Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31322022-11-01falseNo description of principal activity26truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06717939 2022-11-01 2023-10-31 06717939 2021-11-01 2022-10-31 06717939 2023-10-31 06717939 2022-10-31 06717939 c:Director1 2022-11-01 2023-10-31 06717939 d:PlantMachinery 2022-11-01 2023-10-31 06717939 d:PlantMachinery 2023-10-31 06717939 d:PlantMachinery 2022-10-31 06717939 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06717939 d:MotorVehicles 2022-11-01 2023-10-31 06717939 d:FurnitureFittings 2022-11-01 2023-10-31 06717939 d:FurnitureFittings 2023-10-31 06717939 d:FurnitureFittings 2022-10-31 06717939 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06717939 d:OfficeEquipment 2022-11-01 2023-10-31 06717939 d:OfficeEquipment 2023-10-31 06717939 d:OfficeEquipment 2022-10-31 06717939 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06717939 d:ComputerEquipment 2022-11-01 2023-10-31 06717939 d:ComputerEquipment 2023-10-31 06717939 d:ComputerEquipment 2022-10-31 06717939 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06717939 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06717939 d:CurrentFinancialInstruments 2023-10-31 06717939 d:CurrentFinancialInstruments 2022-10-31 06717939 d:Non-currentFinancialInstruments 2023-10-31 06717939 d:Non-currentFinancialInstruments 2022-10-31 06717939 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06717939 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 06717939 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 06717939 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 06717939 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 06717939 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 06717939 d:ShareCapital 2023-10-31 06717939 d:ShareCapital 2022-10-31 06717939 d:RetainedEarningsAccumulatedLosses 2023-10-31 06717939 d:RetainedEarningsAccumulatedLosses 2022-10-31 06717939 c:FRS102 2022-11-01 2023-10-31 06717939 c:IndependentExaminationCharity 2022-11-01 2023-10-31 06717939 c:FullAccounts 2022-11-01 2023-10-31 06717939 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06717939 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 06717939 d:HirePurchaseContracts d:WithinOneYear 2022-10-31 06717939 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 06717939 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-10-31 06717939 d:HirePurchaseContracts d:MoreThanFiveYears 2023-10-31 06717939 d:HirePurchaseContracts d:MoreThanFiveYears 2022-10-31 06717939 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 06717939 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 06717939 2 2022-11-01 2023-10-31 06717939 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-31 06717939 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-10-31 06717939 d:LeasedAssetsHeldAsLessee 2023-10-31 06717939 d:LeasedAssetsHeldAsLessee 2022-10-31 06717939 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 06717939









BRADMOOR HATCHERIES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
BRADMOOR HATCHERIES LIMITED
REGISTERED NUMBER: 06717939

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,054,824
899,597

  
1,054,824
899,597

Current assets
  

Stocks
  
61,602
66,565

Debtors: amounts falling due within one year
 5 
51,748
28,547

Cash at bank and in hand
 6 
45,883
78,467

  
159,233
173,579

Creditors: amounts falling due within one year
 7 
(745,390)
(673,366)

Net current liabilities
  
 
 
(586,157)
 
 
(499,787)

Total assets less current liabilities
  
468,667
399,810

Creditors: amounts falling due after more than one year
 8 
(302,536)
(306,190)

Provisions for liabilities
  

Deferred tax
 11 
(263,706)
(170,923)

  
 
 
(263,706)
 
 
(170,923)

Net liabilities
  
(97,575)
(77,303)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(97,675)
(77,403)

  
(97,575)
(77,303)


Page 1

 
BRADMOOR HATCHERIES LIMITED
REGISTERED NUMBER: 06717939
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




................................................
Jane Ann Gollins
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The entity is a private company limited by share capital, registered in England and Wales and the registered address is situated at Unit 3, Bradburys Court, Lyon Road, Harrow HA1 2BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
20%
Sheds and Fencings
-
10%
Premises Improvements
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2022 - 32).

Page 6

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Sheds and fencings
Premises Improve
Total

£
£
£
£
£



Cost or valuation


At 1 November 2022
82,775
1,022,636
186,132
285,554
1,577,097


Additions
43,583
400,570
5,523
-
449,676


Disposals
(52,392)
(99,092)
-
-
(151,484)



At 31 October 2023

73,966
1,324,114
191,655
285,554
1,875,289



Depreciation


At 1 November 2022
60,398
409,376
50,356
157,370
677,500


Charge for the year on owned assets
-
246,952
18,942
28,555
294,449


Disposals
(52,392)
(99,092)
-
-
(151,484)



At 31 October 2023

8,006
557,236
69,298
185,925
820,465



Net book value



At 31 October 2023
65,960
766,878
122,357
99,629
1,054,824



At 31 October 2022
22,377
613,260
135,776
128,184
899,597

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
4,772
7,646

4,772
7,646

Page 7

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
48,007
25,946

Other debtors
3,741
2,601

51,748
28,547



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
45,883
78,467

45,883
78,467



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
47,083
43,047

Other taxation and social security
8,110
-

Obligations under finance lease and hire purchase contracts
3,108
2,251

Other creditors
682,114
623,093

Accruals and deferred income
4,975
4,975

745,390
673,366


Page 8

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
300,000
300,000

Net obligations under finance leases and hire purchase contracts
2,536
6,190

302,536
306,190


The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable other than by instalments
300,000
300,000

300,000
300,000

The principal terms of the loan is that it is free of interest and has no fixed date for repayment.  The amounts stated on the balance sheet is the nominal value of the loan without applying any discounts to measure present value.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
300,000
300,000

300,000
300,000

300,000
300,000


Page 9

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
3,108
2,251

Between 1-5 years
2,536
2,251

Over 5 years
-
3,939

5,644
8,441


11.


Deferred taxation




2023


£






At beginning of year
(170,923)


Charged to profit or loss
(92,783)



At end of year
(263,706)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(263,706)
(170,923)

(263,706)
(170,923)


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £6,462 (2022 - £4,372) Contributions totalling £2,620 (2022 - £3,382) were payable to the fund at the reporting date and are included in creditors.

Page 10

 
BRADMOOR HATCHERIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

13.


Transactions with directors

The company operates from land owned by members of key management personnel and paid no rents during the current or preceding accounting period.  The members of key management personnel have advanced loans to the company that are free of interest and repayable on demand.  The amounts outstanding as at the balance sheet date is £675,513 (2022 - £619,712) and is included in other creditors amounts falling due within one year.
Included in creditors amounts falling due after more than one year is an amount of £300,000 (2022 - £300,000) advanced by the directors.  The principal terms of the advance is that they are free of interest and has no fixed date for repayment.  This amount is stated at its nominal value without discounting to measure present value.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2023 was unqualified.

The audit report was signed on 29 July 2024 by  (Senior Statutory Auditor) on behalf of Hemsley Miller.

 
Page 11