Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 02681557 P M Bradley-Watson J Hawley M J Leach M Loose T A Brewster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02681557 2023-07-31 02681557 2024-07-31 02681557 2023-08-01 2024-07-31 02681557 frs-core:CurrentFinancialInstruments 2024-07-31 02681557 frs-core:Non-currentFinancialInstruments 2024-07-31 02681557 frs-core:BetweenOneFiveYears 2024-07-31 02681557 frs-core:ComputerEquipment 2024-07-31 02681557 frs-core:ComputerEquipment 2023-08-01 2024-07-31 02681557 frs-core:ComputerEquipment 2023-07-31 02681557 frs-core:FurnitureFittings 2024-07-31 02681557 frs-core:FurnitureFittings 2023-08-01 2024-07-31 02681557 frs-core:FurnitureFittings 2023-07-31 02681557 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 02681557 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02681557 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 02681557 frs-core:MotorVehicles 2024-07-31 02681557 frs-core:MotorVehicles 2023-08-01 2024-07-31 02681557 frs-core:MotorVehicles 2023-07-31 02681557 frs-core:PlantMachinery 2024-07-31 02681557 frs-core:PlantMachinery 2023-08-01 2024-07-31 02681557 frs-core:PlantMachinery 2023-07-31 02681557 frs-core:WithinOneYear 2024-07-31 02681557 frs-core:CapitalRedemptionReserve 2024-07-31 02681557 frs-core:ShareCapital 2024-07-31 02681557 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 02681557 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02681557 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 02681557 frs-bus:SmallEntities 2023-08-01 2024-07-31 02681557 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02681557 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02681557 frs-core:UnlistedNon-exchangeTraded 2024-07-31 02681557 frs-core:UnlistedNon-exchangeTraded 2023-07-31 02681557 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 02681557 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 02681557 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 02681557 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 02681557 frs-bus:Director1 2023-08-01 2024-07-31 02681557 frs-bus:Director2 2023-08-01 2024-07-31 02681557 frs-bus:Director3 2023-08-01 2024-07-31 02681557 frs-bus:Director4 2023-08-01 2024-07-31 02681557 frs-bus:Director5 2023-08-01 2024-07-31 02681557 frs-core:CurrentFinancialInstruments 1 2024-07-31 02681557 frs-countries:EnglandWales 2023-08-01 2024-07-31 02681557 2022-07-31 02681557 2023-07-31 02681557 2022-08-01 2023-07-31 02681557 frs-core:CurrentFinancialInstruments 2023-07-31 02681557 frs-core:Non-currentFinancialInstruments 2023-07-31 02681557 frs-core:BetweenOneFiveYears 2023-07-31 02681557 frs-core:WithinOneYear 2023-07-31 02681557 frs-core:CapitalRedemptionReserve 2023-07-31 02681557 frs-core:ShareCapital 2023-07-31 02681557 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 02681557 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 02681557
The Bradley Collection Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
The Boss Partnership
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02681557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 283,133 121,996
Investments 5 113,123 113,123
396,256 235,119
CURRENT ASSETS
Stocks 6 549,658 755,622
Debtors 7 761,125 699,904
Cash at bank and in hand 211,035 380,148
1,521,818 1,835,674
Creditors: Amounts Falling Due Within One Year 8 (928,600 ) (1,018,310 )
NET CURRENT ASSETS (LIABILITIES) 593,218 817,364
TOTAL ASSETS LESS CURRENT LIABILITIES 989,474 1,052,483
Creditors: Amounts Falling Due After More Than One Year 9 (120,260 ) (223,962 )
NET ASSETS 869,214 828,521
CAPITAL AND RESERVES
Called up share capital 11 10,000 9,332
Capital redemption reserve (23,972 ) (23,972 )
Profit and Loss Account 883,186 843,161
SHAREHOLDERS' FUNDS 869,214 828,521
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P M Bradley-Watson
Director
