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Registered number: 08668623
Brethren Apparel Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Brethren Apparel Ltd For The Year Ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Brethren Apparel Ltd which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Brethren Apparel Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Brethren Apparel Ltd and state those matters that we have agreed to state to the directors of Brethren Apparel Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brethren Apparel Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Brethren Apparel Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Brethren Apparel Ltd . You consider that Brethren Apparel 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 accounts of Brethren Apparel 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 financial statements.
19 December 2025
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 08668623
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,130 7,048
Debtors 5 24,647 25,036
Cash at bank and in hand 22,195 17,020
47,972 49,104
Creditors: Amounts Falling Due Within One Year 6 (87,834 ) (87,881 )
NET CURRENT ASSETS (LIABILITIES) (39,862 ) (38,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES (39,862 ) (38,777 )
Creditors: Amounts Falling Due After More Than One Year 7 (858 ) (5,858 )
NET LIABILITIES (40,720 ) (44,635 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (40,722 ) (44,637 )
SHAREHOLDERS' FUNDS (40,720) (44,635)
Page 2
Page 3
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A A Kyte
Director
19 December 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Brethren Apparel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08668623 . The registered office is 42 Hillview Crescent, Guildford , Surrey, GU2 8BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Despite the company having a negative balance sheet at the year-end, the company has the continuing support of the directors and therefore the accounts have been prepared on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 4
Page 5
4. Stocks
2025 2024
£ £
Finished goods 1,130 7,048
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,597 5,986
Other debtors 19,050 19,050
24,647 25,036
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 617 1,415
Bank loans and overdrafts 5,549 5,000
Other creditors 78,225 75,191
Taxation and social security 3,443 6,275
87,834 87,881
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 858 5,858
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
At the year-end, the company was owed £19,050.06 by Brethren Apparel (Ireland) Ltd.
Page 5