Company Registration No. 08772384 (England and Wales)
Brand of Brothers Limited
Unaudited accounts
for the year ended 30 November 2019
Brand of Brothers Limited
Unaudited accounts
Contents
Brand of Brothers Limited
Company Information
for the year ended 30 November 2019
Directors
David Richard Taylor
Matthew Victor Fulbrook
Greg Ovenden
Company Number
08772384 (England and Wales)
Registered Office
18 ETHERLEY DRIVE
NEWTON-LE-WILLOWS
WA12 8NS
UNITED KINGDOM
Accountants
Etherley Consulting Ltd
18 Etherley Drive
NEWTON-LE-WILLOWS
Merseyside
WA12 8NS
Brand of Brothers Limited
Statement of financial position
as at 30 November 2019
Tangible assets
3,077
1,242
Cash at bank and in hand
217,827
278,504
Creditors: amounts falling due within one year
(82,100)
(82,745)
Net current assets
227,278
251,199
Total assets less current liabilities
230,355
252,441
Provisions for liabilities
Other provisions
(15,083)
(18,417)
Net assets
215,272
234,024
Called up share capital
100
100
Profit and loss account
207,182
225,934
Shareholders' funds
215,272
234,024
For the year ending 30 November 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 April 2020.
David Richard Taylor
Director
Company Registration No. 08772384
Brand of Brothers Limited
Notes to the Accounts
for the year ended 30 November 2019
Brand of Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 08772384. The registered office is 18 ETHERLEY DRIVE, NEWTON-LE-WILLOWS, WA12 8NS, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Brand of Brothers Limited
Notes to the Accounts
for the year ended 30 November 2019
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Computer equipment
Trade debtors
76,305
48,090
Accrued income and prepayments
2,840
6,692
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
26,240
11,827
Taxes and social security
7,977
26,930
Brand of Brothers Limited
Notes to the Accounts
for the year ended 30 November 2019
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Provisions for liabilities
£
At 30 November 2019
15,083
The Company holds a specific provision against a historic unpaid debt. During the year £2083.35 was received, with a further £1250.01 received after the year-end date, with the provision reduced accordingly by the same amounts. Material uncertainty remains regarding recoverability of the residual sum owed and remains fully provided for.
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Operating lease commitments
2019
2018
At 30 November 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
4,409
5,144
Within two to five years
4,409
8,818
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Transactions with related parties
During the year, the company received £68,462.42 for management services provided to Brand of Brothers International Ltd, a company in which all of the Directors are shareholders.
£5,113.42 owed by Brand of Brothers International Ltd, is included within trade debtors at the year-end.
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Average number of employees
During the year the average number of employees was 6 (2018: 5).