29/01/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Bradley Collection Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02681557 . The registered office is 16 Maitland Road, Lion Barn, Needham Market, Suffolk, IP6 8NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 3 to 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Term of the Lease
Plant & Machinery 15% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 15% Straight line
Computer Equipment 33% Straight line
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Page 4
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2023: 39)
44 39
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 86,105 622,377 35,184 129,191
Additions - 43,776 53,749 109,054
Disposals - (22,212 ) - (4,118 )
As at 31 July 2024 86,105 643,941 88,933 234,127
Depreciation
As at 1 August 2023 86,105 533,935 35,185 113,637
Provided during the period - 30,609 6,718 16,941
Disposals - (22,212 ) - (4,014 )
As at 31 July 2024 86,105 542,332 41,903 126,564
Net Book Value
As at 31 July 2024 - 101,609 47,030 107,563
As at 1 August 2023 - 88,442 (1 ) 15,554
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 August 2023 121,381 994,238
Additions 27,956 234,535
Disposals - (26,330 )
As at 31 July 2024 149,337 1,202,443
Depreciation
As at 1 August 2023 103,380 872,242
Provided during the period 19,026 73,294
Disposals - (26,226 )
As at 31 July 2024 122,406 919,310
Net Book Value
As at 31 July 2024 26,931 283,133
As at 1 August 2023 18,001 121,996
5. Investments
Unlisted
£
Cost
As at 1 August 2023 113,123
As at 31 July 2024 113,123
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 113,123
As at 1 August 2023 113,123
6. Stocks
2024 2023
£ £
Materials 549,658 755,622
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 352,090 306,546
Prepayments and accrued income 184,774 214,365
Other debtors 59,362 56,750
R&D Accrued Claim - 11,582
Directors' loan accounts 9,641 9,641
Amounts owed by group undertakings 155,258 101,020
761,125 699,904
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,924 8,031
Trade creditors 497,710 541,006
Bank loans and overdrafts 136,082 169,057
Other taxes and social security 33,054 35,840
VAT 63,138 36,924
Pension liability 9,150 12,077
Other creditors. 127,147 94,036
Accruals and deferred income 47,395 121,339
928,600 1,018,310
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,129 4,749
Bank loans 83,131 219,213
120,260 223,962
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,924 8,031
Later than one year and not later than five years 37,129 4,749
52,053 12,780
52,053 12,780
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 9,332
12. Related Party Transactions
During the year the company made sales totaling £1,128,511 (2022/23- £895,522) to The Bradley Collection Inc. and settled expenses on behalf of The Bradley Collection Inc. totaling £323,733 (2022/23 - £223,578). In 2023-24 the Company charged £128,980 in royalties to The Bradley Collection Inc.
The Bradley Collection Inc. settled expenses on behalf of the company totaling £0 (2022/23 – £0) and the Company charged a management fee to The Bradley Collection Inc of £74,000 (2022/23 - £60,000).
The Bradley Collection Inc. paid the Company outstanding balances of £1,689,033 and dividends of £325,000 
At the end of the year £142,408 (2022/23 £98,420) remained outstanding and is included in amounts owed by group undertakings. 
Interest is not payable on these amounts.
The Bradley Collection Inc. is wholly owned subsidiary of The Bradley Collection Ltd.
The Bradley Distribution (Wholesale) Limited is wholly owned subsidiary of The Bradley Collection Ltd since April 2020. Investment of £113,074.
During Aug 22-Jul 23 period the company made sales totaling £0.
The Bradley Distribution (Wholesale) Ltd paid the company outstanding balances of £0.
In the 2022-2023 the company did not charge royalties to The Bradley Distribution (Wholesale) Ltd.
The company made a loan to The Bradley Distribution (Wholesale) Ltd of £5,250 and £0 of this amount was repaid by the year end. Interest is not payable on outstanding loan amounts.
At the end of the year £12850 remained outstanding.
The ultimate controlling party is P M Bradley-Watson.
Page 7