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REGISTERED NUMBER: 02675882 (England and Wales)










BRADCLAD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






BRADCLAD LIMITED (REGISTERED NUMBER: 02675882)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


BRADCLAD LIMITED (REGISTERED NUMBER: 02675882)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,477 83,580

CURRENT ASSETS
Stocks - 82,205
Debtors 5 51,269 138,020
Cash at bank and in hand 18,905 46,912
70,174 267,137
CREDITORS
Amounts falling due within one year 6 218,938 303,180
NET CURRENT LIABILITIES (148,764 ) (36,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES (137,287 ) 47,537

CREDITORS
Amounts falling due after more than one year 7 (17,175 ) (42,268 )

PROVISIONS FOR LIABILITIES - (13,662 )
NET LIABILITIES (154,462 ) (8,393 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (154,464 ) (8,395 )
SHAREHOLDERS' FUNDS (154,462 ) (8,393 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 director and authorised for issue on 5th January 2024 and were signed by:



K Bradley - Director


BRADCLAD LIMITED (REGISTERED NUMBER: 02675882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Bradclad Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02675882

Registered office: 3365 Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

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.

The director anticipates that the company will cease trading in the near future. Accordingly the financial statements are prepared on a basis other than that of a going concern. For consistency purposes long term fixed assets and long term creditors continue to be presented as such although in a non-going concern situation there are likely to be current in nature. It is considered that these presentational aspects and the non-inclusion of any closure costs within these financial statements will not materially affect a view taken by a user of the financial statement.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and Machinery - 10% on reducing balance and 15% on reducing balance
Fixtures and Fittings- 20% on cost
Motor Vehicles- 25% on cost
Computer Equipment- 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


BRADCLAD LIMITED (REGISTERED NUMBER: 02675882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 5 ) .

BRADCLAD LIMITED (REGISTERED NUMBER: 02675882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022 166,024
Disposals (106,217 )
At 30th September 2023 59,807
DEPRECIATION
At 1st October 2022 82,444
Charge for year 3,680
Eliminated on disposal (37,794 )
At 30th September 2023 48,330
NET BOOK VALUE
At 30th September 2023 11,477
At 30th September 2022 83,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 141 108,229
Amounts owed by group undertakings 5,128 208
Other debtors 46,000 29,583
51,269 138,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,911 9,589
Hire purchase contracts - 8,332
Trade creditors 30,416 94,189
Amounts owed to group undertakings 85,274 115,241
Taxation and social security 88,426 49,358
Other creditors 3,911 26,471
218,938 303,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,175 27,687
Hire purchase contracts - 14,581
17,175 42,268

BRADCLAD LIMITED (REGISTERED NUMBER: 02675882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 22,913

Hire purchase obligations are secured on the relevant assets financed.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2