Company Registration No. 11874795 (England and Wales)
Warrior Brands Ltd
Unaudited accounts
for the year ended 31 August 2024
Warrior Brands Ltd
Unaudited accounts
Contents
Warrior Brands Ltd
Company Information
for the year ended 31 August 2024
Director
Mr Philip Peter Reynolds
Company Number
11874795 (England and Wales)
Registered Office
C/O Pearl Accounting Limited Suite 1
116 Ballards Lane
Finchley
N3 2DN
United Kingdom
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Warrior Brands Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
27,533
39,333
Tangible assets
28,358
34,268
Cash at bank and in hand
44,641
20,140
Creditors: amounts falling due within one year
(315,932)
(504,481)
Net current liabilities
(135,237)
(114,251)
Total assets less current liabilities
(79,346)
(40,650)
Creditors: amounts falling due after more than one year
(25,311)
(39,006)
Net liabilities
(104,657)
(79,656)
Called up share capital
1
1
Profit and loss account
(104,658)
(79,657)
Shareholders' funds
(104,657)
(79,656)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 31 August 2025 and were signed on its behalf by
Mr Philip Peter Reynolds
Director
Company Registration No. 11874795
Warrior Brands Ltd
Notes to the Accounts
for the year ended 31 August 2024
Warrior Brands Ltd is a private company, limited by shares, registered in England and Wales, registration number 11874795. The registered office is C/O Pearl Accounting Limited Suite 1, 116 Ballards Lane, Finchley, N3 2DN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company meets its day to day working capital requirements through its cash reserves. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise cost - 20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Warrior Brands Ltd
Notes to the Accounts
for the year ended 31 August 2024
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:
Motor vehicles
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
At 1 September 2023
59,000
At 1 September 2023
19,667
Charge for the year
11,800
Warrior Brands Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
2,237
43,168
4,214
49,619
Additions
-
16,620
1,243
17,863
At 31 August 2024
2,237
59,788
5,457
67,482
At 1 September 2023
912
13,210
1,229
15,351
Charge for the year
331
21,907
1,535
23,773
At 31 August 2024
1,243
35,117
2,764
39,124
At 31 August 2024
994
24,671
2,693
28,358
At 31 August 2023
1,325
29,958
2,985
34,268
Amounts falling due within one year
Trade debtors
120,434
251,818
Amounts due from group undertakings etc.
1,156
1,156
Deferred tax asset
14,464
14,464
Accrued income and prepayments
-
1,654
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
9,118
7,859
Trade creditors
167,753
227,878
Amounts owed to group undertakings and other participating interests
-
287
Taxes and social security
63,739
47,535
Other creditors
25,835
63,639
Loans from directors
29,487
83,052
Included in creditors falling due within one year are hire purchase agreements amounting to £nil (2022: £7,859) which are secured on the assets of the
Warrior Brands Ltd
Notes to the Accounts
for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,139
16,319
Included in creditors falling due after more than one year are hire purchase agreements
amounting to £nil (2022: £30,125) which are secured on the assets of the company.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 11 (2023: 5).