BJA Trading Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—18

The directors present their strategic report for the year ended 31 December 2024.

Review of the Business

History and culture

Founded in 1982, we are the market leader in the supply of Gate and Fencing accessories, primarily into the UK and Ireland. We have delivered consistent sales and profit growth over the last 5 years, primarily through organic growth in our product ranges and extending our customer base.

We have grown steadily with projected turnover for the year ending December 2025 in excess of £35 million.

We have a strong 'family culture' across the organisation with a clear focus on delivering best in class service to our B2B stockists. We pride ourselves on our values led approach to doing business underpinned by our belief that our business exists to make life easier for both our stockists and the specialist fencing contractors.

We have a global supply chain with long standing relationships built on quality, consistency and sustainability. Whilst an international supply chain is important, we pride ourselves on 50% of our products being UK sourced. This not only supports the local economy but also ensures shorter lead-times to our customers, with a clear focus on sustainability and reducing our carbon impact.

The business continues to innovate with new products to existing ranges with a focus on sustainable products. We actively pursue intellectual property protection for our innovations, and have secured patents for several of our proprietary products. Our UK-manufactured products offer a sustainable alternative to timber and concrete posts and, provides the platform for significant growth in both the residential and commercial sectors.

Our medium-term strategy focuses on delivering quality and value to our existing customers, strengthening our relationships with our network of 700 Birkdale Approved Installers and expanding our presence in the commercial sectors. With the UK Government committed to prioritising Housing, Infrastructure and Sustainability, we believe that our new commercial offering deliver sustainable solutions in the areas of acoustic fencing, retainment and fire-retardant bin storage solutions.

In addition to the work that we have carried out with regard to new product development and market diversification, we were proud to be awarded The Royal Warrant once again – an endorsement of our enduring quality and service. This recognition coincides with significant progress on our environmental journey, with verified reporting of our scope 1 and scope 2 emissions underscoring our commitment to operational sustainability and transparency.

Together, these achievements reflect a business that is profitable and growing, but never at the expense of its principles. By embedding innovation, sustainability, responsibility, and customer focus into everything we continue to focus on building a bigger and stronger company.

Results and performance

The results of the Company for the year, as set out on pages 20 and 21, show a profit on ordinary activities after tax attributable of £1,744,057 (2023: £538,345) following strong revenue growth from £26,204,082 in 2023 to £30,423,884 in 2024.

The shareholders’ funds of the Company total £3,589,384 (2023: £1,939,084).

Key Performance Indicators

The company utilises a range of measures to assess its performance on the most appropriate time basis. These range from financial measures across the company to operational measures within individual departments.

2024 2023

Like for like sales £30,423,884 £26,204,082

Gross profit margin % 23.8% 22.9%

Gross Profit £7,230,645 £5,994,306

Profit before tax £1,910,529 £637,570

Operational metrics feature throughout the Company’s management reports and meetings and cover such matters as performance levels, health and safety, staff engagement and delivery performance.

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BJA Trading Limited

Strategic Report (continued)

For The Year Ended 31 December 2024

Principal Risks and Uncertainties

Principal risks and uncertainties

The process of risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to Board approval and ongoing review by management. Compliance with regulation, legal and ethical standards is a high priority for the Company and the Company finance department take on an important oversight role in this regard.

The Company risk register is regularly reviewed to ensure that appropriate and proportionate mitigation measures are in existence. We have a strong balance sheet, an experienced team and well-established systems and controls in place to help avoid, or minimise, risks to the company. The principal risks for our company include the following:

Cyber-security

As a largely cloud-based business, we recognise the evolving nature of cyber-security threats and continue to invest in robust digital safeguards. Our infrastructure is aligned with Microsoft’s trusted security principles, and we adopt a ‘least privilege’ approach to access – ensuring that individuals have only the permissions required to perform their roles. This disciplined stance, in addition to regular training and employee testing, helps us minimise risk whilst maintaining agility in our operations.

