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REGISTERED NUMBER: 03479325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bradbury Tracks Limited

Bradbury Tracks Limited (Registered number: 03479325)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Bradbury Tracks Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Theophanous
F Theophanous
K Theophanous



SECRETARY: F D Theophanous



REGISTERED OFFICE: Unit 6
High Wycombe Business Park
Genoa Way
High Wycombe
Buckinghamshire
HP11 1FY



REGISTERED NUMBER: 03479325 (England and Wales)



ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE



SOLICITORS: Winters & Co
3 Baldock Street
Ware
Herts
SG12 9DH

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bradbury Tracks 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 Bradbury Tracks Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Bradbury Tracks Limited, as a body, in accordance with the terms of our engagement letter dated 5 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Bradbury Tracks Limited and state those matters that we have agreed to state to the Board of Directors of Bradbury Tracks 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 Bradbury Tracks Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bradbury Tracks 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 Bradbury Tracks Limited. You consider that Bradbury Tracks 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 Bradbury Tracks 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.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


15 October 2024

Bradbury Tracks Limited (Registered number: 03479325)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 93,892 141,452
93,892 141,452

CURRENT ASSETS
Stocks 3,306 6,407
Debtors 7 1,035,453 1,039,362
Cash at bank and in hand 175,013 188,354
1,213,772 1,234,123
CREDITORS
Amounts falling due within one year 8 724,181 634,618
NET CURRENT ASSETS 489,591 599,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,483

740,957

CREDITORS
Amounts falling due after more than one year 9 (70,079 ) (107,904 )

PROVISIONS FOR LIABILITIES 10 (6,188 ) (830 )
NET ASSETS 507,216 632,223

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 507,214 632,221
SHAREHOLDERS' FUNDS 507,216 632,223

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

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

Bradbury Tracks Limited (Registered number: 03479325)

Balance Sheet - continued
31 March 2024


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 October 2024 and were signed on its behalf by:





F Theophanous - Director


Bradbury Tracks Limited (Registered number: 03479325)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bradbury Tracks 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Compliance with accounting standards
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.

The company’s policy is to recognise a sale when substantively all the risks and rewards in connection with the goods have been passed to the buyer.

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 - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - Straight line over 5 years
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.

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.

Bradbury Tracks Limited (Registered number: 03479325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 21,966
AMORTISATION
At 1 April 2023
and 31 March 2024 21,966
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 74,984 127,949 12,104 177,025 392,062
DEPRECIATION
At 1 April 2023 63,812 125,282 12,104 49,412 250,610
Charge for year 2,483 1,328 - 43,749 47,560
At 31 March 2024 66,295 126,610 12,104 93,161 298,170
NET BOOK VALUE
At 31 March 2024 8,689 1,339 - 83,864 93,892
At 31 March 2023 11,172 2,667 - 127,613 141,452

Bradbury Tracks Limited (Registered number: 03479325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 33,528 48,734
Amounts owed by group undertakings 399,243 397,094
Other debtors 602,682 593,534
1,035,453 1,039,362

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 60,648 56,629
Trade creditors 405,760 362,279
Taxation and social security 123,612 94,817
Other creditors 134,161 120,893
724,181 634,618

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 70,079 107,904

10. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 6,188 830

Deferred
tax
£   
Balance at 1 April 2023 830
Provided during year 5,358
Balance at 31 March 2024 6,188

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary £1 2 2

Bradbury Tracks Limited (Registered number: 03479325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RELATED PARTY DISCLOSURES

The company was owed £587,349 (2023: £581,534) by Lockhart Properties Limited, a company under common control. Interest of £5,815 (2023: £5,758) was charged on this loan.

During the year the company paid £48,000 (2023: £48,000) rent to FD Theophanous, who is a director of the company.

13. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Wye Holdings Limited.

The ultimate controlling party is Mr F D Theophanus, a director of the company.