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Registration number: 04687594

Bainbridge Brothers Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Bainbridge Brothers Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Bainbridge Brothers Ltd

Company Information

Directors | Mr Matthew Bainbridge Mr Michael Bainbridge

Registered office | 83 Greta Road Norton Stockton on Tees TS20 1BA

Accountants | Chuhan and Singh Partnership Limited Chartered Accountants81 Borough Road Middlesbrough TS1 3AA

Bainbridge Brothers Ltd

(Registration number: 04687594)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,155,576 | 1,683,396
Investments | 5 | 145,994 | 145,994
|  | 2,301,570 | 1,829,390
Current assets |  |  |
Stocks | 6 | 32,500 | 32,500
Debtors | 7 | 550,063 | 948,410
Cash at bank and in hand |  | 777,566 | 455,134
|  | 1,360,129 | 1,436,044
Creditors: Amounts falling due within one year | 8 | (280,373) | (373,129)
Net current assets |  | 1,079,756 | 1,062,915
Total assets less current liabilities |  | 3,381,326 | 2,892,305
Provisions for liabilities |  | (460,548) | (311,625)
Net assets |  | 2,920,778 | 2,580,680
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 2,919,778 | 2,579,680
Shareholders' funds |  | 2,920,778 | 2,580,680

Bainbridge Brothers Ltd

(Registration number: 04687594)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:

......................................... Mr Matthew Bainbridge Director | ......................................... Mr Michael Bainbridge Director

Bainbridge Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
83 Greta Road
Norton
Stockton on Tees
TS20 1BA

These financial statements were authorised for issue by the Board on 1 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bainbridge Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 15% - 25% reducing balance or 10 - 20 years straight line as appropriate
Fixtures & Fittings | 25% reducing balance
Motor Vehicles | 25% reducing balance
Land & buildings | 2% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Bainbridge Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Bainbridge Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 18).

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 458,606 | 31,527 | 2,603,752 | 665,449 | 3,759,334
Additions | - | - | 423,887 | 321,748 | 745,635
Disposals | - | (24,715) | (370,123) | (341,404) | (736,242)
At 31 March 2025 | 458,606 | 6,812 | 2,657,516 | 645,793 | 3,768,727
Depreciation
At 1 April 2024 | 9,172 | 24,167 | 1,536,253 | 506,345 | 2,075,937
Charge for the year | 9,172 | 973 | 192,447 | 45,123 | 247,715
Eliminated on disposal | - | - | (374,319) | (336,182) | (710,501)
At 31 March 2025 | 18,344 | 25,140 | 1,354,381 | 215,286 | 1,613,151
Carrying amount
At 31 March 2025 | 440,262 | (18,328) | 1,303,135 | 430,507 | 2,155,576
At 31 March 2024 | 449,434 | 7,359 | 1,067,499 | 159,104 | 1,683,396

Included within the net book value of land and buildings above is £440,262 (2024 - £449,434) in respect of freehold land.

Bainbridge Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 145,994 | 145,994

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Cleveland Auto Services & Hire Company Ltd | England | Ordinary shares | 100% | 100%

Subsidiary undertakings
Cleveland Auto Services & Hire Company Ltd The principal activity of Cleveland Auto Services & Hire Company Ltd is vehicle servicing, repair & hire.

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 32,500 | 32,500

Bainbridge Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 494,918 | 895,388
Amounts owed by related parties |  | 50,000 | 50,000
Prepayments |  | 3,145 | 3,022
Other debtors |  | 2,000 | -
|  | 550,063 | 948,410

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 6,816
Trade creditors |  | 35,680 | 41,829
Taxation and social security |  | 230,758 | 312,939
Accruals and deferred income |  | 3,375 | 3,150
Other creditors |  | 10,560 | 8,395
|  | 280,373 | 373,129

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | - | 6,816