REGISTERED NUMBER: 08478084 (England and Wales)

BRIGHTGREY RETAIL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mr K McGuigan

Mr M O Lee

Mr T J Billings

REGISTERED OFFICE:

4 Apollo Park

University Way

Crewe

CW1 6HX

REGISTERED NUMBER:

08478084 (England and Wales)

AUDITORS:

Johnson Tidsall Limited

Chartered Accountants

& Statutory Auditor

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Intangible assets

4

156,967

119,141

Tangible assets

5

431,565

350,939

588,532

470,080

CURRENT ASSETS

Stocks

1,213,784

343,898

Debtors

6

260,136

216,701

Cash at bank

402,555

184,509

1,876,475

745,108

CREDITORS

Amounts falling due within one year

7

1,461,290

689,643

NET CURRENT ASSETS

415,185

55,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,717

525,545

CREDITORS

Amounts falling due after more than one year

8

(93,340

)

(110,110

)

PROVISIONS FOR LIABILITIES

(136,336

)

(62,900

)

NET ASSETS

774,041

352,535

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

774,038

352,532

774,041

352,535

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr K McGuigan - Director

1.	STATUTORY INFORMATION

Brightgrey Retail 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

The directors do not consider there to be any significant judgements or estimates.

Turnover

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

Software & development

Software & development is being amortised on a 15% reducing balance basis.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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

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

Short term debtors are measured at transaction price, less any impairment.

Cash & cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Creditors

Short term creditors are measured at transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

230,645

Additions

65,527

At 31 December 2024

296,172

AMORTISATION

At 1 January 2024

111,504

Charge for year

27,701

At 31 December 2024

139,205

NET BOOK VALUE

At 31 December 2024

156,967

At 31 December 2023

119,141

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

35,604

339,207

188,123

2,246

565,180

Additions

91,056

34,977

7,028

9,910

142,971

At 31 December 2024

126,660

374,184

195,151

12,156

708,151

DEPRECIATION

At 1 January 2024

5,085

89,907

118,913

336

214,241

Charge for year

11,163

39,056

10,938

1,188

62,345

At 31 December 2024

16,248

128,963

129,851

1,524

276,586

NET BOOK VALUE

At 31 December 2024

110,412

245,221

65,300

10,632

431,565

At 31 December 2023

30,519

249,300

69,210

1,910

350,939

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Trade debtors

109,462

117,049

Amounts owed by group undertakings

69,916

-

Prepayments and accrued income

80,758

99,652

260,136

216,701

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Hire purchase contracts

37,742

48,706

Trade creditors

475,043

457,724

Amounts owed to group undertakings

637,292

-

Corporation tax

85,817

-

Social security and other taxes

36,679

20,057

VAT

119,480

145,814

Other creditors

20,495

-

Directors' current accounts

237

9,237

Accruals and deferred income

48,505

8,105

1,461,290

689,643

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

(Unaudited)

£

£

Hire purchase contracts

93,340

110,110

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

(Unaudited)

£

£

Hire purchase contracts

131,082

158,816

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

DAVID MELLOR FCA (Senior Statutory Auditor)

for and on behalf of Johnson Tidsall Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

Brightgrey Retail Limited is a wholly owned subsidiary of Brightgrey Engineering Limited, who in turn are a wholly owned subsidiary of Pendine Holdco Limited.

They all share the same registered office.

Pendine Holdco Limited prepare consolidated financial statements, of which Brightgrey Retail Limited forms a part. The consolidated financial statements are publicly available at Companies House, Crown Way, Cardiff, CF14 3UZ, DX 33050 Cardiff, United Kingdom.