Product availability

Strong relationships are in place with all key suppliers and stock levels, order quantities and lead times are regularly reviewed to ensure that product availability remains at a consistently high level. Back-up suppliers have been identified for the products at most material risk to ensure that continuity of supply can be ensured should there be a disruption to the supply chain.

ESG (Environmental, Social, and Governance) Risk

As regulatory and stakeholder expectations around ESG continue to evolve, there is an increasing risk that failure to meet these standards could impact our reputation, market access, and long-term sustainability. We recognise the importance of ESG factors and have embedded a commitment to responsible business practices throughout our operations. Our mitigants include verified reporting of our scope 1 and scope 2 emissions, ongoing investment in sustainable product development, and active engagement with our supply chain to ensure ethical sourcing and environmental stewardship. The Board regularly reviews ESG risks and opportunities to ensure our strategy remains aligned with best practice and stakeholder expectations.

Credit risk

The Company’s credit risks are attributable to the trade debtors. Our policy remains to establish long term relationships with customers and maintaining an effective approach to monitoring customer debt through review of our debtors ledger on a day to day basis by the finance team. Regular credit reviews and cross-functional oversight ensure risks are identified early and managed effectively.

Health and Safety risk

Health and Safety remains a significant item for management attention as the safety of our employees, customers and suppliers is paramount to us. Local health and safety committees are in place across our primary operating sites to review performance and recommend improvement actions.

Liquidity risk

The strong balance sheet ensures that the Company has sufficient funds in place to manage its working capital and to settle financial obligations as they fall due.

Foreign Exchange risk

The board deems that the Company’s exposure to market risk is negligible.

Going concern

The Directors have assessed the Company’s financial position and performance, and have a reasonable expectation that the business has adequate resources to continue in operational existence for the foreseeable future. As such, we continue to adopt the going concern basis in preparing our financial statements, supported by strong underlying cash flows and a robust balance sheet, underpinned by prudent cost management and resilient customer demand across key sectors.

On behalf of the board

Mr John Abernethie

Director

25/09/2025

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BJA Trading Limited

Company No. 05547795

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Principal Activity

The company's principal activity continues to be manufacture and supply of agricultural machinery, equipment and supplies.

Directors

The directors who held office during the year were as follows:

Mr John Abernethie

Mrs Abigail Abernethie

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Riverside Accountancy Lancaster Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr John Abernethie

Director

25/09/2025

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Independent Auditor's Report

to the Members of

BJA Trading Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of BJA Trading Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

BJA Trading Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Review of directors minutes and review of nominal postings for legal and professional fees ensured we identified any regulatory compliance issues and laws that company must follow in the year and to the date of signing the financial statements.

- The assessment of fraud was consider as low due to the segregation of duties seen, the low levels of cash handled and the regular reporting required of the company to its parent. A review of journal entries and consideration of their appropriateness was carried out through the audit.

- During the audit we speak to management, test the systems and speak to various members of the finance function to understand the entity its processes and the nature of trade to assist in determining if the financial statements are true and fair.

- Challenging assumptions made by management in making their significant accounting estimates.

- Reviewing financial statement disclosure and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Ensure investments are materially stated, and no impairment is due.

The prior year figures have not been audited as there was no requirement to do so. Opening balance have been confirmed as part of this years audit

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

BJA Trading Limited

Penelope Bowden (Senior Statutory Auditor)

for and on behalf of Riverside Accountancy Lancaster Ltd , Statutory Auditor

25/09/2025

Riverside Accountancy Lancaster Ltd

Suite 2, 2 Mannin Way

Caton Road

Lancaster

Lancashire

LA1 3SU

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BJA Trading Limited

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER	3	30,423,884	26,204,082
Cost of sales		(23,193,239 )	(20,209,776 )

GROSS PROFIT		7,230,645	5,994,306

Administrative expenses		(5,211,808 )	(5,130,822 )

OPERATING PROFIT	4	2,018,837	863,484
Exceptional items		-	-
Other interest receivable and similar income	9	421	623
Interest payable and similar charges	10	(108,729 )	(226,537 )

PROFIT BEFORE TAXATION		1,910,529	637,570
Tax on Profit		(166,472 )	(99,225 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,744,057	538,345

The notes on pages 11 to 18 form part of these financial statements.

