REGISTERED NUMBER: 01396401 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Bray Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Hallett

S Collins

G Paul-Florence

REGISTERED OFFICE:

Unit 1 Regal Way

Faringdon

Oxfordshire

SN7 7BX

REGISTERED NUMBER:

01396401 (England and Wales)

AUDITORS:

WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

25,116

5,700

Tangible assets

5

475,742

496,140

500,858

501,840

CURRENT ASSETS

Stocks

314,091

429,688

Debtors

6

642,879

904,153

Cash at bank

572,668

409,391

1,529,638

1,743,232

CREDITORS

Amounts falling due within one year

7

(272,122

)

(455,846

)

NET CURRENT ASSETS

1,257,516

1,287,386

TOTAL ASSETS LESS CURRENT LIABILITIES

1,758,374

1,789,226

PROVISIONS FOR LIABILITIES

(81,258

)

(85,856

)

NET ASSETS

1,677,116

1,703,370

CAPITAL AND RESERVES

Called up share capital

70,000

70,000

Retained earnings

1,607,116

1,633,370

1,677,116

1,703,370

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

K Hallett - Director

1.	STATUTORY INFORMATION

Bray Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

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 products is recognised when the significant risks and rewards of ownership of the goods have transferred to buyer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Land and buildings - in accordance with the property

Plant and machinery etc - 25% on cost, 25% on reducing balance and 10% on reducing balance

Stocks

Stock is valued at the lower of cost, including those incurred to bring them to their current state, and net realisable value, after making due allowance for obsolete and slow moving items.

The stock provision is based on when stock expires and not on the basis of damaged stock. Also making an allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

21,259

Additions

22,957

At 31 December 2024

44,216

AMORTISATION

At 1 January 2024

15,559

Charge for year

3,541

At 31 December 2024

19,100

NET BOOK VALUE

At 31 December 2024

25,116

At 31 December 2023

5,700

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

188,675

1,553,977

1,742,652

Additions

-

43,498

43,498

Disposals

-

(46,200

)

(46,200

)

At 31 December 2024

188,675

1,551,275

1,739,950

DEPRECIATION

At 1 January 2024

36,001

1,210,511

1,246,512

Charge for year

2,000

40,161

42,161

Eliminated on disposal

-

(24,465

)

(24,465

)

At 31 December 2024

38,001

1,226,207

1,264,208

NET BOOK VALUE

At 31 December 2024

150,674

325,068

475,742

At 31 December 2023

152,674

343,466

496,140

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

552,808

598,789

Amounts owed by group undertakings

4,368

269,100

Other debtors

85,703

36,264

642,879

904,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

76,726

59,580

Taxation and social security

87,678

288,883

Other creditors

107,718

107,383

272,122

455,846

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

125,000

-

Between one and five years

500,000

-

In more than five years

41,667

-

666,667

-

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

10.	ULTIMATE CONTROLLING PARTY

The parent company which prepares consolidated financial statements in which these accounts are included is Bray Holdco Limited a limited company registered under 15655153 in England & Wales with its registered office being Ellenborough House, Wellington Street, Cheltenham, United Kingdom, GL50 1YD.

The ultimate controlling party is considered to be Ethos Partners LLP, a limited liability partnership registered under OC420647 in England and Wales with its registered office being 1 Earlham Street, London, WC2H 8HL acting in its capacity as the investment manager of assets held by MNL Nominees Limited.

11.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £215,932 (2023: £216,311). At 31 December 2024, amounts outstanding were £19,424 (2023 - £6,414)