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REGISTERED NUMBER: 05146468 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BRAY FOODS LIMITED

BRAY FOODS LIMITED (REGISTERED NUMBER: 05146468)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRAY FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr J W T Jevens
Mr J C J Jevens





SECRETARY: Mr J W T Jevens





REGISTERED OFFICE: 4 Clayton Lane South
off Ashton Old Road
Openshaw
Manchester
M12 5SS





REGISTERED NUMBER: 05146468 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

BRAY FOODS LIMITED (REGISTERED NUMBER: 05146468)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,757 6,597
17,757 6,597

CURRENT ASSETS
Stocks 280,902 275,000
Debtors 845,095 900,288
Cash at bank and in hand 427,620 441,156
1,553,617 1,616,444
CREDITORS
Amounts falling due within one year (1,177,049 ) (1,153,163 )
NET CURRENT ASSETS 376,568 463,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,325

469,878

CREDITORS
Amounts falling due after more than one year - (100,536 )

PROVISIONS FOR LIABILITIES (4,440 ) (1,390 )
NET ASSETS 389,885 367,952

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 388,885 366,952
SHAREHOLDERS' FUNDS 389,885 367,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

BRAY FOODS LIMITED (REGISTERED NUMBER: 05146468)

ABRIDGED BALANCE SHEET - continued
31 JULY 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 Balance Sheet for the year ended 31 July 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr J W T Jevens - Director


BRAY FOODS LIMITED (REGISTERED NUMBER: 05146468)

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


1. STATUTORY INFORMATION

Bray Foods 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.

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 arises from the sale of retail and wholesale food products and is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Goodwill
Goodwill is amortised evenly over its estimated useful life.

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 Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Leasing commitments
Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

BRAY FOODS LIMITED (REGISTERED NUMBER: 05146468)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 18,000
AMORTISATION
At 1 August 2022
and 31 July 2023 18,000
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 36,734
Additions 13,671
At 31 July 2023 50,405
DEPRECIATION
At 1 August 2022 30,137
Charge for year 2,511
At 31 July 2023 32,648
NET BOOK VALUE
At 31 July 2023 17,757
At 31 July 2022 6,597


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 19,600 1,900
Between one and five years 495,189 49,000
514,789 50,900

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 134,786

The bank loan is secured by a fixed and floating charge over the assets of the company.

BRAY FOODS LIMITED (REGISTERED NUMBER: 05146468)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000