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REGISTERED NUMBER: 04768247 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

P.O. Brady Limited

P.O. Brady Limited (Registered number: 04768247)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P.O. Brady Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr P O Brady





SECRETARY: Mrs S Brady





REGISTERED OFFICE: West Mill
West Street
Bere Regis
Wareham
Dorset
BH20 7HS





REGISTERED NUMBER: 04768247 (England and Wales)





ACCOUNTANTS: Ward Goodman
St Mary's House
24 North Street
Wareham
Dorset
BH20 4AG

P.O. Brady Limited (Registered number: 04768247)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 11,500
Tangible assets 5 3,368 4,491
3,368 15,991

CURRENT ASSETS
Stocks 361,943 360,943
Debtors 17,265 51,402
Cash at bank 412,365 529,664
791,573 942,009
CREDITORS
Amounts falling due within one year 66,547 87,440
NET CURRENT ASSETS 725,026 854,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

728,394

870,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 728,294 870,460
SHAREHOLDERS' FUNDS 728,394 870,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P.O. Brady Limited (Registered number: 04768247)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 23 February 2024 and were signed by:





Mr P O Brady - Director


P.O. Brady Limited (Registered number: 04768247)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

P.O. Brady 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year/period 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.

Hire purchase and leasing commitments
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.

P.O. Brady Limited (Registered number: 04768247)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 230,000
AMORTISATION
At 1 June 2022 218,500
Amortisation for year 11,500
At 31 May 2023 230,000
NET BOOK VALUE

At 31 May 2023 -
At 31 May 2022 11,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 77,843
DEPRECIATION
At 1 June 2022 73,352
Charge for year 1,123
At 31 May 2023 74,475
NET BOOK VALUE
At 31 May 2023 3,368
At 31 May 2022 4,491

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of this entity is Mr P Brady and Mrs S Brady by way of their combined 100% shareholding.