Company Registration No. 04990801 (England and Wales)
Bradley Electrical (2004) Limited
Unaudited accounts
for the year ended 31 December 2022
Bradley Electrical (2004) Limited
Unaudited accounts
Contents
Bradley Electrical (2004) Limited
Company Information
for the year ended 31 December 2022
Company Number
04990801 (England and Wales)
Registered Office
42 ALDWICK ROAD
BOGNOR REGIS
WEST SUSSEX
PO21 2PN
Accountants
TILLEYS ACCOUNTANCY LIMITED
Bizspace
Unit 31 Courtwick Lane
Littlehampton
West Sussex
BN17 7TL
Bradley Electrical (2004) Limited
Accountants' report
Accountants' report to the director of Bradley Electrical (2004) Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
TILLEYS ACCOUNTANCY LIMITED
Bizspace
Unit 31 Courtwick Lane
Littlehampton
West Sussex
BN17 7TL
26 September 2023
Bradley Electrical (2004) Limited
Statement of financial position
as at 31 December 2022
Tangible assets
116,058
108,710
Cash at bank and in hand
34,075
67,042
Creditors: amounts falling due within one year
(200,909)
(211,353)
Net current liabilities
(31,664)
(5,388)
Total assets less current liabilities
84,394
103,322
Creditors: amounts falling due after more than one year
(39,755)
(69,987)
Called up share capital
1,998
1,998
Profit and loss account
42,641
31,337
Shareholders' funds
44,639
33,335
For the year ending 31 December 2022 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 26 September 2023 and were signed on its behalf by
Mr C Nunn
Director
Company Registration No. 04990801
Bradley Electrical (2004) Limited
Notes to the Accounts
for the year ended 31 December 2022
Bradley Electrical (2004) Limited is a private company, limited by shares, registered in England and Wales, registration number 04990801. The registered office is 42 ALDWICK ROAD, BOGNOR REGIS, WEST SUSSEX, PO21 2PN.
2
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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
10% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
4,368
169,076
2,130
28,459
204,033
Additions
-
20,115
-
-
20,115
At 31 December 2022
4,368
189,191
2,130
28,459
224,148
At 1 January 2022
3,004
71,360
1,651
19,308
95,323
Charge for the year
342
11,651
72
702
12,767
At 31 December 2022
3,346
83,011
1,723
20,010
108,090
At 31 December 2022
1,022
106,180
407
8,449
116,058
At 31 December 2021
1,364
97,716
479
9,151
108,710
Bradley Electrical (2004) Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
114,242
112,945
Accrued income and prepayments
15,928
20,978
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
54,940
42,593
Obligations under finance leases and hire purchase contracts
20,634
29,922
Trade creditors
77,349
79,691
Taxes and social security
17,299
14,229
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
29,840
25,820
8
Average number of employees
During the year the average number of employees was 14 (2021: 14).