IRIS Accounts Production v24.2.0.383 00629237 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006292372023-01-31006292372024-01-31006292372023-02-012024-01-31006292372022-01-31006292372022-02-012023-01-31006292372023-01-3100629237ns15:EnglandWales2023-02-012024-01-3100629237ns14:PoundSterling2023-02-012024-01-3100629237ns10:Director12023-02-012024-01-3100629237ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3100629237ns10:SmallEntities2023-02-012024-01-3100629237ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3100629237ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3100629237ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3100629237ns10:AbridgedAccounts2023-02-012024-01-3100629237ns10:Director22023-02-012024-01-3100629237ns10:CompanySecretary12023-02-012024-01-3100629237ns10:RegisteredOffice2023-02-012024-01-3100629237ns5:CurrentFinancialInstruments2024-01-3100629237ns5:CurrentFinancialInstruments2023-01-3100629237ns5:Non-currentFinancialInstruments2024-01-3100629237ns5:Non-currentFinancialInstruments2023-01-3100629237ns5:ShareCapital2024-01-3100629237ns5:ShareCapital2023-01-3100629237ns5:RetainedEarningsAccumulatedLosses2024-01-3100629237ns5:RetainedEarningsAccumulatedLosses2023-01-3100629237ns5:PlantMachinery2023-02-012024-01-3100629237ns5:LeasedAssetsHeldAsLessee2023-02-012024-01-31
REGISTERED NUMBER: 00629237 (England and Wales)















H A BRIDDON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


H A BRIDDON LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: S R Briddon
H G Briddon





SECRETARY: J A Briddon





REGISTERED OFFICE: Brookfield Industrial Estate
Old Coach Road
Tansley
Matlock
Derbyshire
DE4 5ND





REGISTERED NUMBER: 00629237 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 575,226 524,589
Investments 5 1 1
575,227 524,590

CURRENT ASSETS
Stocks 132,077 73,000
Debtors 1,057,643 805,452
Prepayments and accrued income 824 1,863
Cash at bank 1,025,600 736,588
2,216,144 1,616,903
CREDITORS
Amounts falling due within one year (1,208,065 ) (1,083,738 )
NET CURRENT ASSETS 1,008,079 533,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,583,306

1,057,755

CREDITORS
Amounts falling due after more than one
year

(156,262

)

(92,843

)

PROVISIONS FOR LIABILITIES (15,000 ) (18,349 )
NET ASSETS 1,412,044 946,563

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 1,410,044 944,563
SHAREHOLDERS' FUNDS 1,412,044 946,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

ABRIDGED BALANCE SHEET - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 October 2024 and were signed on its behalf by:





S R Briddon - Director


H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

H A Briddon 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.

Preparation of consolidated financial statements
The financial statements contain information about H A Briddon Limited as an individual company and do not contain consolidated financial information as a parent company. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

When the outcome of a construction contract can be estimated reliably, the company shall recognise contract revenue and contract costs associated with the construction contract as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period.

When it is probable that total contract costs will exceed total contract revenue on a construction contract, the expected loss shall be recognised as an expense immediately.

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.
Plant and machinery etc - 25% on reducing balance

Freehold buildings are recognised at historical cost less depreciation to their expected net realisable value on a straight line basis over 50 years. Where the expected residual value less costs to sell exceeds the carrying value, no depreciation is accounted for.

Freehold land is not depreciated.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress
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.

The value of work in progress at the year end is measured according to the expected turnover which will be generated for works completed but not yet invoiced at the year end.


H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


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.

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.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

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 29 (2023 - 23 ) .

H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 772,597
Additions 146,646
At 31 January 2024 919,243
DEPRECIATION
At 1 February 2023 248,008
Charge for year 96,009
At 31 January 2024 344,017
NET BOOK VALUE
At 31 January 2024 575,226
At 31 January 2023 524,589

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

Totals
£   
COST
At 1 February 2023 236,741
Additions 146,646
At 31 January 2024 383,387
DEPRECIATION
At 1 February 2023 62,710
Charge for year 80,170
At 31 January 2024 142,880
NET BOOK VALUE
At 31 January 2024 240,507
At 31 January 2023 174,031

Outstanding amounts owing on hire purchase contracts are secured against the asset to which they relate.

H A BRIDDON LIMITED (REGISTERED NUMBER: 00629237)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

On 12 September 2023 the company became a wholly owned subsidiary of Briddon Holdings Limited by way of a share for share exchange.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Briddon by virtue of their majority shareholding in the company's parent company Briddon Holdings Limited.