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REGISTERED NUMBER: 09253517 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BRADY WILLIAMS LIMITED

BRADY WILLIAMS LIMITED (REGISTERED NUMBER: 09253517)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADY WILLIAMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr S P Brady
Ms E K Williams





REGISTERED OFFICE: Second Floor
26a Emerald Street
London
WC1N 3QA





REGISTERED NUMBER: 09253517 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

BRADY WILLIAMS LIMITED (REGISTERED NUMBER: 09253517)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,817 10,367
Tangible assets 5 75,102 16,570
79,919 26,937

CURRENT ASSETS
Debtors 6 278,858 113,373
Cash at bank and in hand 1,161,523 86,200
1,440,381 199,573
CREDITORS
Amounts falling due within one year 7 1,163,500 173,371
NET CURRENT ASSETS 276,881 26,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,800

53,139

PROVISIONS FOR LIABILITIES 14,580 6,734
NET ASSETS 342,220 46,405

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 342,219 46,404
SHAREHOLDERS' FUNDS 342,220 46,405

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

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

The directors acknowledge their 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.

BRADY WILLIAMS LIMITED (REGISTERED NUMBER: 09253517)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




Mr S P Brady - Director



Ms E K Williams - Director


BRADY WILLIAMS LIMITED (REGISTERED NUMBER: 09253517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Brady Williams 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the life of the lease
Plant and machinery etc - 25% on cost

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.

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.

BRADY WILLIAMS LIMITED (REGISTERED NUMBER: 09253517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 16,650
AMORTISATION
At 1 November 2022 6,283
Charge for year 5,550
At 31 October 2023 11,833
NET BOOK VALUE
At 31 October 2023 4,817
At 31 October 2022 10,367

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 - 89,986 89,986
Additions 42,434 38,205 80,639
Disposals - (45,109 ) (45,109 )
At 31 October 2023 42,434 83,082 125,516
DEPRECIATION
At 1 November 2022 - 73,416 73,416
Charge for year 4,951 12,370 17,321
Eliminated on disposal - (40,323 ) (40,323 )
At 31 October 2023 4,951 45,463 50,414
NET BOOK VALUE
At 31 October 2023 37,483 37,619 75,102
At 31 October 2022 - 16,570 16,570

BRADY WILLIAMS LIMITED (REGISTERED NUMBER: 09253517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 219,970 93,330
Other debtors 43,813 4,968
263,783 98,298

Amounts falling due after more than one year:
Other debtors 15,075 15,075

Aggregate amounts 278,858 113,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 47,262 27,216
Taxation and social security 268,923 28,381
Other creditors 847,315 117,774
1,163,500 173,371

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 41,875
Between one and five years 126,708 -
126,708 41,875

9. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Brady Williams Holdings Ltd whose registered office address is Second Floor, 26a Emerald Street, London, United Kingdom, WC1N 3QA.