REGISTERED NUMBER: 00448163 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J. BRADNAM AND SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Mayes

D Mayes

SECRETARY:

Mrs G M Mayes

REGISTERED OFFICE:

Melbourne Bridge

Witherfield

Haverhill

Suffolk

CB9 7RR

REGISTERED NUMBER:

00448163 (England and Wales)

ACCOUNTANT:

JDS Accounting

& Tax Services Ltd

8 Long Pastures

Glemsford

Sudbury

Suffolk

CO10 7SS

FIXED ASSETS

Tangible assets

4

462,091

509,768

CURRENT ASSETS

Stocks

50,000

55,000

Debtors

5

109,075

59,809

159,075

114,809

CREDITORS

Amounts falling due within one year

6

413,770

344,310

NET CURRENT LIABILITIES

(254,695

)

(229,501

)

TOTAL ASSETS LESS CURRENT LIABILITIES

207,396

280,267

CREDITORS

Amounts falling due after more than one year

7

(75,958

)

(101,386

)

PROVISIONS FOR LIABILITIES

(8,255

)

(10,051

)

NET ASSETS

123,183

168,830

CAPITAL AND RESERVES

Called up share capital

10

30,000

30,000

Retained earnings

93,183

138,830

SHAREHOLDERS' FUNDS

123,183

168,830

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 10 September 2025 and were signed on its behalf by:

S J Mayes - Director

1.	STATUTORY INFORMATION

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

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the estimated time spent and value of work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

457,783

368,259

826,042

Additions

-

7,000

7,000

Disposals

-

(71,180

)

(71,180

)

At 31 December 2024

457,783

304,079

761,862

DEPRECIATION

At 1 January 2024

40,908

275,366

316,274

Charge for year

8,776

24,311

33,087

Eliminated on disposal

-

(49,590

)

(49,590

)

At 31 December 2024

49,684

250,087

299,771

NET BOOK VALUE

At 31 December 2024

408,099

53,992

462,091

At 31 December 2023

416,875

92,893

509,768

Included in cost of land and buildings is freehold land of £ 18,918 (2023 - £ 18,918 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

103,999

Additions

7,000

Disposals

(48,149

)

Transfer to ownership

(37,500

)

At 31 December 2024

25,350

DEPRECIATION

At 1 January 2024

62,130

Charge for year

9,701

Eliminated on disposal

(28,260

)

Transfer to ownership

(28,601

)

At 31 December 2024

14,970

NET BOOK VALUE

At 31 December 2024

10,380

At 31 December 2023

41,869

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

89,295

58,260

Other debtors

19,780

1,549

109,075

59,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

60,964

65,015

Hire purchase contracts (see note 8)

3,314

34,524

Trade creditors

83,961

84,594

Taxation and social security

99,209

33,543

Other creditors

166,322

126,634

413,770

344,310

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

71,747

99,682

Hire purchase contracts (see note 8)

4,211

1,704

75,958

101,386

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

6,448

8.	LEASING AGREEMENTS

Non cancellable operating leases

31.12.24

31.12.23

Payable

£

£

Within one year

5,855

10,766

Between one and 2 years

0

5,855

Between two and five years

0

0

16,621

16,621

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

35,046

32,842

Bank loans

97,665

131,855

Hire purchase contracts

7,525

36,228

140,236

200,925

Bank loans and overdraft are secured by a charge over the company's freehold land and buildings and a debenture over the companies assets.

Hire purchase and finance leases are secured on the assets which they are financing.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

30,000

Ordinary

£1

30,000

30,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

D Mayes

Balance outstanding at start of year

-

-

Amounts advanced

9,065

15,855

Amounts repaid

(1,111

)

(15,855

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,954

-

R C Mayes

Balance outstanding at start of year

-

-

Amounts advanced

11,879

1,042

Amounts repaid

(11,879

)

(1,042

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

S J Mayes

Balance outstanding at start of year

-

-

Amounts advanced

9,106

46,084

Amounts repaid

(1,928

)

(46,084

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,178

-

The above unsecured loan was provided an interest free basis, for which no repayment terms have been agreed.