Bradley Aero Engineering Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08968070

Bradley Aero Engineering Limited

Filleted Unaudited Financial Statements

31 March 2025

Bradley Aero Engineering Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	2,323	5,859
Cash at bank and in hand		73	25
		-------	-------
		2,396	5,884

Creditors: amounts falling due within one year	6	3,242	3,490
		-------	-------
Net current (liabilities)/assets		( 846)	2,394
		----	-------
Total assets less current liabilities		( 846)	2,394

Creditors: amounts falling due after more than one year	7	2,009	4,518
		-------	-------
Net liabilities		( 2,855)	( 2,124)
		-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 2,856)	( 2,125)
	-------	-------
Shareholder deficit	( 2,855)	( 2,124)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Bradley Aero Engineering Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr D J Bradley
Director

Company registration number: 08968070

Bradley Aero Engineering Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Heathwood Close, Gwersyllt, Wrexham, LL11 4XQ, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	204	1,082	1,286
	----	-------	-------
Depreciation
At 1 April 2024 and 31 March 2025	204	1,082	1,286
	----	-------	-------
Carrying amount
At 31 March 2025	–	–	–
	----	-------	-------
At 31 March 2024	–	–	–
	----	-------	-------

5. Debtors

	2025	2024
	£	£
Other debtors	2,323	5,859
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,760	3,041
Other creditors	482	449
	-------	-------
	3,242	3,490
	-------	-------

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

	2025	2024
	£	£
Bank loans and overdrafts	2,009	4,518
	-------	-------

8. Director's advances, credits and guarantees

In the year the director operated a loan account with the company. At the year end the balance owed to the company from the director was £810.86 (2024 - £4,346.58). The loan is interest free and repayable upon demand.