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REGISTERED NUMBER: 06018111 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

BRAD ABRAHAMS LIMITED

BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BRAD ABRAHAMS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: B J Abrahams
S H Abrahams





SECRETARY: S H Abrahams





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 06018111 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brad Abrahams Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brad Abrahams Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brad Abrahams Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brad Abrahams Limited and state those matters that we have agreed to state to the Board of Directors of Brad Abrahams Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brad Abrahams Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brad Abrahams Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brad Abrahams Limited. You consider that Brad Abrahams Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brad Abrahams Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


18 September 2024

BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 106,003 78,418
Investments 6 852,152 610,601
958,155 689,019

CURRENT ASSETS
Stocks 96,545 69,178
Debtors 7 66,828 49,643
Cash at bank 328,356 388,557
491,729 507,378
CREDITORS
Amounts falling due within one year 8 188,595 205,320
NET CURRENT ASSETS 303,134 302,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,289

991,077

CREDITORS
Amounts falling due after more than one
year

9

(22,500

)

(32,500

)

PROVISIONS FOR LIABILITIES 11 (35,485 ) (7,042 )
NET ASSETS 1,203,304 951,535

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,203,204 951,435
SHAREHOLDERS' FUNDS 1,203,304 951,535

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

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

BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





B J Abrahams - Director


BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Brad Abrahams 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods and services, excluding value added tax. Turnover is recognised when the service is rendered or the goods are sold.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been amortised evenly over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Where a lease has a rent free period, the rental expense is spread over the lifetime of the lease.

Investments
Investments in shares and other similar financial assets held for investment are held at fair value, with gains and losses taken to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 226,000
AMORTISATION
At 1 January 2023
and 31 December 2023 226,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 96,581 45,415 29,303 15,351 186,650
Additions 977 1,501 53,590 2,052 58,120
At 31 December 2023 97,558 46,916 82,893 17,403 244,770
DEPRECIATION
At 1 January 2023 62,768 24,361 7,326 13,777 108,232
Charge for year 6,958 3,383 18,891 1,303 30,535
At 31 December 2023 69,726 27,744 26,217 15,080 138,767
NET BOOK VALUE
At 31 December 2023 27,832 19,172 56,676 2,323 106,003
At 31 December 2022 33,813 21,054 21,977 1,574 78,418

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 610,601
Additions 310,415
Disposals (157,569 )
Revaluations 88,705
At 31 December 2023 852,152
NET BOOK VALUE
At 31 December 2023 852,152
At 31 December 2022 610,601


BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,832 34,365
Other debtors 20,996 15,278
66,828 49,643

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,074 15,068
Taxation and social security 80,940 97,399
Other creditors 92,581 82,853
188,595 205,320

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,500 32,500

The bank loan relates to a government supported bounce back loan.

10. LEASING AGREEMENTS

At the year end the company had total outstanding lease commitments of £402,002 (2022: £425,750) payable over the next 10 years.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 35,485 7,042

Deferred
tax
£   
Balance at 1 January 2023 7,042
Accelerated capital allowances 6,895
Revaluation of investments 21,548
Balance at 31 December 2023 35,485

At the balance sheet date the deferred tax provision relates to:
- £26,500 on accelerated capital allowances
- £8,985 on investment revaluations

BRAD ABRAHAMS LIMITED (REGISTERED NUMBER: 06018111)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

13. PARENT COMPANY

The parent company is Hams Holdings Ltd.

14. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.