Company registration number 09510541 (England and Wales)
K L BRADLEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
K L BRADLEY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
K L BRADLEY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,018
20,003
Current assets
Stocks
895,020
949,371
Debtors
4
61,415
59,307
Cash at bank and in hand
38,024
149,693
994,459
1,158,371
Creditors: amounts falling due within one year
5
(328,281)
(408,780)
Net current assets
666,178
749,591
Total assets less current liabilities
680,196
769,594
Creditors: amounts falling due after more than one year
6
(1,588)
(11,791)
Provisions for liabilities
(2,796)
(4,860)
Net assets
675,812
752,943
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
675,811
752,942
Total equity
675,812
752,943

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 March 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 member has 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.

K L BRADLEY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 4 November 2025
Mrs K L Bradley-Alexanders
Director
Company Registration No. 09510541
K L BRADLEY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
1
669,058
669,059
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
97,634
97,634
Dividends
-
(13,750)
(13,750)
Balance at 31 March 2024
1
752,942
752,943
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
(57,981)
(57,981)
Dividends
-
(19,150)
(19,150)
Balance at 31 March 2025
1
675,811
675,812
K L BRADLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

K L Bradley Limited is a private company limited by shares incorporated in England and Wales. The registered office is 67 Low Petergate, York, United Kingdom, YO1 7HY.

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 dispatch 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.

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, fittings and equipment
20% straight line

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
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

K L BRADLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

K L BRADLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Taxation

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

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.

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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

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

1.13
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
10
10
K L BRADLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
55,028
Additions
2,646
At 31 March 2025
57,674
Depreciation and impairment
At 1 April 2024
35,025
Depreciation charged in the year
8,631
At 31 March 2025
43,656
Carrying amount
At 31 March 2025
14,018
At 31 March 2024
20,003
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
14,964
-
0
Other debtors
46,451
59,307
61,415
59,307
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
42,109
38,355
Trade creditors
239,597
293,475
Corporation tax
-
0
37,389
Other taxation and social security
33,863
27,864
Other creditors
12,712
11,697
328,281
408,780
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,588
11,791
K L BRADLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Director's transactions

Dividends totalling £19,150 (2024 - £13,750) were paid in the year in respect of shares held by the company's director.

Interest free loans have been granted by the company to its director as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Director's loan account
-
22,209
(5,161)
17,048
22,209
(5,161)
17,048

2025-03-31 2024-04-01 false false false 10 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs K L Bradley-Alexanders 09510541 2024-04-01 2025-03-31 09510541 2025-03-31 09510541 2024-03-31 09510541 core:OtherPropertyPlantEquipment 2025-03-31 09510541 core:OtherPropertyPlantEquipment 2024-03-31 09510541 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09510541 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09510541 core:CurrentFinancialInstruments 2025-03-31 09510541 core:CurrentFinancialInstruments 2024-03-31 09510541 core:Non-currentFinancialInstruments 2025-03-31 09510541 core:Non-currentFinancialInstruments 2024-03-31 09510541 core:ShareCapital 2025-03-31 09510541 core:ShareCapital 2024-03-31 09510541 core:RetainedEarningsAccumulatedLosses 2025-03-31 09510541 core:RetainedEarningsAccumulatedLosses 2024-03-31 09510541 core:ShareCapital 2023-03-31 09510541 core:RetainedEarningsAccumulatedLosses 2023-03-31 09510541 bus:Director1 2024-04-01 2025-03-31 09510541 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09510541 2023-04-01 2024-03-31 09510541 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09510541 core:ComputerEquipment 2024-04-01 2025-03-31 09510541 core:OtherPropertyPlantEquipment 2024-03-31 09510541 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 09510541 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09510541 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09510541 bus:FRS102 2024-04-01 2025-03-31 09510541 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09510541 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP