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REGISTERED NUMBER: 09498151 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Bredon Stores Limited

Bredon Stores Limited (Registered number: 09498151)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bredon Stores Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P S Kandola
S S Kandola





SECRETARY:





REGISTERED OFFICE: 75 Carters Lane
Halesowen
West Midlands
B62 0BX





REGISTERED NUMBER: 09498151 (England and Wales)





ACCOUNTANTS: M.F Khan & Co
375 Coventry Road
Smal Heath
Birmingham
West Midlands
B10 0SW

Bredon Stores Limited (Registered number: 09498151)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 10,906
Tangible assets 5 82,083 86,758
82,083 97,664

CURRENT ASSETS
Stocks 57,532 47,532
Debtors 6 81,961 591,372
Cash at bank and in hand 598,849 896,427
738,342 1,535,331
CREDITORS
Amounts falling due within one year 7 208,299 893,578
NET CURRENT ASSETS 530,043 641,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,126

739,417

CREDITORS
Amounts falling due after more than one
year

8

(6,000

)

(218,000

)

PROVISIONS FOR LIABILITIES (18,920 ) (16,484 )
NET ASSETS 587,206 504,933

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 587,202 504,929
SHAREHOLDERS' FUNDS 587,206 504,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Bredon Stores Limited (Registered number: 09498151)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





P S Kandola - Director


Bredon Stores Limited (Registered number: 09498151)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Bredon Stores Limited 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.

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 2015, 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 etc - 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Bredon Stores Limited (Registered number: 09498151)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 109,060
AMORTISATION
At 1 June 2023 98,154
Charge for year 10,906
At 31 May 2024 109,060
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 10,906

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 225,276
Additions 24,888
At 31 May 2024 250,164
DEPRECIATION
At 1 June 2023 138,518
Charge for year 27,361
Eliminated on disposal 2,202
At 31 May 2024 168,081
NET BOOK VALUE
At 31 May 2024 82,083
At 31 May 2023 86,758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 81,961 591,372

Bredon Stores Limited (Registered number: 09498151)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 53,118
Trade creditors 8,408 1
Taxation and social security 29,944 3,531
Other creditors 169,947 836,928
208,299 893,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 200,000
Other creditors 6,000 18,000
6,000 218,000

9. RELATED PARTY DISCLOSURES

The business operates from premises owned by the directors Mr P S Kandola & Mr S S Kandola and other shareholders. Rent amounting to £22,500 (2023 - £22,500) was paid to them by the company during the year.