Andrew Bradley Limited

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

Registered number: NI018003

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		63,182		87,725

			63,182		87,725
CURRENT ASSETS
Stocks	5	392,535		435,288
Debtors	6	653,273		504,695
Cash at bank and in hand		191,165		290,281

		1,236,973		1,230,264
Creditors: Amounts Falling Due Within One Year	7	(810,863 )		(854,685 )

NET CURRENT ASSETS (LIABILITIES)			426,110		375,579

TOTAL ASSETS LESS CURRENT LIABILITIES			489,292		463,304

Creditors: Amounts Falling Due After More Than One Year	8		(123,754 )		(39,583 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(18,751 )		(1,786 )

NET ASSETS			346,787		421,935

CAPITAL AND RESERVES
Called up share capital	11		10,000		10,000
Profit and Loss Account			336,787		411,935

SHAREHOLDERS' FUNDS			346,787		421,935

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Andrew Bradley 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.

The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:

Mr Alastair Fyfe Director	Mr Andrew Bradley Director	Mrs Mary Bradley Director
30/09/2025

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

1. General Information

Andrew Bradley Limited Registered number NI018003 is a limited by shares company incorporated in Northern Ireland. The Registered Office is 213 Shore Road, Ballymaguigan, Magherafelt, Co. Londonderry, BT45 6LW.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. 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.

2.5. 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 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.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	4	4
Manufacturing	24	24

	28	28

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Andrew Bradley Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	323,229	129,587	13,848	466,664
Additions	1,707	3,800	354	5,861

As at 31 December 2024	324,936	133,387	14,202	472,525

Depreciation
As at 1 January 2024	302,523	63,940	12,476	378,939
Provided during the period	4,996	24,976	432	30,404

As at 31 December 2024	307,519	88,916	12,908	409,343

Net Book Value
As at 31 December 2024	17,417	44,471	1,294	63,182

As at 1 January 2024	20,706	65,647	1,372	87,725

5. Stocks

	2024	2023
	£	£
Materials	7,297	11,092
Work in progress	120,195	159,153
Stock - land in course of development	205,043	60,000
Stock - development land	60,000	205,043

	392,535	435,288

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	294,812	12,058
Retention recoverable on contracts (Debtors < 1 year)	296,094	418,616
Other debtors	8,170	(510 )
VAT	54,197	74,531

	653,273	504,695

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	14,180	9,101
Trade creditors	374,996	599,242
Corporation tax	15,043	42,860
Other taxes and social security	32,717	35,129
Net wages	11,359	-
Other creditors	12,581	2,390

...CONTINUED

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Andrew Bradley Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Credit Card	(3,217 )	(4,058 )
Accruals and deferred income	341,471	158,528
Directors' loan accounts	11,733	11,493

	810,863	854,685

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	8,074	14,576
Bank loans	115,680	25,007

	123,754	39,583

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,180	9,101
Later than one year and not later than five years	8,074	14,576

	22,254	23,677

	22,254	23,677

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	18,751	1,786

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10,000	10,000

12. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	90,500	100,500

13. Related Party Transactions

14. Ultimate Controlling Party

The company directors hold no more than 50% of the shares in the company and therefore there is deemed to be no ultimate controlling party.

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