Brands 2 You Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09612418 (England and Wales)

Financial Statements

for the Year Ended 31 December 2018

for

Brands 2 You Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A S Bhakta

REGISTERED OFFICE:

One World House

Pump Lane

Hayes

Middlesex

UB3 3NB

REGISTERED NUMBER:

09612418 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

CURRENT ASSETS

Stocks

3

6,150

6,350

Debtors

4

169,098

113,129

Cash at bank and in hand

1,092

529

176,340

120,008

CREDITORS

Amounts falling due within one year

5

(126,356

)

(126,710

)

NET CURRENT ASSETS/(LIABILITIES)

49,984

(6,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,984

(6,702

)

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

49,974

(6,712

)

SHAREHOLDERS' FUNDS

49,984

(6,702

)

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 director on 27 September 2019 and were signed by:

Mr A S Bhakta - Director

1.	STATUTORY INFORMATION

Brands 2 You Limited 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.

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.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company will continue to

receive adequate financial assistance from Directors, Bankers and other creditors.

3.

STOCKS

2018

2017

£

£

Stocks

6,150

6,350

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

29

Related party

165,928

113,100

Directors' current accounts

3,170

-

169,098

113,129

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

75,441

65,231

Tax

-

179

VAT

7,465

8,520

Related Party

41,050

41,200

Directors' current accounts

-

9,900

Accrued expenses

2,400

1,680

126,356

126,710

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary shares

£1.00

10

10

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Ashok Mukundlal Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A S Bhakta.

The ultimate controlling party is Mr A S Bhakta.