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REGISTERED NUMBER: 12970006















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Bradfield Wholesale Ltd

Bradfield Wholesale Ltd (Registered number: 12970006)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Bradfield Wholesale Ltd (Registered number: 12970006)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £ £
Fixed assets
Tangible assets 4 21,874 24,305

Current assets
Stocks 5 326,500 272,000
Debtors 6 82,411 98,973
Cash at bank 1,059 -
409,970 370,973
Creditors
Amounts falling due within one year 7 (342,350 ) (49,204 )
Net current assets 67,620 321,769
Total assets less current liabilities 89,494 346,074

Creditors
Amounts falling due after more than
one year

8

(73,500

)

(330,818

)
Net assets 15,994 15,256

Capital and reserves
Called up share capital 100 100
Retained earnings 10 15,894 15,156
Shareholders' funds 15,994 15,256

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.

Bradfield Wholesale Ltd (Registered number: 12970006)

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 12 August 2024 and were signed by:





Linas Bucys - Director


Bradfield Wholesale Ltd (Registered number: 12970006)

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

1. Statutory information

Bradfield Wholesale Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number: 12970006

Registered office: 427 Long Drive
Greenford
UB6 8UH

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.

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

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.


Bradfield Wholesale Ltd (Registered number: 12970006)

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

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 November 2022
and 31 October 2023 30,006
Depreciation
At 1 November 2022 5,701
Charge for year 2,431
At 31 October 2023 8,132
Net book value
At 31 October 2023 21,874
At 31 October 2022 24,305

5. Stocks
31.10.23 31.10.22
£ £
Finished goods 326,500 272,000

6. Debtors: amounts falling due within one year
31.10.23 31.10.22
£ £
Trade debtors 82,411 98,973

Bradfield Wholesale Ltd (Registered number: 12970006)

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

7. Creditors: amounts falling due within one year
31.10.23 31.10.22
£ £
Bank loans and overdrafts (see note 9)
-

3,667
Trade creditors 84,734 38,805
Corporation tax - 2,696
VAT 2,630 4,036
Other creditors 254,986 -
342,350 49,204

8. Creditors: amounts falling due after more than one year
31.10.23 31.10.22
£ £
Bank loans (see note 9) 73,500 76,500
Other creditors - 254,318
73,500 330,818

9. Loans

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£ £
Amounts falling due within one year or on demand:
Bank overdrafts - 3,667

Amounts falling due between one and two years:
Bank loans > 1 year 73,500 76,500

10. Reserves
Retained
earnings
£

At 1 November 2022 15,156
Profit for the year 738
At 31 October 2023 15,894