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REGISTERED NUMBER: 05250789 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bradley Knipe Ltd.

Bradley Knipe Ltd. (Registered number: 05250789)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bradley Knipe Ltd.

Company Information
for the year ended 31 December 2024







DIRECTORS: C Bradley
Mrs D Bradley



REGISTERED OFFICE: 41 High Street
Doncaster
South Yorkshire
DN1 1DE



REGISTERED NUMBER: 05250789 (England and Wales)



ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ



BANKERS: NatWest
119 High Street
Scunthorpe
North Lincolnshire
DN15 6LT

Bradley Knipe Ltd. (Registered number: 05250789)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 4,601 5,413
4,601 5,413

CURRENT ASSETS
Inventories 135,763 129,292
Debtors 6 5,830 26,070
Cash at bank and in hand 17,135 22,797
158,728 178,159
CREDITORS
Amounts falling due within one year 7 98,751 101,336
NET CURRENT ASSETS 59,977 76,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,578

82,236

CREDITORS
Amounts falling due after more than
one year

8

(55,154

)

(70,179

)

PROVISIONS FOR LIABILITIES (1,150 ) (1,028 )
NET ASSETS 8,274 11,029

Bradley Knipe Ltd. (Registered number: 05250789)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,174 10,929
8,274 11,029

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

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

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.

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 Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





C Bradley - Director


Bradley Knipe Ltd. (Registered number: 05250789)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Bradley Knipe Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance and Straight line over 3 years

Stocks
Inventories 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.


Bradley Knipe Ltd. (Registered number: 05250789)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 75,000
AMORTISATION
At 1 January 2024
and 31 December 2024 75,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Bradley Knipe Ltd. (Registered number: 05250789)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 17,580
DEPRECIATION
At 1 January 2024 12,167
Charge for year 812
At 31 December 2024 12,979
NET BOOK VALUE
At 31 December 2024 4,601
At 31 December 2023 5,413

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 240
Other debtors 5,830 25,830
5,830 26,070

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,095 19,095
Trade creditors 5,096 4,560
Taxation and social security 9,030 6,791
Other creditors 65,530 70,890
98,751 101,336

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 55,154 70,179

Bradley Knipe Ltd. (Registered number: 05250789)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,050 13,973