Varley Group (Bradford) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10311198

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,809,660		5,521,450
Investments	5		1,503		1,502

			9,811,163		5,522,952
CURRENT ASSETS
Debtors	6	3,099,967		1,980,015
Cash at bank and in hand		14,786		13,575

		3,114,753		1,993,590
Creditors: Amounts Falling Due Within One Year	7	(7,287,848 )		(4,439,805 )

NET CURRENT ASSETS (LIABILITIES)			(4,173,095 )		(2,446,215 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,638,068		3,076,737

Creditors: Amounts Falling Due After More Than One Year	8		(4,762,582 )		(2,272,552 )

NET ASSETS			875,486		804,185

CAPITAL AND RESERVES
Called up share capital	9		1,600		1,600
Profit and Loss Account			873,886		802,585

SHAREHOLDERS' FUNDS			875,486		804,185

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Varley Group (Bradford) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D M Varley

Director

24/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Varley Group (Bradford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10311198 . The registered office is Unit 1 Bowling Park Close, Bradford, West Yorkshire, BD4 7HG.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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.

2.3. 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:

Freehold	Not depreciated
Plant & Machinery	20% Straight line
Fixtures & Fittings	20% Straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	5,499,750	25,625	2,000	5,527,375
Additions	4,290,934	-	3,295	4,294,229

As at 31 December 2024	9,790,684	25,625	5,295	9,821,604

Depreciation
As at 1 January 2024	-	5,125	800	5,925
Provided during the period	-	5,125	894	6,019

As at 31 December 2024	-	10,250	1,694	11,944

Net Book Value
As at 31 December 2024	9,790,684	15,375	3,601	9,809,660

As at 1 January 2024	5,499,750	20,500	1,200	5,521,450

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Varley Group (Bradford) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	1,502
Additions	1

As at 31 December 2024	1,503

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,503

As at 1 January 2024	1,502

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	490,999	22,137
Other debtors	164,565	-
VAT	1,524	123,534
Amounts owed by other participating interests	2,442,879	1,834,344

	3,099,967	1,980,015

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	22,540	7,518
Bank loans and overdrafts	94,656	79,931
Other creditors	1	-
Accruals and deferred income	2,896,049	36,635
Directors' loan accounts	100,200	100,200
Amounts owed to other participating interests	4,174,402	4,215,521

	7,287,848	4,439,805

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,762,582	2,272,552

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	1,728,958		1,733,506

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Varley Group (Bradford) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,600	1,600

10. Related Party Transactions

Varley Partnership

Under common control

As at the balance sheet date the amount owed to the related party was £503,419 (2023: £212,720).

Metalcraft Projects UK Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £2,459,199 (2023: £1,671,748).

MC Builders Merchants Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £100,178 (2023: amount owed by the related party was £39,000).

M Craft Developments Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £83,858 (2023: £48,595).

Metalcraft Europe Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £3,225,935 (2023: £3,665,744).

Process Pump Solutions Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £25,402 (2023: £45,680).

MCE Electrical Contractors Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £165,246 (2023: £85,537).

Metalcraft Precision Engineering Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £254,400 (2023: £205,840).

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