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COMPANY REGISTRATION NUMBER: 09572800
BULLEYS BRADBURY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
BULLEYS BRADBURY LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
66,924
56,549
Cash at bank and in hand
19,589
22,086
--------
--------
86,513
78,635
CREDITORS: amounts falling due within one year
6
93,750
70,421
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 7,237)
8,214
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 7,237)
8,214
-------
-------
NET (LIABILITIES)/ASSETS
( 7,237)
8,214
-------
-------
CAPITAL AND RESERVES
Called up share capital
7
120
120
Profit and loss account
( 7,357)
8,094
-------
-------
SHAREHOLDERS (DEFICIT)/FUNDS
( 7,237)
8,214
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BULLEYS BRADBURY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 October 2024 , and are signed on behalf of the board by:
Mr N A Muscutt
Mr R A Spiby
Director
Director
Mr S D Perriton
Mr R A Bradbury
Director
Director
Company registration number: 09572800
BULLEYS BRADBURY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Pearson Road, Central Park, Telford, Shropshire, TF2 9TX.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment property measured at fair value through the income statement. The financial statements are prepared in Sterling, which is the functional currency of the company. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to date based upon a proportion of the total expected consideration.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. DEBTORS
2024
2023
£
£
Trade debtors
38,233
37,798
Other debtors
28,691
18,751
--------
--------
66,924
56,549
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
14,656
14,125
Corporation tax
5,196
24,577
Social security and other taxes
15,522
15,585
Other creditors
58,376
16,134
--------
--------
93,750
70,421
--------
--------
7. CALLED UP SHARE CAPITAL
Issued and called up
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
120
120
120
120
----
----
----
----
Shares issued and partly paid
2024
2023
No.
£
No.
£
Ordinary shares - £– paid of £ 1 each
120
120
----
----
----
----
8. OTHER FINANCIAL COMMITMENTS
At the balance sheet date the company had total commitments under operating leases of £3,355 (2023:£10,064).
9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr R A Bradbury
9,390
28,500
( 18,700)
19,190
-------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr R A Bradbury
30,550
( 21,160)
9,390
----
--------
--------
-------
No interest was charged on the above advances, which are repayable on demand.