Brand Culture Sport & Entertainment Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05144336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRAND CULTURE SPORT & ENTERTAINMENT

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S A White

Mr M P Mann

Ms J L Rastin

SECRETARY:

Mr M P Mann

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

05144336 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

FIXED ASSETS

Tangible assets

5

23,001

28,392

CURRENT ASSETS

Debtors

6

414,515

331,636

Cash at bank and in hand

138,286

333,556

552,801

665,192

CREDITORS

Amounts falling due within one year

7

487,568

498,889

NET CURRENT ASSETS

65,233

166,303

TOTAL ASSETS LESS CURRENT LIABILITIES

88,234

194,695

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

88,134

194,595

SHAREHOLDERS' FUNDS

88,234

194,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 25 January 2024 and were signed on its behalf by:

Mr M P Mann - Director

Mr S A White - Director

1.	STATUTORY INFORMATION

Brand Culture Sport & Entertainment 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings & equipment

-

25% on cost

Computer equipment

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 23 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2022

24,267

82,500

98,242

205,009

Additions

-

-

5,875

5,875

At 30 June 2023

24,267

82,500

104,117

210,884

DEPRECIATION

At 1 July 2022

24,190

67,817

84,610

176,617

Charge for year

26

3,671

7,569

11,266

At 30 June 2023

24,216

71,488

92,179

187,883

NET BOOK VALUE

At 30 June 2023

51

11,012

11,938

23,001

At 30 June 2022

77

14,683

13,632

28,392

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2022

34,000

Transfer to ownership

(34,000

)

At 30 June 2023

-

DEPRECIATION

At 1 July 2022

27,949

Charge for year

1,513

Transfer to ownership

(29,462

)

At 30 June 2023

-

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

6,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

389,668

302,824

Staff loan

-

326

Rent deposit

6,198

6,198

Other debtors

2,609

2,009

Deferred tax asset

8,164

7,957

Prepayments and accrued income

7,876

12,322

414,515

331,636

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Hire purchase contracts

-

2,322

Trade creditors

53,933

45,744

Taxation and social security

405,378

361,065

Other creditors

28,257

89,758

487,568

498,889

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

8,950

A Ordinary

1p

90

90

250

C Ordinary

1p

2

2

100

D Ordinary

1p

1

1

100

E Ordinary

1p

1

1

500

B Ordinary

1p

5

5

99

99

Allotted and issued:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

100

F Ordinary

1p

1

1

9.

RESERVES

Retained

earnings

£

At 1 July 2022

194,595

Profit for the year

318,911

Dividends

(425,372

)

At 30 June 2023

88,134