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Registration number: 07261276

Bradshaw Butchers Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

Bradshaw Butchers Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Bradshaw Butchers Limited

Company Information

Directors

Mrs Brooke Bradshaw

Mr Paul Bradshaw

Registered office

43 Lutterworth Drive
Adwick Le Street
Doncaster
DN6 7DA

Accountants

SDN Accountancy Limited 52 Park Road
Askern
Doncaster
DN6 0BA

 

Bradshaw Butchers Limited

(Registration number: 07261276)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

2,869

2,695

Current assets

 

Stocks

6

2,516

3,251

Debtors

7

11,383

7,801

Cash at bank and in hand

 

52,826

53,432

 

66,725

64,484

Creditors: Amounts falling due within one year

8

(29,357)

(17,516)

Net current assets

 

37,368

46,968

Total assets less current liabilities

 

40,237

49,663

Creditors: Amounts falling due after more than one year

8

-

(10,309)

Net assets

 

40,237

39,354

Capital and reserves

 

Called up share capital

9

102

102

Retained earnings

40,135

39,252

Shareholders' funds

 

40,237

39,354

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 June 2025 and signed on its behalf by:
 

 

Bradshaw Butchers Limited

(Registration number: 07261276)
Balance Sheet as at 31 May 2025

.........................................
Mr Paul Bradshaw
Director

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
43 Lutterworth Drive
Adwick Le Street
Doncaster
DN6 7DA
England

The principal place of business is:
1 The Parade
Church Street
Armthorpe
Doncaster
DN3 3AD
England

These financial statements were authorised for issue by the Board on 7 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% on cost

Office equipment

33.3% on cost

Furniture & fittings

20% on cost

Motor vehicles

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Asset class

Amortisation method and rate

Goodwill

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2024

10,000

10,000

At 31 May 2025

10,000

10,000

Amortisation

At 1 June 2024

10,000

10,000

At 31 May 2025

10,000

10,000

Carrying amount

At 31 May 2025

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2024

34,704

24,991

6,651

4,850

71,196

Additions

-

1,648

-

-

1,648

At 31 May 2025

34,704

26,639

6,651

4,850

72,844

Depreciation

At 1 June 2024

34,704

23,244

5,703

4,850

68,501

Charge for the year

-

1,007

467

-

1,474

At 31 May 2025

34,704

24,251

6,170

4,850

69,975

Carrying amount

At 31 May 2025

-

2,388

481

-

2,869

At 31 May 2024

-

1,747

948

-

2,695

6

Stocks

2025
£

2024
£

Other inventories

2,516

3,251

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Debtors

Current

2025
£

2024
£

Trade debtors

9,120

5,782

Prepayments

1,369

1,387

Other debtors

894

632

 

11,383

7,801

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

10,429

10,309

Trade creditors

 

16,408

1,429

Taxation and social security

 

1,428

695

Accruals and deferred income

 

719

723

Other creditors

 

373

4,360

 

29,357

17,516

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

-

10,309

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

102

102

102

102

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

10,309

 

Bradshaw Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,429

10,309