Brand Prospectors Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09916019

BRAND PROSPECTORS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

BRAND PROSPECTORS LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Intangible assets	5	79,182	101,327
Tangible assets	6	48,130	82,381
		---------	---------
		127,312	183,708

CURRENT ASSETS

Stocks		52,306	52,866
Debtors	7	25,742	36,457
Cash at bank and in hand		41,825	93,693
		---------	---------
		119,873	183,016

CREDITORS: amounts falling due within one year	8	276,592	380,306
		---------	---------
NET CURRENT LIABILITIES		156,719	197,290
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 29,407)	( 13,582)

CREDITORS: amounts falling due after more than one year	9	2,026	7,908
		--------	--------
NET LIABILITIES		( 31,433)	( 21,490)
		--------	--------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	( 31,435)	( 21,492)
	--------	--------
SHAREHOLDERS DEFICIT	( 31,433)	( 21,490)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 .

BRAND PROSPECTORS LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 13 October 2025 , and are signed on behalf of the board by:

Mr S King	Mrs W King
Director	Director

Company registration number: 09916019

BRAND PROSPECTORS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Daffy House, Crayke, York, YO61 4TH.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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:

	Goodwill	-	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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 17 (2024: 9 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	146,419
	---------
Amortisation
At 1 April 2024	45,092
Charge for the year	22,145
	---------
At 31 March 2025	67,237
	---------
Carrying amount
At 31 March 2025	79,182
	---------
At 31 March 2024	101,327
	---------

6. TANGIBLE ASSETS

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	33,092	98,800	8,763	140,655
	--------	--------	-------	---------
Depreciation
At 1 April 2024	22,531	30,113	5,630	58,274
Charge for the year	8,228	24,700	1,323	34,251
	--------	--------	-------	---------
At 31 March 2025	30,759	54,813	6,953	92,525
	--------	--------	-------	---------
Carrying amount
At 31 March 2025	2,333	43,987	1,810	48,130
	--------	--------	-------	---------
At 31 March 2024	10,561	68,687	3,133	82,381
	--------	--------	-------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	10,032	5,973
Other debtors	15,710	30,484
	--------	--------
	25,742	36,457
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,979	5,900
Trade creditors	116,367	202,696
Social security and other taxes	3,970	2,448
Other creditors	150,276	169,262
	---------	---------
	276,592	380,306
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,026	7,908
	-------	-------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr S King	( 82,798)	9,651	( 73,147)
Mrs W King	( 82,797)	9,650	( 73,147)
	---------	--------	---------
	( 165,595)	19,301	( 146,294)
	---------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr S King	( 100,937)	18,139	( 82,798)
Mrs W King	( 100,937)	18,140	( 82,797)
	---------	--------	---------
	( 201,874)	36,279	( 165,595)
	---------	--------	---------