IRIS Accounts Production v24.3.2.46 02816198 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028161982023-06-30028161982024-06-30028161982023-07-012024-06-30028161982022-06-30028161982022-07-012023-06-30028161982023-06-3002816198ns15:EnglandWales2023-07-012024-06-3002816198ns14:PoundSterling2023-07-012024-06-3002816198ns10:Director12023-07-012024-06-3002816198ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002816198ns10:SmallEntities2023-07-012024-06-3002816198ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002816198ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002816198ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002816198ns10:FullAccounts2023-07-012024-06-3002816198ns10:OrdinaryShareClass12023-07-012024-06-3002816198ns10:OrdinaryShareClass22023-07-012024-06-3002816198ns5:CurrentFinancialInstruments2024-06-3002816198ns5:CurrentFinancialInstruments2023-06-3002816198ns5:Non-currentFinancialInstruments2024-06-3002816198ns5:Non-currentFinancialInstruments2023-06-3002816198ns5:ShareCapital2024-06-3002816198ns5:ShareCapital2023-06-3002816198ns5:CapitalRedemptionReserve2024-06-3002816198ns5:CapitalRedemptionReserve2023-06-3002816198ns5:RetainedEarningsAccumulatedLosses2024-06-3002816198ns5:RetainedEarningsAccumulatedLosses2023-06-3002816198ns10:RegisteredOffice2023-07-012024-06-3002816198ns5:PlantMachinery2023-07-012024-06-3002816198ns5:PlantMachinery2023-06-3002816198ns5:PlantMachinery2024-06-3002816198ns5:PlantMachinery2023-06-3002816198ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3002816198ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3002816198ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-3002816198ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3002816198ns5:CostValuation2023-06-3002816198ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002816198ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002816198ns10:OrdinaryShareClass12024-06-3002816198ns10:OrdinaryShareClass22024-06-30028161981ns10:Director12023-06-30028161981ns10:Director12022-06-30028161981ns10:Director12023-07-012024-06-30028161981ns10:Director12022-07-012023-06-30028161981ns10:Director12024-06-30028161981ns10:Director12023-06-30
REGISTERED NUMBER: 02816198 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BADDELEY BROTHERS LIMITED

BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,674 114,088
Investments 5 100 100
89,774 114,188

CURRENT ASSETS
Stocks 21,635 37,952
Debtors 6 137,492 177,940
Cash at bank 94,373 152,805
253,500 368,697
CREDITORS
Amounts falling due within one year 7 171,433 222,802
NET CURRENT ASSETS 82,067 145,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,841

260,083

CREDITORS
Amounts falling due after more than one year 8 (35,210 ) (72,839 )

PROVISIONS FOR LIABILITIES (21,195 ) (26,598 )
NET ASSETS 115,436 160,646

CAPITAL AND RESERVES
Called up share capital 10 18,000 18,000
Capital redemption reserve 2,487 2,487
Retained earnings 94,949 140,159
SHAREHOLDERS' FUNDS 115,436 160,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr R J Pertwee - Director


BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Baddeley Brothers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02816198

Registered office: Tupos House
208a Maybank Road
London
E18 1ET

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 12.5% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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.

BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES

The average number of employees during the year was 14 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,116,577
Additions 20,273
At 30 June 2024 1,136,850
DEPRECIATION
At 1 July 2023 1,002,489
Charge for year 44,687
At 30 June 2024 1,047,176
NET BOOK VALUE
At 30 June 2024 89,674
At 30 June 2023 114,088

BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 149,655
Additions 19,398
Transfer to ownership (113,660 )
At 30 June 2024 55,393
DEPRECIATION
At 1 July 2023 69,374
Charge for year 19,717
Transfer to ownership (74,208 )
At 30 June 2024 14,883
NET BOOK VALUE
At 30 June 2024 40,510
At 30 June 2023 80,281

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,082 109,350
Amounts owed by group undertakings 35,945 67,334
Other debtors 6,465 1,256
137,492 177,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,795 39,437
Hire purchase contracts 13,780 24,426
Trade creditors 65,513 72,289
Amounts owed to group undertakings 100 100
Taxation and social security 45,353 73,183
Other creditors 4,892 13,367
171,433 222,802

BADDELEY BROTHERS LIMITED (REGISTERED NUMBER: 02816198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,354 63,153
Hire purchase contracts 13,856 9,686
35,210 72,839

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 27,636 34,112

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
16,000 Ordinary A £1 16,000 16,000
2,000 Ordinary B £1 2,000 2,000
18,000 18,000

11. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £697,083 (2023 - £92,083).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr R J Pertwee
Balance outstanding at start of year 566 566
Amounts advanced - 1,200
Amounts repaid - (1,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 566 566

13. RELATED PARTY DISCLOSURES

Included within creditors is a balance of £100 (2023 - £100) owed to Great Eastern Press Limited, a wholly owned subsidiary of the company.

Included within other debtors is a balance of £30,218 (2023 - £30,320) owed by Moreleign Limited, the ultimate parent company, and £5,727 (2023 - £37,014) owed by Piccolo Press Limited, a fellow group company.

Included within other debtors are amounts owed by the directors of £566 (2023 - £566).

Included within other creditors are amounts owed to the directors of £111 (2023 - £111).