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BJA Trading Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,744,057	538,345
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,744,057	538,345

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BJA Trading Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 05547795

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	11		491,098		214,778
Tangible Assets	12		830,603		757,429
Investments	13		30,100		30,100

			1,351,801		1,002,307
CURRENT ASSETS
Stocks	14	5,253,780		1,305,394
Debtors	15	6,849,620		2,464,524
Cash at bank and in hand		936,218		243,462

		13,039,618		4,013,380
Creditors: Amounts Falling Due Within One Year	16	(10,622,344 )		(2,912,355 )

NET CURRENT ASSETS (LIABILITIES)			2,417,274		1,101,025

TOTAL ASSETS LESS CURRENT LIABILITIES			3,769,075		2,103,332

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(179,691 )		(164,248 )

NET ASSETS			3,589,384		1,939,084

CAPITAL AND RESERVES
Called up share capital	21		500,648		500,648
Share premium account			221,100		221,100
Profit and Loss Account			2,867,636		1,217,336

SHAREHOLDERS' FUNDS			3,589,384		1,939,084

On behalf of the board

Mr John Abernethie

Director

25/09/2025

The notes on pages 11 to 18 form part of these financial statements.

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BJA Trading Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2023	500,648	221,100	1,014,707	1,736,455
Profit for the year and total comprehensive income	-	-	538,345	538,345

Dividends paid	-	-	(335,716)	(335,716)

As at 31 December 2023 and 1 January 2024	500,648	221,100	1,217,336	1,939,084


Profit for the year and total comprehensive income	-	-	1,744,057	1,744,057

Dividends paid	-	-	(93,757)	(93,757)

As at 31 December 2024	500,648	221,100	2,867,636	3,589,384

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BJA Trading Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

BJA Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05547795 . The registered office is Granville House, The Heights Business Park, Ibstone Road, Stokenchurch, High Wycombe, Buckinghamshire, HP14 3BG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Going Concern Disclosure

Included in debtors is a loan from a connected party, if this was fully written off the company would still have a positive net asset position therefore the director feel this it is still appropriate to prepare the accounts on a going concern basis

2.3. Significant judgements and estimations

The following judgements and estimations have been made in the process of applying the company's accounting polices that have had the most significant effect on amounts recognised in the financial statements.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where it affects only that period or in both current and future periods.

Useful economic lives of tangible fixed assets

The annual deprecation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. These are assessed by the directors on an annual basis.

Stock provisions

The ongoing stock value is reviewed for impairment based on orders in place and also stock holding days. These are assessed by the directors on an annual basis.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are patents and software development. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	25%/10% straight line
Leashold Improvements	20% straight line

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

2.8. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.9. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.10. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.11. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised

2.12. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.13. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.14. Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Turnover

The turnover of the company is attributable to the principle activity of the company. During the year sales of £30,434,793 were carried out.

The turnover consisted of sales of goods amounting to £30,420,043 in which £29,105,559 were carried out in the UK and £1,314,484 were overseas.

The remaining turnover consists of charges for services provided in the UK of £14,750

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Bad debts	113,990	21,955
Research and Development Costs	107,741	77,554
Depreciation of tangible fixed assets	251,113	304,100
Amortisation of intangible fixed assets	197,704	157,749

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	9,460	-

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	3,478,899	3,814,991
Social security costs	346,972	390,134
Other pension costs	66,879	73,927

	3,892,750	4,279,052

7. Average Number of Employees

Average number of employees, including directors, during the year was: 82 (2023: 87)

8. Directors' remuneration

	2024	2023
	£	£
Emoluments	8,467	-
Amounts paid to third parties in respect of directors' services	25,283	-

