REGISTERED NUMBER: 02458496 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Brakes International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Bowen

Miss S Johnson

REGISTERED OFFICE:

Moore Street

Rochdale

Lancashire

OL16 1QN

REGISTERED NUMBER:

02458496 (England and Wales)

ACCOUNTANTS:

PKW LLP Chartered Accountants

Cloth Hall

150 Drake Street

Rochdale

Lancashire

OL16 1PX

FIXED ASSETS

Tangible assets

4

554,482

547,479

Investments

5

10

10

554,492

547,489

CURRENT ASSETS

Stocks

386,748

431,151

Debtors

6

257,851

283,387

Cash at bank

1,167,358

1,107,478

1,811,957

1,822,016

CREDITORS

Amounts falling due within one year

7

497,993

561,729

NET CURRENT ASSETS

1,313,964

1,260,287

TOTAL ASSETS LESS CURRENT LIABILITIES

1,868,456

1,807,776

PROVISIONS FOR LIABILITIES

8,996

15,615

NET ASSETS

1,859,460

1,792,161

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

1,859,430

1,792,131

SHAREHOLDERS' FUNDS

1,859,460

1,792,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 19 August 2025 and were signed on its behalf by:

R Bowen - Director

1.	STATUTORY INFORMATION

Brakes International Limited 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

Turnover represents the value of goods supplied to customers during the year less returns and net of

Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

2% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

30% on reducing balance

Stocks

Stocks 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 23 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 February 2024

456,287

8,172

127,035

Additions

-

-

-

Disposals

-

-

-

At 31 January 2025

456,287

8,172

127,035

DEPRECIATION

At 1 February 2024

-

3,844

110,751

Charge for year

-

87

2,443

Eliminated on disposal

-

-

-

At 31 January 2025

-

3,931

113,194

NET BOOK VALUE

At 31 January 2025

456,287

4,241

13,841

At 31 January 2024

456,287

4,328

16,284

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

231,020

23,859

846,373

Additions

33,803

5,441

39,244

Disposals

(17,990

)

-

(17,990

)

At 31 January 2025

246,833

29,300

867,627

DEPRECIATION

At 1 February 2024

164,085

20,214

298,894

Charge for year

24,584

2,726

29,840

Eliminated on disposal

(15,589

)

-

(15,589

)

At 31 January 2025

173,080

22,940

313,145

NET BOOK VALUE

At 31 January 2025

73,753

6,360

554,482

At 31 January 2024

66,935

3,645

547,479

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

10

NET BOOK VALUE

At 31 January 2025

10

At 31 January 2024

10

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

210,759

254,012

Other debtors

12,387

12,387

Prepayments

34,705

16,988

257,851

283,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

302,456

353,217

Tax

63,246

68,725

Social security and other taxes

52,827

75,558

Other creditors

6,170

6,170

Accruals and deferred income

69,291

54,056

Accrued expenses

4,003

4,003

497,993

561,729