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REGISTERED NUMBER: 09004063













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BRADGATE FINANCIAL SOLUTIONS LTD

BRADGATE FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 09004063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADGATE FINANCIAL SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs C S Kind
D W Pierce





REGISTERED OFFICE: Cedar House
3 Broad Street
Enderby
Leicester
LE19 4AA





REGISTERED NUMBER: 09004063





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

BRADGATE FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 09004063)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,850 5,839

CURRENT ASSETS
Stocks 132,000 120,000
Debtors 5 3,745 15,729
Cash at bank 41,876 41,615
177,621 177,344
CREDITORS
Amounts falling due within one year 6 68,566 71,848
NET CURRENT ASSETS 109,055 105,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,905

111,335

PROVISIONS FOR LIABILITIES 7 921 1,109
NET ASSETS 112,984 110,226

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 112,884 110,126
SHAREHOLDERS' FUNDS 112,984 110,226

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BRADGATE FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 09004063)

BALANCE SHEET - continued
30 APRIL 2024


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 5 August 2024 and were signed on its behalf by:




D W Pierce - Director



Mrs C S Kind - Director


BRADGATE FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 09004063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Bradgate Financial Solutions Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 4 (2023 - 4 ) .

BRADGATE FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 09004063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 14,887
Additions 224
At 30 April 2024 15,111
DEPRECIATION
At 1 May 2023 9,048
Charge for year 1,213
At 30 April 2024 10,261
NET BOOK VALUE
At 30 April 2024 4,850
At 30 April 2023 5,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,500 15,500
Prepayments 245 229
3,745 15,729

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 32,398 31,040
Tax 32,831 36,444
Social security and other taxes 880 836
Pension 451 635
Other creditors 313 -
Directors' current accounts 813 2,053
Accrued expenses 880 840
68,566 71,848

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 921 1,109

BRADGATE FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 09004063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 1,109
Provided during year (188 )
Balance at 30 April 2024 921

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

As at the year ended 30 April 2024, there was a balance owed to the directors by the company of £813 (2023 £2,053).This amount is included within creditors on the balance sheet

At the year end the company is owed £3,500 from Bradgate Properties Ltd which is an associated company. This amount is included within the debtors on the balance sheet.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Pierce & Mrs C Kind.