BrightAccountsProduction v1.0.0 v1.0.0 2023-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the acquisition and reconditioning of engineering parts and distribution. 29 November 2024 0 0 01095836 2024-02-29 01095836 2023-02-28 01095836 2022-02-28 01095836 2023-03-01 2024-02-29 01095836 2022-03-01 2023-02-28 01095836 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01095836 uk-curr:PoundSterling 2023-03-01 2024-02-29 01095836 uk-bus:AbridgedAccounts 2023-03-01 2024-02-29 01095836 uk-core:ShareCapital 2024-02-29 01095836 uk-core:ShareCapital 2023-02-28 01095836 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 01095836 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 01095836 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 01095836 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 01095836 uk-bus:FRS102 2023-03-01 2024-02-29 01095836 uk-core:Land 2023-03-01 2024-02-29 01095836 uk-core:PlantMachinery 2023-03-01 2024-02-29 01095836 uk-core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 01095836 uk-core:MotorVehicles 2023-03-01 2024-02-29 01095836 2023-03-01 2024-02-29 01095836 uk-bus:CompanySecretaryDirector1 2023-03-01 2024-02-29 01095836 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
Bradford Grinders (UK) Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 29 February 2024



Bradford Grinders (UK) Ltd
Company Registration Number: 01095836
ABRIDGED BALANCE SHEET
as at 29 February 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 24,004 26,311
───────── ─────────
 
Current Assets
Stocks 900,000 846,000
Debtors 223,454 256,460
Cash and cash equivalents 30,343 6,043
───────── ─────────
1,153,797 1,108,503
───────── ─────────
Creditors: amounts falling due within one year (357,072) (302,728)
───────── ─────────
Net Current Assets 796,725 805,775
───────── ─────────
Total Assets less Current Liabilities 820,729 832,086
 
Creditors:
amounts falling due after more than one year (3,786) (18,626)
───────── ─────────
Net Assets 816,943 813,460
═════════ ═════════
 
Capital and Reserves
Called up share capital 5,000 5,000
Retained earnings 811,943 808,460
───────── ─────────
Equity attributable to owners of the company 816,943 813,460
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 29 November 2024
           
           
________________________________          
Richard Chera          
Director          
           



Bradford Grinders (UK) Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Bradford Grinders (UK) Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 01095836. The registered office of the company is Bradford Grinders, Mount Street, Bradford, BD3 9SN which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 2% Straight line
  Plant and machinery - 15% Reducing balance
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 17, (2023 - 20).
             
4. Tangible assets
  Long Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 March 2023 38,109 429,145 38,317 100,851 606,422
  ───────── ───────── ───────── ───────── ─────────
 
At 29 February 2024 38,109 429,145 38,317 100,851 606,422
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 March 2023 22,099 419,005 38,156 100,851 580,111
Charge for the financial year 762 1,521 24 - 2,307
  ───────── ───────── ───────── ───────── ─────────
At 29 February 2024 22,861 420,526 38,180 100,851 582,418
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 29 February 2024 15,248 8,619 137 - 24,004
  ═════════ ═════════ ═════════ ═════════ ═════════
At 28 February 2023 16,010 10,140 161 - 26,311
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 29 February 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.