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BRADSHAW ENGINEERING SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADSHAW ENGINEERING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Bradshaw
P A Bradshaw





REGISTERED OFFICE: Unit 3a Plot 6b Eagle Road
Quarry Hill Industrial Estate
Ilkeston
Derbyshire
DE7 4RB





REGISTERED NUMBER: 14014499 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,250 9,250
Tangible assets 5 9,622 11,865
17,872 21,115

CURRENT ASSETS
Debtors 6 27,021 32,616
Cash at bank 16,714 38,577
43,735 71,193
CREDITORS
Amounts falling due within one year 7 35,582 59,734
NET CURRENT ASSETS 8,153 11,459
TOTAL ASSETS LESS CURRENT LIABILITIES 26,025 32,574

PROVISIONS FOR LIABILITIES 8 1,600 3,000
NET ASSETS 24,425 29,574

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 24,305 29,454
SHAREHOLDERS' FUNDS 24,425 29,574

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.

BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





P A Bradshaw - Director


BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Bradshaw Engineering Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2022, 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 750
Charge for year 1,000
At 31 March 2024 1,750
NET BOOK VALUE
At 31 March 2024 8,250
At 31 March 2023 9,250

BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,315 72 9,850 402 12,639
Additions - - - 515 515
At 31 March 2024 2,315 72 9,850 917 13,154
DEPRECIATION
At 1 April 2023 132 11 616 15 774
Charge for year 328 9 2,308 113 2,758
At 31 March 2024 460 20 2,924 128 3,532
NET BOOK VALUE
At 31 March 2024 1,855 52 6,926 789 9,622
At 31 March 2023 2,183 61 9,234 387 11,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,455 30,243
Other debtors 1,566 2,373
27,021 32,616

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,335 6,382
Taxation and social security 16,879 17,952
Other creditors 10,368 35,400
35,582 59,734

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,600 3,000

BRADSHAW ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 14014499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 3,000
Utilised during year (1,400 )
Balance at 31 March 2024 1,600

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
40 Ordinary C £1 40 40
120 120