REGISTERED NUMBER: 10288183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BV BRANDS LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B Watkiss

Mrs V K L Watkiss

R Wylie

Growth Partner II LLP

REGISTERED OFFICE:

Croft Chambers

Bancroft

Hitchin

SG5 1JQ

REGISTERED NUMBER:

10288183 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Intangible assets

4

77,989

33,642

Tangible assets

5

32,690

25,783

110,679

59,425

CURRENT ASSETS

Stocks

1,916,403

1,417,776

Debtors

6

514,465

387,836

Cash at bank

404,168

778,103

2,835,036

2,583,715

CREDITORS

Amounts falling due within one year

7

1,758,993

971,379

NET CURRENT ASSETS

1,076,043

1,612,336

TOTAL ASSETS LESS CURRENT LIABILITIES

1,186,722

1,671,761

CAPITAL AND RESERVES

Called up share capital

2,404,081

2,404,081

Retained earnings

(1,217,359

)

(732,320

)

1,186,722

1,671,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 31 December 2025 and were signed on its behalf by:

B Watkiss - Director

1.	STATUTORY INFORMATION

BV Brands 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 24 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

35,414

Additions

53,225

At 31 March 2025

88,639

AMORTISATION

At 1 April 2024

1,772

Charge for year

8,878

At 31 March 2025

10,650

NET BOOK VALUE

At 31 March 2025

77,989

At 31 March 2024

33,642

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

20,792

47,337

68,129

Additions

8,739

21,939

30,678

At 31 March 2025

29,531

69,276

98,807

DEPRECIATION

At 1 April 2024

10,040

32,306

42,346

Charge for year

9,112

14,659

23,771

At 31 March 2025

19,152

46,965

66,117

NET BOOK VALUE

At 31 March 2025

10,379

22,311

32,690

At 31 March 2024

10,752

15,031

25,783

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

74,794

43,639

Other debtors

439,671

344,197

514,465

387,836

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

65,553

174,264

Trade creditors

1,023,267

527,316

Taxation and social security

243,814

180,632

Other creditors

426,359

89,167

1,758,993

971,379