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REGISTERED NUMBER: 03604682 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

W DRAKE (BRADFORD) LIMITED

W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W DRAKE (BRADFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: James Edward McEvoy
Alice McEvoy
David Jonathan Peel





REGISTERED OFFICE: 1 Bolling Road
Bradford
West Yorkshire
BD4 7BG





REGISTERED NUMBER: 03604682 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 38,361 49,328
38,362 49,329

CURRENT ASSETS
Stocks 7,055 7,375
Debtors 6 59,359 56,512
Cash at bank and in hand 148,198 160,876
214,612 224,763
CREDITORS
Amounts falling due within one year 7 112,158 120,956
NET CURRENT ASSETS 102,454 103,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,816

153,136

CREDITORS
Amounts falling due after more than
one year

8

-

(1,125

)

PROVISIONS FOR LIABILITIES (9,590 ) (12,332 )
NET ASSETS 131,226 139,679

CAPITAL AND RESERVES
Called up share capital 9,003 9,003
Profit and loss account 122,223 130,676
131,226 139,679

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

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

W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





James Edward McEvoy - Director


W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

W Drake (Bradford) 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 1999, is being amortised evenly over its estimated useful life of twenty 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 - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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 Profit and Loss Account, 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.


W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 40,001
AMORTISATION
At 1 November 2023
and 31 October 2024 40,000
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 143,794 39,113 29,605 212,512
Additions - 4,020 - 4,020
At 31 October 2024 143,794 43,133 29,605 216,532
DEPRECIATION
At 1 November 2023 111,779 33,550 17,855 163,184
Charge for year 6,651 2,461 5,875 14,987
At 31 October 2024 118,430 36,011 23,730 178,171
NET BOOK VALUE
At 31 October 2024 25,364 7,122 5,875 38,361
At 31 October 2023 32,015 5,563 11,750 49,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,170 51,320
Other debtors 8,189 5,192
59,359 56,512

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,932 30,088
Amounts owed to associates 8,000 12,000
Taxation and social security 68,378 73,684
Other creditors 6,848 5,184
112,158 120,956

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 1,125

9. PENSION COMMITMENTS

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £17,337 (2023: £14,385).Contributions totalling £1,828 (2023: £Nil) were payable to the plan at the year end and are included in creditors.

W DRAKE (BRADFORD) LIMITED (REGISTERED NUMBER: 03604682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, there were non-cancellable operating leases totalling £13,750 (2023 £41,250).