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REGISTERED NUMBER: 03769250 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Joule Brady Limited

Joule Brady Limited (Registered number: 03769250)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joule Brady Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A Brady
K Hallam
K J Ball





REGISTERED OFFICE: 36A Market Street
New Mills
Derbyshire
SK22 4AA





REGISTERED NUMBER: 03769250 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Joule Brady Limited (Registered number: 03769250)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,976 296,904

CURRENT ASSETS
Debtors 5 917,504 903,698
Cash at bank and in hand 451,202 628,866
1,368,706 1,532,564
CREDITORS
Amounts falling due within one year 6 470,738 770,256
NET CURRENT ASSETS 897,968 762,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,190,944

1,059,212

PROVISIONS FOR LIABILITIES 3,499 4,245
NET ASSETS 1,187,445 1,054,967

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 1,187,335 1,054,857
SHAREHOLDERS' FUNDS 1,187,445 1,054,967

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

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

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 12 December 2024 and were signed on its behalf by:





A Brady - Director


Joule Brady Limited (Registered number: 03769250)

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

1. STATUTORY INFORMATION

Joule 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.

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.
Improvements to property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Depreciation is not provided on improvements to property as the length of the useful economic life, and the high residual value make the charge immaterial.

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.

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 11 (2023 - 16 ) .

Joule Brady Limited (Registered number: 03769250)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 274,560 48,103 7,338 21,308 351,309
DEPRECIATION
At 1 September 2023 - 30,704 5,143 18,558 54,405
Charge for year - 2,691 549 688 3,928
At 31 August 2024 - 33,395 5,692 19,246 58,333
NET BOOK VALUE
At 31 August 2024 274,560 14,708 1,646 2,062 292,976
At 31 August 2023 274,560 17,399 2,195 2,750 296,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 667,948 614,492
Other debtors 479 32,575
Joule Brady Properties 249,077 244,631
Prepayments and accrued income - 12,000
917,504 903,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 325,831 378,370
Tax 82,329 79,255
Social security and other taxes 20,183 13,550
VAT 35,692 49,590
Other creditors 3,323 2,852
Directors' current accounts 3,380 146,639
Accrued expenses - 100,000
470,738 770,256

7. RELATED PARTY DISCLOSURES

Included within debtors is a loan of £249,077 (2023: £244,631) to Joule Brady Properties Limited, a company under common control. The loan is interest free and repayable on demand. The balance is included in debtors.

Included within debtors is a loan of £Nil (2023: £32,215) to The Bridge Nursery Limited, a company under common control. The loan is interest free and repayable on demand. The balance is included in debtors.