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REGISTERED NUMBER: SC124810 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Bradstone Lighting Limited

Bradstone Lighting Limited (Registered number: SC124810)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bradstone Lighting Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr R Wilson





REGISTERED OFFICE: 127 Hawthorn Street
Glasgow
G22 6HY





REGISTERED NUMBER: SC124810 (Scotland)





ACCOUNTANTS: Greg Hannah Ltd
Chartered Accountants
26 Victoria Street
Rutherglen
Glasgow
G73 1DS

Bradstone Lighting Limited (Registered number: SC124810)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 224,671 196,673

CURRENT ASSETS
Stocks 31,255 27,151
Debtors 6 240,169 161,154
Cash at bank and in hand 119,108 258,791
390,532 447,096
CREDITORS
Amounts falling due within one year 7 159,211 153,721
NET CURRENT ASSETS 231,321 293,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,992

490,048

CREDITORS
Amounts falling due after more than one
year

8

(73,618

)

(80,275

)

PROVISIONS FOR LIABILITIES (31,461 ) (33,593 )
NET ASSETS 350,913 376,180

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 350,813 376,080
350,913 376,180

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bradstone Lighting Limited (Registered number: SC124810)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:





Mr R Wilson - Director


Bradstone Lighting Limited (Registered number: SC124810)

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

1. STATUTORY INFORMATION

Bradstone Lighting Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 4% on 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bradstone Lighting Limited (Registered number: SC124810)

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

3. ACCOUNTING POLICIES - continued

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.

Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 467,930
Additions 129,329
Disposals (79,295 )
At 31 October 2024 517,964
DEPRECIATION
At 1 November 2023 271,257
Charge for year 58,190
Eliminated on disposal (36,154 )
At 31 October 2024 293,293
NET BOOK VALUE
At 31 October 2024 224,671
At 31 October 2023 196,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,245 156,971
Other debtors 3,924 4,183
240,169 161,154

Bradstone Lighting Limited (Registered number: SC124810)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 38,030 32,718
Trade creditors 67,648 69,758
Taxation and social security 48,178 40,391
Other creditors 5,355 10,854
159,211 153,721

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 73,618 79,303
Other creditors - 972
73,618 80,275

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr R Wilson
Balance outstanding at start of year (86 ) 3,256
Amounts advanced 69 62,958
Amounts repaid - (66,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17 ) (86 )

10. RELATED PARTY DISCLOSURES

Following a reorganisation, Bradstone Lighting Limited was demerged to Bradstone Investments Limited and is now 100% owned by that company.

The company paid dividends of £59,120 (2023: £66,300) to Bradstone Investments Limited in the year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Wilson.