REGISTERED NUMBER: 02933722 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st October 2025

for

Bray Design Upholstery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M G Beddard

A Ziccardi

Mrs C P Livens

REGISTERED OFFICE:

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

BUSINESS ADDRESS:

Unit 18 Moss End Garden Villiage

Maidenhead Road

Warfield

Berkshire

RG42 6EJ

REGISTERED NUMBER:

02933722 (England and Wales)

ACCOUNTANTS:

Hannaways

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

FIXED ASSETS

Tangible assets

4

103,234

128,996

CURRENT ASSETS

Stocks

5

260,824

230,824

Debtors

6

406,123

441,969

Cash at bank and in hand

32,291

4,653

699,238

677,446

CREDITORS

Amounts falling due within one year

7

794,577

781,976

NET CURRENT LIABILITIES

(95,339

)

(104,530

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,895

24,466

CREDITORS

Amounts falling due after more than one year

8

7,344

19,886

NET ASSETS

551

4,580

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

451

4,480

SHAREHOLDERS' FUNDS

551

4,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th January 2026 and were signed on its behalf by:

Mrs C P Livens - Director

1.	STATUTORY INFORMATION

Bray Design Upholstery 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 47 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st November 2024

95,610

151,826

49,750

127,983

425,169

Additions

-

-

-

1,381

1,381

At 31st October 2025

95,610

151,826

49,750

129,364

426,550

DEPRECIATION

At 1st November 2024

52,202

107,028

12,716

124,227

296,173

Charge for year

5,433

11,199

9,259

1,252

27,143

At 31st October 2025

57,635

118,227

21,975

125,479

323,316

NET BOOK VALUE

At 31st October 2025

37,975

33,599

27,775

3,885

103,234

At 31st October 2024

43,408

44,798

37,034

3,756

128,996

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st November 2024

and 31st October 2025

23,500

DEPRECIATION

At 1st November 2024

4,410

Charge for year

4,773

At 31st October 2025

9,183

NET BOOK VALUE

At 31st October 2025

14,317

At 31st October 2024

19,090

5.

STOCKS

2025

2024

£

£

Stocks

181,001

174,574

Work-in-progress

79,823

56,250

260,824

230,824

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

370,928

412,277

Amounts owed by group undertakings

6,228

-

Other debtors

28,967

29,692

406,123

441,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

108,522

113,787

Hire purchase contracts (see note 10)

5,875

5,875

Trade creditors

173,106

282,219

Amounts owed to group undertakings

-

18,405

Corporation tax

71,098

43,536

Social security and other taxes

348,857

218,659

Other creditors

8,232

8,020

Directors' current accounts

65,288

84,642

Accrued expenses

13,599

6,833

794,577

781,976

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

6,667

Hire purchase contracts (see note 10)

7,344

13,219

7,344

19,886

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

101,855

103,787

Bank loans

6,667

10,000

108,522

113,787

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

6,667

The bank loan was advanced under the Bounce Back Loan scheme in June 2020 and is repayable over 6 years, no repayments were due in the first year. The loan interest rate is 2.5%.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

7,085

7,085

Between one and five years

8,856

15,941

15,941

23,026

Finance charges repayable:

Within one year

1,210

1,210

Between one and five years

1,512

2,722

2,722

3,932

Net obligations repayable:

Within one year

5,875

5,875

Between one and five years

7,344

13,219

13,219

19,094

Non-cancellable

operating leases

2025

2024

£

£

Between one and five years

164,700

164,700

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1st November 2024

4,480

Profit for the year

122,777

Dividends

(126,806

)

At 31st October 2025

451

13.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the benefit of employees and directors. The assets of the scheme are administered by an independent pension provider. Pension payments recognised as an expense in the period amounted to £30,973 (2024: £32,927)

At the balance sheet date unpaid contributions of £7,882 (2024: £8,783) were due to the fund. The amounts are included in other creditors.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Livens Holdings Limited.