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REGISTERED NUMBER: 11041201 (England and Wales)















BRADFORDS CARPETS AND BEDS LTD

Unaudited Financial Statements for the Year Ended 31 December 2023






BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BRADFORDS CARPETS AND BEDS LTD

Company Information
for the year ended 31 December 2023







Directors: G S Tyler
H L T Simcox





Secretary: D Tyler





Registered office: 9 High Street
Evesham
Worcestershire
WR11 4DA





Registered number: 11041201 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 91,000 116,500
Tangible assets 5 118,282 125,566
209,282 242,066

Current assets
Stocks 53,843 38,659
Debtors 6 145,429 23,794
Cash at bank 91,484 216,770
290,756 279,223
Creditors
Amounts falling due within one year 7 267,903 212,755
Net current assets 22,853 66,468
Total assets less current liabilities 232,135 308,534

Creditors
Amounts falling due after more than one year 8 (15,439 ) (24,946 )

Provisions for liabilities (22,473 ) (21,026 )
Net assets 194,223 262,562

Capital and reserves
Called up share capital 60 60
Retained earnings 194,163 262,502
Shareholders' funds 194,223 262,562

BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)

Balance Sheet - continued
31 December 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





G S Tyler - Director


BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)

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

1. Statutory information

Bradfords Carpets and Beds 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
Turnover 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 2018, is being amortised evenly over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

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.

BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)

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 10 (2022 - 9 ) .

4. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£ £ £
Cost
At 1 January 2023
and 31 December 2023 200,000 27,500 227,500
Amortisation
At 1 January 2023 100,000 11,000 111,000
Charge for year 20,000 5,500 25,500
At 31 December 2023 120,000 16,500 136,500
Net book value
At 31 December 2023 80,000 11,000 91,000
At 31 December 2022 100,000 16,500 116,500

BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)

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

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 January 2023 36,481 148,264 3,782 188,527
Additions 11,165 16,579 1,864 29,608
Disposals - (8,883 ) - (8,883 )
At 31 December 2023 47,646 155,960 5,646 209,252
Depreciation
At 1 January 2023 20,912 40,078 1,971 62,961
Charge for year 3,892 29,628 1,264 34,784
Eliminated on disposal - (6,775 ) - (6,775 )
At 31 December 2023 24,804 62,931 3,235 90,970
Net book value
At 31 December 2023 22,842 93,029 2,411 118,282
At 31 December 2022 15,569 108,186 1,811 125,566

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£
Cost
At 1 January 2023
and 31 December 2023 15,990
Depreciation
At 1 January 2023 9,525
Charge for year 1,616
At 31 December 2023 11,141
Net book value
At 31 December 2023 4,849
At 31 December 2022 6,465

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 9,618 13,091
Amounts owed by group undertakings 126,125 -
Other debtors 9,686 10,703
145,429 23,794

BRADFORDS CARPETS AND BEDS LTD (REGISTERED NUMBER: 11041201)

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

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 34,900 37,812
Taxation and social security 41,460 32,384
Other creditors 191,543 142,559
267,903 212,755

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 15,439 24,946

9. Secured debts

National Westminster Bank PLC hold a fixed charge over all the property and undertaking on the company.