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Registration number: 03588808

Bradenford Software Ltd

(Previously Boult De Bradenford and Associates Limited)

Annual Report and Unaudited Financial Statements Year Ended 30 June 2024

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Chartered Accountants

 

Bradenford Software Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Bradenford Software Ltd

Company Information

Directors

R M Boult

G M Boult

Company secretary

Mrs D A Boult

Registered office

34 High East Street
Dorchester
DT1 1HA

Accountants

Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bradenford Software Ltdfor the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bradenford Software Ltd for the year ended 30 June 2024 as set out on pages 3 to 7 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Bradenford Software Ltd, as a body, in accordance with the terms of our engagement letter dated 4 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Bradenford Software Ltd and state those matters that we have agreed to state to the Board of Directors of Bradenford Software Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bradenford Software Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bradenford Software Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bradenford Software Ltd. You consider that Bradenford Software Ltd 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 accounts of Bradenford Software Ltd. 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 accounts.






Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

11 September 2024

 

Bradenford Software Ltd

(Registration number: 03588808)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30

40

Current assets

 

Debtors

5

-

2,100

Cash at bank and in hand

 

545

132

 

545

2,232

Creditors: Amounts falling due within one year

6

(3,297)

(13,403)

Net current liabilities

 

(2,752)

(11,171)

Net liabilities

 

(2,722)

(11,131)

Capital and reserves

 

Called up share capital

7

3,771

3,771

Retained earnings

(6,493)

(14,902)

Shareholders' deficit

 

(2,722)

(11,131)

For the financial year ending 30 June 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 September 2024 and signed on its behalf by:
 

G M Boult
Director

   
     
 

Bradenford Software Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The company was formerly known as Boult De Bradenford and Associates Limited.

The address of its registered office is:
34 High East Street
Dorchester
DT1 1HA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net liabilities of £2,722 (2023 £11,131). Despite this, the future viability of the company is assured by the continuing support of the directors who have agreed to introduce cash and other assets as and when required and do not require repayment of their loans to the company until it has sufficient funds to do so. The financial statements have therefore been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

 

Bradenford Software Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Bradenford Software Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Plant and Machinery
 £

Total
£

Cost or valuation

At 1 July 2023

5,325

5,325

At 30 June 2024

5,325

5,325

Depreciation

At 1 July 2023

5,286

5,286

Charge for the year

9

9

At 30 June 2024

5,295

5,295

Carrying amount

At 30 June 2024

30

30

At 30 June 2023

40

40

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

2,100

 

-

2,100

6

Creditors

2024
£

2023
£

Due within one year

Accruals

420

384

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,877

13,019

3,297

13,403

 

Bradenford Software Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary of £1 each

170

170

170

170

B Ordinary of £1 each

3,600

3,600

3,600

3,600

C Ordinary of £1 each

1

1

1

1

3,771

3,771

3,771

3,771