Company Registration No. 14156124 (England and Wales)
BRADY AUTOMATION LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
BRADY AUTOMATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRADY AUTOMATION LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
14,688
Current assets
-
Creditors: amounts falling due within one year
4
(16,979)
Net current liabilities
(16,979)
Net liabilities
(2,291)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(2,391)
Total equity
(2,291)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 1 March 2024
Mr B Brady
Director
Company Registration No. 14156124
BRADY AUTOMATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Brady Automation Limited is a private company limited by shares incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

These financial statements for the Period ended 30 June 2023 are the first financial statements of Brady Automation Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance basis
BRADY AUTOMATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
Number
Total
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 7 June 2022
-
0
Additions
15,000
At 30 June 2023
15,000
Depreciation and impairment
At 7 June 2022
-
0
Depreciation charged in the Period
312
At 30 June 2023
312
Carrying amount
At 30 June 2023
14,688
4
Creditors: amounts falling due within one year
2023
£
Other creditors
16,979
2023-06-302022-06-07false29 February 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr B Brady141561242022-06-072023-06-30141561242023-06-3014156124core:OtherPropertyPlantEquipment2023-06-3014156124core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3014156124core:ShareCapital2023-06-3014156124core:RetainedEarningsAccumulatedLosses2023-06-3014156124bus:Director12022-06-072023-06-3014156124core:PlantMachinery2022-06-072023-06-3014156124core:OtherPropertyPlantEquipment2022-06-0614156124core:OtherPropertyPlantEquipment2022-06-072023-06-3014156124core:CurrentFinancialInstruments2023-06-3014156124bus:PrivateLimitedCompanyLtd2022-06-072023-06-3014156124bus:SmallCompaniesRegimeForAccounts2022-06-072023-06-3014156124bus:FRS1022022-06-072023-06-3014156124bus:AuditExemptWithAccountantsReport2022-06-072023-06-3014156124bus:FullAccounts2022-06-072023-06-30xbrli:purexbrli:sharesiso4217:GBP