Company No: 01052651 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	187,718		162,911
Investments	4	1,300		1,300
		189,018		164,211
Current assets
Stocks		455,481		445,759
Debtors	5	758,031		844,941
Cash at bank and in hand		127,053		57,071
		1,340,565		1,347,771
Creditors: amounts falling due within one year	6	( 830,721)		( 795,789)
Net current assets		509,844		551,982
Total assets less current liabilities		698,862		716,193
Creditors: amounts falling due after more than one year	7	( 66,621)		( 61,804)
Provision for liabilities		( 27,335)		( 25,961)
Net assets		604,906		628,428
Capital and reserves
Called-up share capital	8	50		50
Share premium account		50		50
Profit and loss account		604,806		628,328
Total shareholders' funds		604,906		628,428

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bradford Bolt & Nut Co.Limited (registered number: 01052651) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

S O Lerman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bradford Bolt & Nut Co.Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kimberley House, 1020 Leeds Rd, Bradford, BD3 8ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
	10 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	10 - 20 % reducing balance
Computer equipment	3 years straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments held as fixed assets are measured at cost less any provision for impairment in value.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	40		39

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	191,148		209,894		222,704		173,048		796,794
Additions	3,710		60,491		3,859		1,580		69,640
Disposals	0		( 31,985)		( 166)		0		( 32,151)
At 31 March 2025	194,858		238,400		226,397		174,628		834,283
Accumulated depreciation
At 01 April 2024	160,812		120,162		183,501		169,408		633,883
Charge for the financial year	6,482		28,247		4,786		2,589		42,104
Disposals	0		( 29,309)		( 113)		0		( 29,422)
At 31 March 2025	167,294		119,100		188,174		171,997		646,565
Net book value
At 31 March 2025	27,564		119,300		38,223		2,631		187,718
At 31 March 2024	30,336		89,732		39,203		3,640		162,911

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	1,300		1,300
At 31 March 2025	1,300		1,300
Carrying value at 31 March 2025	1,300		1,300
Carrying value at 31 March 2024	1,300		1,300

Fixed asset investments relate to shares purchased in buying group.

5. Debtors

	2025		2024
	£		£
Trade debtors	651,628		708,309
Prepayments and accrued income	106,287		122,493
Other debtors	116		14,139
	758,031		844,941

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,250		9,998
Trade creditors	630,895		635,440
Amounts owed to directors	12,027		12,078
Accruals	47,196		34,146
Corporation tax	4,526		2,062
Other taxation and social security	85,791		61,373
Obligations under finance leases and hire purchase contracts	38,573		37,370
Other creditors	1,463		3,322
	830,721		795,789

Bank loans with a carrying value of £10,250 (2024- £9,998) are guaranteed by Government under the Bounce Back Loan Scheme

Hire purchase contracts with a carrying value of £38,573 (2024- £37,370) are secured against the assets to which they relate.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	10,491		20,733
Obligations under finance leases and hire purchase contracts	56,130		41,071
	66,621		61,804

Bank loans with a carrying value of £10,491 (2024- £20,733) are guaranteed by Government under the Bounce Back Loan Scheme

Hire purchase contracts with a carrying value of £56,130 (2024- £41,071) are secured against the assets to which they relate.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
15 Ordinary A shares of £ 1.00 each	15		15
10 Ordinary B shares of £ 1.00 each	10		10
9 Ordinary C shares of £ 1.00 each	9		9
8 Ordinary D shares of £ 1.00 each	8		8
8 Ordinary E shares of £ 1.00 each	8		8
	50		50

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	80,000		80,000
between one and five years	284,625		364,625
Total future minimum lease payments under non-cancellable operating leases	364,625		444,625

10. Related party transactions

At the year end the company owed £12,028 (2024- £12,078 ) to the directors of the company.

During the year the directors were paid dividends of £48,675 (2024: £47,540)