Company registration number 02735963 (England and Wales)
Bardo (Midlands) Limited
Unaudited financial statements
For the year ended 31 July 2025
Bardo (Midlands) Limited
Company information
Director
R J Strong
Secretary
R J Strong
Company number
02735963
Registered office
113 Spalding Road
Deeping St James
Peterborough
PE6 8SD
Accountants
DJH Derby Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
Bardo (Midlands) Limited
Contents
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
Bardo (Midlands) Limited
Accountants' report to the director on the preparation of the unaudited statutory financial statements of Bardo (Midlands) Limited for the year ended 31 July 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bardo (Midlands) Limited for the year ended 31 July 2025 which comprise, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Bardo (Midlands) 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 financial statements of Bardo (Midlands) Limited and state those matters that we have agreed to state to the b oard of d irectors of Bardo (Midlands) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bardo (Midlands) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Bardo (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bardo (Midlands) Limited. You consider that Bardo (Midlands) 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 financial statements of Bardo (Midlands) 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 statutory f inancial statements.

DJH Derby Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
28 October 2025
BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Balance sheet
AS AT
31 JULY 2025
31 July 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,232
4,691
Current assets
Debtors
4
1,441,123
1,239,280
Cash at bank and in hand
185,637
160,424
1,626,760
1,399,704
Creditors: amounts falling due within one year
5
(846,745)
(659,775)
Net current assets
780,015
739,929
Net assets
784,247
744,620
Capital and reserves
Called up share capital
6
20,000
20,000
Profit and loss reserves
764,247
724,620
Total equity
784,247
744,620
BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Balance sheet (continued)
AS AT
31 JULY 2025
31 July 2025
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 28 October 2025
R J Strong
Director
Company registration number 02735963 (England and Wales)
BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Notes to the financial statements
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
1
Accounting policies
Company information

Bardo (Midlands) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 113 Spalding Road, Deeping St James, Peterborough, PE6 8SD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognized initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 7 -
1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
5
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 August 2024
2,051
22,990
25,041
Additions
839
-
0
839
At 31 July 2025
2,890
22,990
25,880
Depreciation and impairment
At 1 August 2024
1,451
18,899
20,350
Depreciation charged in the year
275
1,023
1,298
At 31 July 2025
1,726
19,922
21,648
Carrying amount
At 31 July 2025
1,164
3,068
4,232
At 31 July 2024
600
4,091
4,691
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
727,604
507,545
Amounts owed by group undertakings
703,570
725,564
Other debtors
9,949
6,171
1,441,123
1,239,280
BARDO (MIDLANDS) LIMITED
Bardo (Midlands) Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
794,852
624,882
Taxation and social security
46,572
29,698
Other creditors
5,321
5,195
846,745
659,775
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20,000
20,000
20,000
20,000
7
Financial commitments, guarantees and contingent liabilities

The total amount of financial commitments not included in the balance sheet is £58,522 (2024 - £54,145).

8
Events after the reporting date

After the balance sheet date the following dividends have been voted;

£3,923 on ordinary £1 shares.

9
Related party transactions

At the balance sheet date the amount owed to the company by the parent company was £703,570 (2024 - £725,564).

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