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REGISTERED NUMBER: 04790249 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRADBURY TRANSPORT SERVICES LIMITED

BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRADBURY TRANSPORT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Davy Brunel





SECRETARY: Reed Smith Corporate Services Limited





REGISTERED OFFICE: Hangars, 3,4 & 5 Wood End Lane
Fradley Park
Lichfield
Staffordshire
WS13 8EL





REGISTERED NUMBER: 04790249 (England and Wales)





AUDITORS: Defries Weiss (Accountants) Limited
Statutory Auditors
1 Bridge Lane
London
NW11 0EA

BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 142
Tangible assets 5 115,344 195,152
115,344 195,294

CURRENT ASSETS
Debtors 6 241,239 543,738
Cash at bank and in hand 751,298 679,929
992,537 1,223,667
CREDITORS
Amounts falling due within one year 7 1,022,511 1,377,945
NET CURRENT LIABILITIES (29,974 ) (154,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,370

41,016

CREDITORS
Amounts falling due after more than one year 8 - (9,389 )

PROVISIONS FOR LIABILITIES 10 (28,836 ) (48,788 )
NET ASSETS/(LIABILITIES) 56,534 (17,161 )

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 11 1 1
Retained earnings 11 56,433 (17,262 )
SHAREHOLDERS' FUNDS 56,534 (17,161 )

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 3 July 2024 and were signed by:





Davy Brunel - Director


BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

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

1. STATUTORY INFORMATION

Bradbury Transport Services 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.


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, was amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, they are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Commercial vehicles5 to 7 years on straight line method
Motor vehicles5 to 7 years on straight line method
Computer equipment3 years on straight line method
Plant and machinery3 to 7 years on straight line method

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, in which case the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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.

BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 40 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 213,900 285 214,185
AMORTISATION
At 1 January 2023 213,900 143 214,043
Charge for year - 142 142
At 31 December 2023 213,900 285 214,185
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 142 142

BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 388,954
Additions 2,614
Disposals (156,000 )
At 31 December 2023 235,568
DEPRECIATION
At 1 January 2023 193,802
Charge for year 34,802
Eliminated on disposal (108,380 )
At 31 December 2023 120,224
NET BOOK VALUE
At 31 December 2023 115,344
At 31 December 2022 195,152

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 293,166
Disposals (156,000 )
At 31 December 2023 137,166
DEPRECIATION
At 1 January 2023 151,400
Eliminated on disposal (108,380 )
At 31 December 2023 43,020
NET BOOK VALUE
At 31 December 2023 94,146
At 31 December 2022 141,766

BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

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

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 14,619 382,180
Other debtors 216,846 161,558
231,465 543,738

Amounts falling due after more than one year:
Other debtors 9,774 -

Aggregate amounts 241,239 543,738

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 9) 9,499 34,138
Trade creditors 234,142 184,821
Amounts owed to participating interest - 1,000
Amounts owed to parent company 576,312 1,065,217
Taxation and social security 138,279 78,769
Other creditors 64,279 14,000
1,022,511 1,377,945

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.23 31.12.22
£ £
Hire purchase contracts (see note 9)-9,389
-9,389


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 9,499 34,138
Between one and five years - 9,389
9,499 43,527

BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

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

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 28,836 48,788

Deferred
tax
£   
Balance at 1 January 2023 48,788
Movement for the period (19,952 )
Balance at 31 December 2023 28,836

11. RESERVES

Capital
Retainedredemption
earningsreserveTotals
£££

At 1 January 2023(17,262)1(17,261)
Profit for the year73,695-73,695
56,433156,434

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Warren Weiss LLB, MSc, MA, FCA (Senior Statutory Auditor)
for and on behalf of Defries Weiss (Accountants) Limited



13. LEASE COMMITMENTS

At the balance sheet date the company was committed to rental payments of £94,055 (2022: £214,055) for office premises under a lease which expires on 22 October 2024. This includes £94,055 (2022: £120,000) that was due within one year.


14. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £576,312 (2022: £1,065,217) to the immediate holding company Roxane UK Ltd and £nil (2022: £1,000) to Bradbury Transport Property Ltd. Interest is not charged on the balances within the group. All transactions with related parties were conducted in the normal course of business and were at arm's length.


BRADBURY TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 04790249)

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

15. ULTIMATE CONTROLLING PARTY

The ultimate holding company is Alma SA for which the registered office address is Les Clos des Sources, 61420, La Ferrière-Bochard, Normandy, France. The parent company of the smallest and largest group to include the company in its consolidated financial statements is Alma SA.


16. GOING CONCERN

At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Going concern depends on the continued support of the group. The director has reason to believe that this support will not be withdrawn in the foreseeable future, and therefore the going concern basis is reasonable.