	33,750	-

9. Interest Receivable and Similar Income

	2024	2023
	£	£
Other interest receivable	421	623

10. Interest Payable and Similar Charges

	2024	2023
	£	£
Bank loans and overdrafts	108,729	210,231
Interest payable on other loans	-	16,306

	108,729	226,537

11. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	699,481
Additions	474,024

As at 31 December 2024	1,173,505

Amortisation
As at 1 January 2024	484,703
Provided during the period	197,704

As at 31 December 2024	682,407

...CONTINUED

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	491,098

As at 1 January 2024	214,778

12. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Leashold Improvements	Total
	£	£	£	£	£
Cost
As at 1 January 2024	1,308,988	132,448	892,707	677,432	3,011,575
Additions	152,296	-	171,991	-	324,287
Disposals	(250,165 )	(84,847 )	-	-	(335,012 )

As at 31 December 2024	1,211,119	47,601	1,064,698	677,432	3,000,850

Depreciation
As at 1 January 2024	918,077	132,448	596,404	607,217	2,254,146
Provided during the period	126,589	-	79,919	44,605	251,113
Disposals	(250,165 )	(84,847 )	-	-	(335,012 )

As at 31 December 2024	794,501	47,601	676,323	651,822	2,170,247

Net Book Value
As at 31 December 2024	416,618	-	388,375	25,610	830,603

As at 1 January 2024	390,911	-	296,303	70,215	757,429

13. Investments

	Unlisted
	£
Cost
As at 1 January 2024	30,100

As at 31 December 2024	30,100

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	30,100

As at 1 January 2024	30,100

Subsidiaries

Details of the company's subsidiaries as at 31 December 2024 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Birkdale Sales (Ireland) Ltd	Suite 16 the Cubes, Beacon South Quarter, Sandyford, Dublin 18 D18 XD36	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	Capital and Reserves	Profit/(loss)
	£	£
Birkdale Sales (Ireland) Ltd	2,166,557	771,610

14. Stocks

	2024	2023
	£	£
Stock	5,253,780	1,305,394

15. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	4,349,877	2,252,622
Other debtors	2,499,743	211,902

	6,849,620	2,464,524

16. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	30,052
Trade creditors	627,824	300,290
Bank loans and overdrafts	124,489	125,082
Amounts owed to participating interests	1,302,278	100
Other creditors	6,982,045	1,661,635
Corporation tax	285,255	-
Taxation and social security	205,747	140,997
Accruals and deferred income	1,094,706	654,199

	10,622,344	2,912,355

17. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	95,492	125,082

18. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	30,052

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	179,691	164,248

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	164,248	164,248
Additions	15,443	15,443

Balance at 31 December 2024	179,691	179,691

21. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
500,445 Ordinary Shares of £ 1 each	500,445	500,445
100 Ordinary B shares of £ 1 each	100	100
100 Ordinary C shares of £ 1 each	100	100
1 Ordinary D shares of £ 1 each	1	1
1 Ordinary E shares of £ 1 each	1	1
1 Ordinary F shares of £ 1 each	1	1

	500,648	500,648

22. Other Commitments

The total of future minimum lease payments under operating leases are as following:

	2024	2023
	£	£
Not later than one year	168,859	118,013
Later than one year and not later than five years	89,670	157,648

	258,529	275,661

23. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	93,757	335,716

24. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Profit and loss account - This reserve records retained earnings and accumulated losses.

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BJA Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

25. Related Party Disclosures

On 1 January 2024 the group strategic stock reserve was transferred of the company as part of the demerger. This is shown as purchases in the year, and increases stock in this company accordingly year on year. The total sum transferred was £3,930,000, and had the strategic reserve been included in the comparative stock figure in 2023, the brought forward stock would have been £5,235,394, and stock would have increased by just 0.35%.

26. Controlling Parties

The company's ultimate controlling party is BJA Trading Holdings Ltd by virtue of their interest in the share capital of the company.

This company is part of the consolidated accounts of its parent and these can be found at its registered office.

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