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Company Registration No. 13753774 (England and Wales)
Bradbys Limited Unaudited accounts for the year ended 31 December 2024
Bradbys Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bradbys Limited Company Information for the year ended 31 December 2024
Directors
Andrew Barnes Henry Tonks
Company Number
13753774 (England and Wales)
Registered Office
41 Mereheath Park Knutsford WA16 6AS England
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
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Bradbys Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
423,963
560,725
Tangible assets
5
2,248
1,403
Investments
6
4,950
4,950
431,161
567,078
Current assets
Debtors
7
41,520
52,740
Cash at bank and in hand
110,738
71,264
152,258
124,004
Creditors: amounts falling due within one year
8
(559,898)
(646,403)
Net current liabilities
(407,640)
(522,399)
Net assets
23,521
44,679
Capital and reserves
Called up share capital
102
102
Profit and loss account
23,419
44,577
Shareholders' funds
23,521
44,679
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by
Henry Tonks Director Company Registration No. 13753774
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Bradbys Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bradbys Limited is a private company, limited by shares, registered in England and Wales, registration number 13753774. The registered office is 41 Mereheath Park, Knutsford, WA16 6AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing balan
Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.
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Bradbys Limited Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
683,811
At 31 December 2024
683,811
Amortisation
At 1 January 2024
123,086
Charge for the year
136,762
At 31 December 2024
259,848
Net book value
At 31 December 2024
423,963
At 31 December 2023
560,725
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
2,129
Additions
1,407
At 31 December 2024
3,536
Depreciation
At 1 January 2024
726
Charge for the year
562
At 31 December 2024
1,288
Net book value
At 31 December 2024
2,248
At 31 December 2023
1,403
6
Investments
Other investments
£
Valuation at 1 January 2024
4,950
Valuation at 31 December 2024
4,950
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Bradbys Limited Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
41,520
52,740
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
502,266
578,829
VAT
19,032
6,075
Trade creditors
1,983
2,500
Taxes and social security
34,931
55,768
Other creditors
646
-
Loans from directors
1,040
3,233
Accruals
-
(2)
559,898
646,403
9
Average number of employees
During the year the average number of employees was 6 (2023: 3).
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