Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr N J Greening 21/03/2024 Mr A W Hawthorne 23/01/2015 Mr J W Ward 26/01/2017 17 February 2025 The principal activity of the company is the retail of household furniture. 06832967 2024-03-31 06832967 bus:Director1 2024-03-31 06832967 bus:Director2 2024-03-31 06832967 bus:Director3 2024-03-31 06832967 2023-03-31 06832967 core:CurrentFinancialInstruments 2024-03-31 06832967 core:CurrentFinancialInstruments 2023-03-31 06832967 core:ShareCapital 2024-03-31 06832967 core:ShareCapital 2023-03-31 06832967 core:CapitalRedemptionReserve 2024-03-31 06832967 core:CapitalRedemptionReserve 2023-03-31 06832967 core:RetainedEarningsAccumulatedLosses 2024-03-31 06832967 core:RetainedEarningsAccumulatedLosses 2023-03-31 06832967 core:LandBuildings 2023-03-31 06832967 core:FurnitureFittings 2023-03-31 06832967 core:OfficeEquipment 2023-03-31 06832967 core:LandBuildings 2024-03-31 06832967 core:FurnitureFittings 2024-03-31 06832967 core:OfficeEquipment 2024-03-31 06832967 core:CostValuation 2023-03-31 06832967 core:CostValuation 2024-03-31 06832967 core:ImmediateParent core:CurrentFinancialInstruments 2024-03-31 06832967 core:ImmediateParent core:CurrentFinancialInstruments 2023-03-31 06832967 bus:OrdinaryShareClass1 2024-03-31 06832967 2023-04-01 2024-03-31 06832967 bus:FilletedAccounts 2023-04-01 2024-03-31 06832967 bus:SmallEntities 2023-04-01 2024-03-31 06832967 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06832967 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06832967 bus:Director1 2023-04-01 2024-03-31 06832967 bus:Director2 2023-04-01 2024-03-31 06832967 bus:Director3 2023-04-01 2024-03-31 06832967 core:LandBuildings core:TopRangeValue 2023-04-01 2024-03-31 06832967 core:FurnitureFittings 2023-04-01 2024-03-31 06832967 core:OfficeEquipment 2023-04-01 2024-03-31 06832967 2022-04-01 2023-03-31 06832967 core:LandBuildings 2023-04-01 2024-03-31 06832967 core:Subsidiary1 2023-04-01 2024-03-31 06832967 core:Subsidiary1 1 2023-04-01 2024-03-31 06832967 core:Subsidiary1 1 2022-04-01 2023-03-31 06832967 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06832967 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 06832967 (England and Wales)

BRADBURY WARD LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BRADBURY WARD LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BRADBURY WARD LIMITED

BALANCE SHEET

As at 31 March 2024
BRADBURY WARD LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 14,100 17,625
Investments 4 2 2
14,102 17,627
Current assets
Stocks 672,986 471,243
Debtors 5 71,043 61,691
Cash at bank and in hand 481,318 822,310
1,225,347 1,355,244
Creditors: amounts falling due within one year 6 ( 953,464) ( 1,101,816)
Net current assets 271,883 253,428
Total assets less current liabilities 285,985 271,055
Provision for liabilities ( 3,525) ( 4,406)
Net assets 282,460 266,649
Capital and reserves
Called-up share capital 7 50 50
Capital redemption reserve 50 50
Profit and loss account 282,360 266,549
Total shareholder's funds 282,460 266,649

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bradbury Ward Limited (registered number: 06832967) were approved and authorised for issue by the Board of Directors on 17 February 2025. They were signed on its behalf by:

Mr J W Ward
Director
BRADBURY WARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BRADBURY WARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bradbury Ward Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Fixtures and fittings 20 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 9

3. Tangible assets

Land and buildings Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 82,539 68,045 3,424 154,008
At 31 March 2024 82,539 68,045 3,424 154,008
Accumulated depreciation
At 01 April 2023 82,539 52,702 1,142 136,383
Charge for the financial year 0 3,069 456 3,525
At 31 March 2024 82,539 55,771 1,598 139,908
Net book value
At 31 March 2024 0 12,274 1,826 14,100
At 31 March 2023 0 15,343 2,282 17,625

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 2
At 31 March 2024 2
Carrying value at 31 March 2024 2
Carrying value at 31 March 2023 2

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2024
Ownership
31.03.2023
Superoffer Limited 122 St Georges Road, Bristol, BS1 5UJ rental of commercial property ordinary 100.00% 100.00%

5. Debtors

2024 2023
£ £
Trade debtors 643 0
Amounts owed by Parent undertakings 10,548 10,546
Other debtors 59,852 51,145
71,043 61,691

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 294,105 171,372
Amounts owed to Group undertakings 511,082 730,641
Taxation and social security 62,447 87,139
Other creditors 85,830 112,664
953,464 1,101,816

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary shares of £ 1.00 each 50 50

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 369,313 485,938