| REGISTERED NUMBER: |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| REGISTERED NUMBER: |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| 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 |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| BALANCE SHEET |
| 31 OCTOBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| Bradley And Jefferies Solicitors Limited is a |
| 2. | ACCOUNTING POLICIES |
| Compliance with accounting standards |
| The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated) |
| Turnover |
| Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| 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. |
| Debtors and creditors |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are |
| recorded at transaction price. Any losses arising from impairment are recognised in the profit and |
| loss account in other administrative expenses. |
| Employee benefits |
| When employees have rendered service to the company, short-term employee benefits to which the |
| employees are entitled are recognised at the undiscounted amount expected to be paid in exchange |
| for that service. |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Trade creditors include the sum of £1,195,696 (2023: £936,354) due to clients which is represented by an equivalent amount held in client bank accounts. |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 24,504 |
| Bank loans, overdrafts and other loans (including amounts falling due within one year) totalling £140,422 (2023: £348,102) are secured by a charge over business assets together with guarantees given by M Bradley. |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| A Ordinary | £1 | 45 | 45 |
| B Ordinary | £1 | 45 | 45 |
| C Ordinary | £1 | 10 | 10 |
| 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| Included in other creditors is the following amounts owed to the directors, the amounts are interest free and |
| repayable on demand. |
| M Bradley |
| Director |
| 2024 | 2023 |
| BRADLEY AND JEFFERIES SOLICITORS LIMITED (REGISTERED NUMBER: 05490227) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| £ | £ |
| Amount due from related party at the balance sheet date | 201,863 | 120,495 |
| Mrs A Jefferies |
| Director |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 49,902 | 48,414 |
| 11. | CONTROLLING PARTY |
| The company is controlled by M C Bradley and A J Jefferies. |