REGISTERED NUMBER: 12367595 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Brandquest UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Ms K A Lovelock

Wizard (Europe) Limited

REGISTERED OFFICE:

Unit 10 Valley Court

Sanderson Way

Middlewich

CW10 0GF

REGISTERED NUMBER:

12367595 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Tangible assets

4

21,101

24,852

CURRENT ASSETS

Stocks

1,014,354

673,689

Debtors

5

1,000,412

547,221

Cash at bank

1,130,987

552,223

3,145,753

1,773,133

CREDITORS

Amounts falling due within one year

6

(2,113,106

)

(785,678

)

NET CURRENT ASSETS

1,032,647

987,455

TOTAL ASSETS LESS CURRENT LIABILITIES

1,053,748

1,012,307

PROVISIONS FOR LIABILITIES

7

-

(813

)

NET ASSETS

1,053,748

1,011,494

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,053,746

1,011,492

SHAREHOLDERS' FUNDS

1,053,748

1,011,494

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

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

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.

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Ms K A Lovelock - Director

1.	STATUTORY INFORMATION

Brandquest UK Ltd 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

29,899

3,834

33,733

Additions

-

3,282

3,282

At 31 December 2024

29,899

7,116

37,015

DEPRECIATION

At 1 January 2024

7,475

1,406

8,881

Charge for year

5,606

1,427

7,033

At 31 December 2024

13,081

2,833

15,914

NET BOOK VALUE

At 31 December 2024

16,818

4,283

21,101

At 31 December 2023

22,424

2,428

24,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

974,017

467,483

Payment on account

-

434

Other debtors

13,635

76,500

Deposits

500

500

Directors' current accounts

317

177

Deferred tax asset

1,329

-

Prepayments

10,614

2,127

1,000,412

547,221

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,137,670

18,186

Tax

163,205

288,170

Social security and other taxes

63,123

8,401

Pension payable

944

847

VAT

33,521

85,462

Payment on account

16

-

Related party

711,177

382,162

Accrued expenses

3,450

2,450

2,113,106

785,678

7.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

813

Deferred

tax

£

Balance at 1 January 2024

813

Accelerated capital allowances

(2,142

)

Balance at 31 December 2024

(1,329

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Ms K A Lovelock

Balance outstanding at start of year

(177

)

(2,939

)

Amounts advanced

-

127,872

Amounts repaid

(140

)

(125,110

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(317

)

(177

)

Wizard (Europe) Limited

Balance outstanding at start of year

393,478

439,929

Amounts advanced

851,288

127,067

Amounts repaid

(537,182

)

(173,518

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

707,584

393,478

10.	RELATED PARTY DISCLOSURES

Brandquest OU

A company in which Mr S Lovelock is a shareholder

2024

2023

£

£

Amount due to related party at the balance sheet date

3,594

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms K A Lovelock.

The following reproduces the text of the report prepared for the directors in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brandquest UK Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brandquest UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brandquest UK Ltd and state those matters that we have agreed to state to the Board of Directors of Brandquest UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brandquest UK Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brandquest UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brandquest UK Ltd. You consider that Brandquest UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brandquest UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

Date: .............................................