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REGISTERED NUMBER: 05250789 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bradley Knipe Ltd.

Bradley Knipe Ltd. (Registered number: 05250789)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bradley Knipe Ltd.

Company Information
for the year ended 31 December 2023







DIRECTORS: C Bradley
Mrs D Bradley



SECRETARY: R Bradley



REGISTERED OFFICE: 41 High Street
Doncaster
South Yorkshire
DN1 1DE



REGISTERED NUMBER: 05250789 (England and Wales)



ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ



BANKERS: NatWest
119 High Street
Scunthorpe
North Lincolnshire
DN15 6LT

Bradley Knipe Ltd. (Registered number: 05250789)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 5,413 6,374
5,413 6,374

CURRENT ASSETS
Inventories 129,292 126,465
Debtors 6 26,070 19,051
Cash at bank and in hand 22,797 51,367
178,159 196,883
CREDITORS
Amounts falling due within one year 7 101,336 85,810
NET CURRENT ASSETS 76,823 111,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,236

117,447

CREDITORS
Amounts falling due after more than
one year

8

(70,179

)

(84,979

)

PROVISIONS FOR LIABILITIES (1,028 ) (1,211 )
NET ASSETS 11,029 31,257

Bradley Knipe Ltd. (Registered number: 05250789)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,929 31,157
11,029 31,257

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.

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 15 July 2024 and were signed on its behalf by:





C Bradley - Director


Bradley Knipe Ltd. (Registered number: 05250789)

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

1. STATUTORY INFORMATION

Bradley Knipe Ltd. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets 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.
Plant and machinery etc - 15% on reducing balance and Straight line over 3 years

Stocks
Inventories 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.


Bradley Knipe Ltd. (Registered number: 05250789)

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

Hire purchase and leasing commitments
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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 75,000
AMORTISATION
At 1 January 2023
and 31 December 2023 75,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Bradley Knipe Ltd. (Registered number: 05250789)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 17,580
DEPRECIATION
At 1 January 2023 11,206
Charge for year 961
At 31 December 2023 12,167
NET BOOK VALUE
At 31 December 2023 5,413
At 31 December 2022 6,374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 240 1,040
Other debtors 25,830 18,011
26,070 19,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,095 19,095
Trade creditors 4,560 2,190
Taxation and social security 6,791 5,215
Other creditors 70,890 59,310
101,336 85,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 70,179 84,979

Bradley Knipe Ltd. (Registered number: 05250789)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,973 20,773

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C Bradley
Balance outstanding at start of year - (13,033 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -