Registered number
12309398
J AND L BRADLEY LTD
Unaudited Filleted Accounts
30 November 2024
J AND L BRADLEY LTD
Registered number: 12309398
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 93,750 100,000
Tangible assets 4 67,108 49,300
160,858 149,300
Current assets
Stocks 25,000 25,700
Debtors 5 60,023 82,096
Cash at bank and in hand 40,068 48,240
125,091 156,036
Creditors: amounts falling due within one year 6 (82,553) (102,982)
Net current assets 42,538 53,054
Total assets less current liabilities 203,396 202,354
Provisions for liabilities (13,924) (12,101)
Net assets 189,472 190,253
Capital and reserves
Called up share capital 150,000 150,000
Profit and loss account 39,472 40,253
Shareholders' funds 189,472 190,253
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Bradley
Director
Approved by the board on 18 August 2025
J AND L BRADLEY LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 125,000
At 30 November 2024 125,000
Amortisation
At 1 December 2023 25,000
Provided during the year 6,250
At 30 November 2024 31,250
Net book value
At 30 November 2024 93,750
At 30 November 2023 100,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 15,355 6,358 60,159 81,872
Additions - - 38,325 38,325
At 30 November 2024 15,355 6,358 98,484 120,197
Depreciation
At 1 December 2023 4,707 3,116 24,749 32,572
Charge for the year 1,597 486 18,434 20,517
At 30 November 2024 6,304 3,602 43,183 53,089
Net book value
At 30 November 2024 9,051 2,756 55,301 67,108
At 30 November 2023 10,648 3,242 35,410 49,300
5 Debtors 2024 2023
£ £
Trade debtors 56,610 77,979
Prepayments 5,790 4,800
Bad Debt Reserve (2,377) (683)
60,023 82,096
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 43,916 43,711
Accruals 1,700 1,650
Director's Current Accounts 8,669 15,629
Taxation and social security costs 28,268 41,992
82,553 102,982
7 Other information
J AND L BRADLEY LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Cheapside
Knaresborough
HG5 8AX
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