Company Registration No. 00834289 (England and Wales)
F.R. Bradley (Feltham) Limited
Unaudited accounts
for the year ended 31 December 2024
F.R. Bradley (Feltham) Limited
Unaudited accounts
Contents
F.R. Bradley (Feltham) Limited
Company Information
for the year ended 31 December 2024
Company Number
00834289 (England and Wales)
Registered Office
Bradley's Fish Factory
Central Way
North Feltham Trading Estate, Feltham
Middlesex
TW14 0XQ
UK
F.R. Bradley (Feltham) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
831,587
817,819
Inventories
140,842
141,142
Creditors: amounts falling due within one year
(548,397)
(405,458)
Net current assets
173,623
234,551
Total assets less current liabilities
1,005,210
1,052,370
Creditors: amounts falling due after more than one year
(5,000)
(15,000)
Net assets
1,000,210
1,037,370
Called up share capital
21,000
21,000
Profit and loss account
979,210
1,016,370
Shareholders' funds
1,000,210
1,037,370
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2025 and were signed on its behalf by
F J Bradley
Director
Company Registration No. 00834289
F.R. Bradley (Feltham) Limited
Notes to the Accounts
for the year ended 31 December 2024
F.R. Bradley (Feltham) Limited is a private company, limited by shares, registered in England and Wales, registration number 00834289. The registered office is Bradley's Fish Factory, Central Way, North Feltham Trading Estate, Feltham, Middlesex, TW14 0XQ, UK.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
F.R. Bradley (Feltham) Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements:
Determine whether there are indicators of impairment of the company's tangible fixed assets inventories. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
1,270,364
367,829
71,557
1,709,750
Additions
-
-
52,145
52,145
At 31 December 2024
1,270,364
367,829
123,702
1,761,895
At 1 January 2024
468,078
364,899
58,954
891,931
Charge for the year
24,102
2,198
12,077
38,377
At 31 December 2024
492,180
367,097
71,031
930,308
At 31 December 2024
778,184
732
52,671
831,587
At 31 December 2023
802,286
2,930
12,603
817,819
F.R. Bradley (Feltham) Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
132,283
165,926
Accrued income and prepayments
23,496
13,238
Other debtors
397,774
287,168
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
106,372
61,391
Trade creditors
252,940
109,403
Taxes and social security
8,381
61,764
Other creditors
172,250
151,005
The bank loan is secured by a fixed and floating charge over the company's assets.
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Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan accounts
281,714
397,151
286,542
392,323
281,714
397,151
286,542
392,323
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Transactions with related parties
In July 2004 the company acquired a beneficial interest of 46.52% in a freehold factory in Central Way Feltham. The remaining 53.48% is beneficially owned by the companies pension scheme. F R Bradley Limited paid rent of £133,750 (2022: £133,750) to the pension scheme during the period in connection with a lease to occupy the premises.
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Average number of employees
During the year the average number of employees was 13 (2023: 13).