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REGISTERED NUMBER: SC257338 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

T.W Bradley Contracts Ltd.

T.W Bradley Contracts Ltd. (Registered number: SC257338)






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


T.W Bradley Contracts Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTOR: T W Bradley





REGISTERED OFFICE: 148 Wraes View
Barrhead
Glasgow
G78 1UL





REGISTERED NUMBER: SC257338 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

T.W Bradley Contracts Ltd. (Registered number: SC257338)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,176 60,176
Tangible assets 5 58,513 63,736
118,689 123,912

CURRENT ASSETS
Debtors 6 49,526 72,211
Cash at bank and in hand 425,240 407,457
474,766 479,668
CREDITORS
Amounts falling due within one year 7 17,494 13,443
NET CURRENT ASSETS 457,272 466,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,961

590,137

PROVISIONS FOR LIABILITIES 14,923 14,923
NET ASSETS 561,038 575,214

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 560,938 575,114
SHAREHOLDERS' FUNDS 561,038 575,214

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 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.

T.W Bradley Contracts Ltd. (Registered number: SC257338)

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 director and authorised for issue on 29 July 2024 and were signed by:





T W Bradley - Director


T.W Bradley Contracts Ltd. (Registered number: SC257338)

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

1. STATUTORY INFORMATION

T.W Bradley Contracts Ltd. is a private company, limited by shares , registered in Scotland. 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 0, is being amortised evenly over its estimated useful life of nil 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.

Formation expenses are being amortised evenly over their estimated useful life of nil years.

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 etc - 25% on reducing balance and 10% on reducing balance

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.

T.W Bradley Contracts Ltd. (Registered number: SC257338)

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 12 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Formation
Goodwill expenses Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 60,000 176 60,176
NET BOOK VALUE
At 31 October 2023 60,000 176 60,176
At 31 October 2022 60,000 176 60,176

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 24,609 3,673 472,904 501,186
Additions - - 21,018 21,018
Disposals - - (20,000 ) (20,000 )
At 31 October 2023 24,609 3,673 473,922 502,204
DEPRECIATION
At 1 November 2022 17,949 2,555 416,946 437,450
Charge for year 3,429 168 19,244 22,841
Eliminated on disposal - - (16,600 ) (16,600 )
At 31 October 2023 21,378 2,723 419,590 443,691
NET BOOK VALUE
At 31 October 2023 3,231 950 54,332 58,513
At 31 October 2022 6,660 1,118 55,958 63,736

T.W Bradley Contracts Ltd. (Registered number: SC257338)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Debtors & prepaid charges 33,803 58,822
Rent Deposit 4,000 4,000
VAT 11,723 9,389
49,526 72,211

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Creditors & accrued charges 6,499 6,598
Social security and other taxes 8,107 6,845
Directors' current accounts 2,888 -
17,494 13,443

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2022 575,114
Deficit for the year (14,176 )
At 31 October 2023 560,938