REGISTERED NUMBER: 00386675 (England and Wales)

W.BRADLEY & SONS(FREISTON)LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

W R Bradley Deceased

C W Bradley

SECRETARY:

C W Bradley

REGISTERED OFFICE:

Fishtoft Grange

Gaysfield Road

Fishtoft

Boston

Lincolnshire

PE21 0SF

REGISTERED NUMBER:

00386675 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

555,416

502,712

CURRENT ASSETS

Stocks

44,335

89,968

Debtors

4

27,612

13,556

Cash at bank and in hand

135,975

148,362

207,922

251,886

CREDITORS

Amounts falling due within one year

5

141,782

109,259

NET CURRENT ASSETS

66,140

142,627

TOTAL ASSETS LESS CURRENT LIABILITIES

621,556

645,339

PROVISIONS FOR LIABILITIES

44,457

43,981

NET ASSETS

577,099

601,358

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

567,099

591,358

SHAREHOLDERS' FUNDS

577,099

601,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 18 July 2025 and were signed on its behalf by:

C W Bradley - Director

1.	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.

Turnover

Turnover represents net invoiced sales of goods and services excluding Value Added tax.

Tangible fixed assets

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

Freehold property

-

15% on reducing balance

Tractors and machinery

-

at variable rates on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued by a professional valuer in accordance with the Guidance Notes of the Royal Institute of Chartered Surveyors and Central Association of Agricultural Valuers and in accordance with Inland Revenue Business Economic Notes.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Tractors

Freehold

and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 6 April 2024

361,771

534,619

46,085

942,475

Additions

11,835

39,923

57,743

109,501

Disposals

-

(12,750

)

(37,085

)

(49,835

)

At 5 April 2025

373,606

561,792

66,743

1,002,141

DEPRECIATION

At 6 April 2024

54,246

339,647

45,870

439,763

Charge for year

1,792

36,259

14,435

52,486

Eliminated on disposal

-

(8,654

)

(36,870

)

(45,524

)

At 5 April 2025

56,038

367,252

23,435

446,725

NET BOOK VALUE

At 5 April 2025

317,568

194,540

43,308

555,416

At 5 April 2024

307,525

194,972

215

502,712

Included in cost of land and buildings is freehold land of £ 307,416 (2024 - £ 307,416 ) which is not depreciated.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,943

10,388

Other debtors

10,669

3,168

27,612

13,556

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,185

1,800

Taxation and social security

234

27,801

Other creditors

105,363

79,658

141,782

109,259

6.	RELATED PARTY DISCLOSURES

The company rents farmland from the directors, their family and shareholders. During the year, rentals paid amounted to £8,560 (2024 - £8,560).