1 December 2022 v2024.64.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP093141982022-12-012023-11-30093141982023-11-30093141982022-11-3009314198core:WithinOneYear2023-11-3009314198core:WithinOneYear2022-11-3009314198core:ShareCapital2023-11-3009314198core:ShareCapital2022-11-3009314198core:RetainedEarningsAccumulatedLosses2023-11-3009314198core:RetainedEarningsAccumulatedLosses2022-11-3009314198bus:Director12022-12-012023-11-3009314198bus:RegisteredOffice2022-12-012023-11-30093141982021-12-012022-11-3009314198core:PlantMachinery2022-12-0109314198core:PlantMachinery2022-12-012023-11-3009314198core:PlantMachinery2023-11-3009314198core:PlantMachinery2022-11-300931419812022-12-012023-11-3009314198countries:EnglandWales2022-12-012023-11-3009314198bus:AuditExemptWithAccountantsReport2022-12-012023-11-3009314198bus:PrivateLimitedCompanyLtd2022-12-012023-11-3009314198bus:SmallEntities2022-12-012023-11-3009314198bus:FullAccounts2022-12-012023-11-30
Company registration number:
09314198
Bradbury Street Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Bradbury Street Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Bradbury Street Limited
Year ended
30 November 2023
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 Street Limited
for the year ended
30 November 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Bradbury Street Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Bradbury Street Limited
and state those matters that we have agreed to state to the Board of Directors of
Bradbury Street Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Bradbury Street Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Bradbury Street 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 Street Limited
. You consider that
Bradbury Street 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 Street 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.
Regents AI Limited
Chartered Certified Accountants
37 Bicknoller Road
Enfield
Middlesex
EN1 3NN
United Kingdom
Date:
26 November 2024
Bradbury Street Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
53,183
 
33,524
 
Current assets    
Debtors 6
135,408
 
32,031
 
Cash at bank and in hand
256,127
 
231,086
 
391,535
 
263,117
 
Creditors: amounts falling due within one year 7
(127,063
)
(93,711
)
Net current assets
264,472
 
169,406
 
Total assets less current liabilities 317,655   202,930  
Provisions for liabilities
(13,296
) -  
Net assets
304,359
 
202,930
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
304,259
 
202,830
 
Shareholders funds
304,359
 
202,930
 
For the year ending
30 November 2023
, 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.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
26 November 2024
, and are signed on behalf of the board by:
Shubha Giri
Director
Company registration number:
09314198
Bradbury Street Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The company registered office and business address is
52 Boleyn Road
, ,
N16 8JP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery: 20% reducing balance basis

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4 Average number of employees

The average number of persons employed by the company during the year was
17
(2022:
14
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2022
63,620
 
Additions
32,955
 
At
30 November 2023
96,575
 
Depreciation  
At
1 December 2022
30,096
 
Charge
13,296
 
At
30 November 2023
43,392
 
Carrying amount  
At
30 November 2023
53,183
 
At 30 November 2022
33,524
 

6 Debtors

20232022
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
99,627
  -  
Other debtors
35,781
 
32,031
 
135,408
 
32,031
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
104,352
 
83,610
 
Other creditors
22,711
 
10,101
 
127,063
 
93,711
 

8 Controlling party

S Giri exercises control over the company by virtue of his shareholding.