Bradechem Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the director on the preparation of the unaudited statutory accounts of Bradechem Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bradechem Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Bradechem Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bradechem Limited and state those matters that we have agreed to state to the director of Bradechem Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bradechem Limited and its director as a body for our work or for this report.

It is your duty to ensure that Bradechem Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Bradechem Limited . You consider that Bradechem Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bradechem Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

2 October 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Bradechem Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC265169

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		7,591		-
Tangible Assets	5		178,177		191,171

			185,768		191,171
CURRENT ASSETS
Stocks	6	54,527		70,729
Debtors	7	78,587		119,657
Cash at bank and in hand		223,826		110,358

		356,940		300,744
Creditors: Amounts Falling Due Within One Year	8	(103,616 )		(81,893 )

NET CURRENT ASSETS (LIABILITIES)			253,324		218,851

TOTAL ASSETS LESS CURRENT LIABILITIES			439,092		410,022

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,445 )		(10,385 )

NET ASSETS			430,647		399,637

CAPITAL AND RESERVES
Called up share capital			1,000		1,000
Profit and Loss Account			429,647		398,637

SHAREHOLDERS' FUNDS			430,647		399,637

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Bradechem Limited

Balance Sheet (continued)

As At 31 March 2025

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.

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

The director acknowledges his 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 M Reid

Director

2 October 2025

The notes on pages 4 to 8 form part of these financial statements.

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Bradechem Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Bradechem Limited is a private company, limited by shares, incorporated in Scotland, registered number SC265169 . The registered office is Unit 1 The Business Venue, Grandholm, Aberdeen, AB22 8AA.

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

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is computer software. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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	2% on cost
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.6. 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.

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Bradechem Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. 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

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Bradechem Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill	Computer software	Total
	£	£	£
Cost
As at 1 April 2024	40,000	-	40,000
Additions	-	7,749	7,749

As at 31 March 2025	40,000	7,749	47,749

Amortisation
As at 1 April 2024	40,000	-	40,000
Provided during the period	-	158	158

As at 31 March 2025	40,000	158	40,158

Net Book Value
As at 31 March 2025	-	7,591	7,591

As at 1 April 2024	-	-	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	139,300	3,688	73,014	620
Additions	-	5,845	-	-
Disposals	-	(1,750 )	(18,350 )	-

As at 31 March 2025	139,300	7,783	54,664	620

Depreciation
As at 1 April 2024	2,786	3,226	19,594	476
Provided during the period	2,786	852	13,097	36
Disposals	-	(350 )	(17,317 )	-

As at 31 March 2025	5,572	3,728	15,374	512

Net Book Value
As at 31 March 2025	133,728	4,055	39,290	108

As at 1 April 2024	136,514	462	53,420	144


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	2,897	219,519
Additions	570	6,415
Disposals	-	(20,100 )

As at 31 March 2025	3,467	205,834

Depreciation
As at 1 April 2024	2,266	28,348

...CONTINUED

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Bradechem Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Provided during the period	205	16,976
Disposals	-	(17,667 )

As at 31 March 2025	2,471	27,657

Net Book Value
As at 31 March 2025	996	178,177

As at 1 April 2024	631	191,171

6. Stocks

	2025	2024
	£	£
Stock	54,527	70,729

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	74,539	117,503
Prepayments and accrued income	2,081	2,154
Director's loan account	1,967	-

	78,587	119,657

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	43,334	47,130
Corporation tax	21,030	5,892
Other taxes and social security	964	5,209
VAT	21,635	14,241
Other creditors	14,181	5,658
Accruals and deferred income	2,472	2,472
Director's loan account	-	1,291

	103,616	81,893

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	10,385	10,385
Deferred taxation	(1,940 )	(1,940 )

Balance at 31 March 2025	8,445	8,445

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Bradechem Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Mark Reid	(1,291 )	5,000	(1,742 )	-	1,967

The above loan is interest free and has no fixed repayment terms.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr M Reid.

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