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REGISTERED NUMBER: 04768247 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

P.O. Brady Limited

P.O. Brady Limited (Registered number: 04768247)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P.O. Brady Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr P O Brady





SECRETARY: Mrs S Brady





REGISTERED OFFICE: West Mill
West Street
Bere Regis
Wareham
Dorset
BH20 7HS





REGISTERED NUMBER: 04768247 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

P.O. Brady Limited (Registered number: 04768247)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,526 3,368
2,526 3,368

CURRENT ASSETS
Stocks 381,943 361,943
Debtors 44,793 17,265
Cash at bank and in hand 400,472 412,365
827,208 791,573
CREDITORS
Amounts falling due within one year 81,833 66,547
NET CURRENT ASSETS 745,375 725,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,901

728,394

PROVISIONS FOR LIABILITIES (632 ) -

ACCRUALS AND DEFERRED INCOME (740 ) -
NET ASSETS 746,529 728,394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 746,429 728,294
SHAREHOLDERS' FUNDS 746,529 728,394

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 director acknowledges his 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.

P.O. Brady Limited (Registered number: 04768247)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





Mr P O Brady - Director


P.O. Brady Limited (Registered number: 04768247)

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

1. STATUTORY INFORMATION

P.O. Brady 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the business in 2003, was amortised evenly over its estimated useful life of twenty years. This has now been fully amortised.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year/period 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.

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.

P.O. Brady Limited (Registered number: 04768247)

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 230,000
AMORTISATION
At 1 June 2023
and 31 May 2024 230,000
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

P.O. Brady Limited (Registered number: 04768247)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 77,843
DEPRECIATION
At 1 June 2023 74,475
Charge for year 842
At 31 May 2024 75,317
NET BOOK VALUE
At 31 May 2024 2,526
At 31 May 2023 3,368

6. PENSION COMMITMENTS

The company operates a money purchase pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £447 (2023 - £447) were due to the fund. These are included within creditors.

7. OTHER FINANCIAL COMMITMENTS

At the year end the company owed wages to employees of £1,810 (2023 - £NIL).

There were no additional financial commitments at the year end.