BRANDS_INCORPORATED_LIMIT - Accounts

BRANDS INCORPORATED LIMITED - Company Information

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Company Registration No. 05900349 (England and Wales)

BRANDS INCORPORATED LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

BRANDS INCORPORATED LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

BRANDS INCORPORATED LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRANDS INCORPORATED LIMITED FOR THE YEAR ENDED 31 MARCH 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brands Incorporated Limited for the year ended 31 March 2014 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 firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Brands Incorporated Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brands Incorporated Limited and state those matters that we have agreed to state to the Board of Directors of Brands Incorporated Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brands Incorporated Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Brands Incorporated Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brands Incorporated Limited. You consider that Brands Incorporated Limited 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 financial statements of Brands Incorporated Limited. 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 statutory financial statements.

Carpenter Box

24 November 2014

Chartered Accountants

Amelia House

Crescent Road

Worthing

West Sussex

BN11 1QR

BRANDS INCORPORATED LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

3,652

4,596

Current assets

Debtors

66,181

30,081

Cash at bank and in hand

106,760

94,485

172,941

124,566

Creditors: amounts falling due within one year

(58,631)

(52,678)

Net current assets

114,310

71,888

Total assets less current liabilities

117,962

76,484

Provisions for liabilities

(300)

(460)

117,662

76,024

Capital and reserves

Called up share capital

101

Profit and loss account

117,561

75,923

Shareholders' funds

117,662

76,024

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 November 2014

Mr R Wade

Director

Company Registration No. 05900349

BRANDS INCORPORATED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings leasehold

20% per annum straight line

Plant and machinery

33% per annum straight line

Computer equipment

25% per annum straight line

1.4

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 April 2013

8,459

Additions

865

At 31 March 2014

9,324

Depreciation

At 1 April 2013

3,863

Charge for the period

1,809

At 31 March 2014

5,672

Net book value

At 31 March 2014

3,652

At 31 March 2013

4,596

Share capital

2014

2013

Allotted, called up and fully paid

101 Ordinary shares of £1 each

101