Bradshaws of Leicester Limited 31/03/2025 iXBRL

Company registration number: 10144531

Bradshaws of Leicester Limited

Unaudited filleted financial statements

31 March 2025

Bradshaws of Leicester Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Bradshaws of Leicester Limited

Directors and other information


	Directors	Mr Mark Herrington
		Mr Michael Andrews
		Mr Davinder Bedi


	Company number	10144531


	Registered office	Unit 4 Tallow Way
		Manchester
		M44 6RJ


	Business address	Unit2/C,6 Vitruvius Way
		Meridian Business Park
		Leicester
		LE19 1WA


	Accountant	Bedi & Co
		Chartered Accountants
		14 Dunlin Rise
		Tytherington
		Macclesfield
		SK10 2SP




	Bankers	Virgin Money Bank
		48-50 Market Street
		Manchester M1 1PW

Bradshaws of Leicester Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	282,341		208,531
Investments	8	2,576		2,576
		_______		_______
			284,917		211,107

Current assets
Stocks		6,852		2,410
Debtors	9	84,487		55,466
Cash at bank and in hand		249,039		190,181
		_______		_______
		340,378		248,057
Creditors: amounts falling due
within one year	10	( 288,343)		( 257,074)
		_______		_______
Net current assets/(liabilities)			52,035		( 9,017)
			_______		_______
Total assets less current liabilities			336,952		202,090

Creditors: amounts falling due
after more than one year	11		( 85,192)		( 24,108)

Provisions for liabilities			( 70,586)		( 49,662)

			_______		_______
Net assets			181,174		128,320
			_______		_______

Capital and reserves
Called up share capital	12		1,000		1,000
Profit and loss account			180,174		127,320
			_______		_______
Shareholders funds			181,174		128,320
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr Mark Herrington

Director

Company registration number: 10144531

Bradshaws of Leicester Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1,000	193,886	194,886

Profit/(loss) for the year		( 16,566)	( 16,566)
	_______	_______	_______
Total comprehensive income for the year	-	( 16,566)	( 16,566)

Dividends paid and payable		( 50,000)	( 50,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 50,000)	( 50,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,000	127,320	128,320

Profit/(loss) for the year		52,854	52,854
	_______	_______	_______
Total comprehensive income for the year	-	52,854	52,854

	_______	_______	_______
At 31 March 2025	1,000	180,174	181,174
	_______	_______	_______

Bradshaws of Leicester Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 4 Tallow Way, Manchester, M44 6RJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	15%-33% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 19 ).

5. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	63,779	63,363
	_______	_______

6. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	29,011	29,011
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	29,011	29,011
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

7. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	202,721	4,736	194,767	402,224
Additions	556	-	134,715	135,271
Disposals	-	-	( 20,200)	( 20,200)
	_______	_______	_______	_______
At 31 March 2025	203,277	4,736	309,282	517,295
	_______	_______	_______	_______
Depreciation
At 1 April 2024	128,830	3,697	61,166	193,693
Charge for the year	25,527	348	35,584	61,459
Disposals	-	-	( 20,198)	( 20,198)
	_______	_______	_______	_______
At 31 March 2025	154,357	4,045	76,552	234,954
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	48,920	691	232,730	282,341
	_______	_______	_______	_______
At 31 March 2024	73,891	1,039	133,601	208,531
	_______	_______	_______	_______

8. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	2,576	2,576
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	2,576	2,576
	_______	_______
At 31 March 2024	2,576	2,576
	_______	_______

In the opinion of the Directors the value of the investment is at least cost.

9. Debtors

	2025	2024
	£	£
Trade debtors	59,778	43,907
Other debtors	24,709	11,559
	_______	_______
	84,487	55,466
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	16,293	32,159
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7,700	18,197
Corporation tax	84	-
Social security and other taxes	38,709	36,519
Other creditors	225,557	170,199
	_______	_______
	288,343	257,074
	_______	_______

Other creditors includes lease purchase liabilities of £37,972 (2024 £10,958)

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	85,192	24,108
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______

13. Capital commitments

Capital expenditure contracted for but not provided for in the financial statements is as follows:

	2025	2024
	£	£
Tangible assets	40,000	-
	_______	_______

14. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	89,514	91,699
Later than 1 year and not later than 5 years	138,099	227,613
	_______	_______
	227,613	319,312
	_______	_______

15. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Herrington	( 2,281)	( 898)	-	( 3,179)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Herrington	( 3,126)	-	845	( 2,281)
		_______	_______	_______	_______

16. Related party transactions

Various expenses incurred by John Bradshaw & Son Limited on behalf of the Company have been recharged. As at 31 March 2025 the company owed John Bradshaw & Son Limited £7,700(2024 £18,197) A management charge of £39,418(2024 £53,785 ) was paid to John Bradshaw & Son Limited.