J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
J. Bradburn & Company, Limited is a private company limited by shares incorporated in England and Wales, registration number 00200080. The registered office is Helister House, Riding Mill, Northumberland, NE44 6JB.
2.Accounting policies
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
These financial statements have been prepared on the basis that the company continues to be a going concern. At the accounting reference date the Company had substantial net assets and cash resources.
The directors have not produced formal cash flow forecasts though informally they are of the opinion that the company will continue to enjoy cash surpluses for the foreseeable future. The company continues to trade profitably and to generate sufficient funds to meet its financing commitments as they fall due. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
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J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The 2024 valuations were made by Avison Young, RICS Registered Valuers on 1 September 2024 in accordance with the RICS Valuation - Global Standards effective from 31 January 2022 and RICS UK National Supplement, on an open market value for existing use basis.
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J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The bank loans are secured by charges over certain freehold properties.
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J. BRADBURN & COMPANY, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £225 (2023 - £25,202).
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