d:ComputerEquipment 2024-06-30 11406398 d:ComputerEquipment 2023-06-30 11406398 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11406398 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11406398 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 11406398 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 11406398 d:Goodwill 2023-07-01 2024-06-30 11406398 d:Goodwill 2024-06-30 11406398 d:Goodwill 2023-06-30 11406398 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 11406398 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 11406398 d:CurrentFinancialInstruments 2024-06-30 11406398 d:CurrentFinancialInstruments 2023-06-30 11406398 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11406398 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11406398 d:ShareCapital 2024-06-30 11406398 d:ShareCapital 2023-06-30 11406398 d:RetainedEarningsAccumulatedLosses 2024-06-30 11406398 d:RetainedEarningsAccumulatedLosses 2023-06-30 11406398 c:FRS102 2023-07-01 2024-06-30 11406398 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11406398 c:FullAccounts 2023-07-01 2024-06-30 11406398 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11406398 2 2023-07-01 2024-06-30 11406398 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 11406398 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-07-01 2024-06-30 11406398 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-07-01 2024-06-30 11406398 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11406398










BRICK PRINT FASHION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
BRICK PRINT FASHION LIMITED
REGISTERED NUMBER: 11406398

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
32,224
55,657

Tangible assets
 5 
1,822
4,301

  
34,046
59,958

Current assets
  

Stocks
 6 
29,530
81,201

Debtors: amounts falling due within one year
 7 
160,296
202,437

Cash at bank and in hand
  
190,253
97,474

  
380,079
381,112

Creditors: amounts falling due within one year
 8 
(224,237)
(184,845)

Net current assets
  
 
 
155,842
 
 
196,267

Total assets less current liabilities
  
189,888
256,225

  

Net assets
  
189,888
256,225


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
189,887
256,224

  
189,888
256,225

Page 1

 
BRICK PRINT FASHION LIMITED
REGISTERED NUMBER: 11406398
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income or the directors' report in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Daniel Rubin
Director

Date: 27 June 2025

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Brick Print Fashion Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11406398. The address of the registered office is The White Building, Evesham Street, London, W11 4AJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
5 years
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 6

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 7).

Page 7

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Website
Trademarks
Goodwill
Total

£
£
£
£



Cost


At 1 July 2023
62,258
8,004
50,000
120,262



At 30 June 2024

62,258
8,004
50,000
120,262



Amortisation


At 1 July 2023
33,315
6,290
25,000
64,605


Charge for the year
17,639
794
5,000
23,433



At 30 June 2024

50,954
7,084
30,000
88,038



Net book value



At 30 June 2024
11,304
920
20,000
32,224



At 30 June 2023
28,943
1,714
25,000
55,657



Page 8

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 July 2023
2,278
12,641
14,919


Additions
408
-
408



At 30 June 2024

2,686
12,641
15,327



Depreciation


At 1 July 2023
1,443
9,175
10,618


Charge for the year
341
2,546
2,887



At 30 June 2024

1,784
11,721
13,505



Net book value



At 30 June 2024
902
920
1,822



At 30 June 2023
835
3,466
4,301


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
29,530
81,201



7.


Debtors

2024
2023
£
£


Trade debtors
123,945
118,854

Other debtors
14,023
44,093

Prepayments and accrued income
22,328
39,490

160,296
202,437


Page 9

 
BRICK PRINT FASHION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,654
-

Trade creditors
46,951
20,718

Other taxation and social security
23,267
17,759

Other creditors
147,490
132,119

Accruals and deferred income
4,875
14,249

224,237
184,845



9.


Related party transactions

At the balance sheet date, the company owed its directors £130,168 (2023: £110,667). This amount is interest free and repayable on demand.

 
Page 10