REGISTERED NUMBER: 00787046 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

J.Bradshaw & Sons Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

T C Bradshaw

K B Garner

SECRETARY:

K B Garner

REGISTERED OFFICE:

Sturton By Stow

Lincoln

Lincolnshire

LN1 2BX

REGISTERED NUMBER:

00787046 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.Bradshaw & Sons Limited for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J.Bradshaw & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.Bradshaw & Sons Limited and state those matters that we have agreed to state to the Board of Directors of J.Bradshaw & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.Bradshaw & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.Bradshaw & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J.Bradshaw & Sons Limited. You consider that J.Bradshaw & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.Bradshaw & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

15 April 2026

FIXED ASSETS

Intangible assets

4

-

11,068

Tangible assets

5

2,179,632

2,340,000

2,179,632

2,351,068

CURRENT ASSETS

Stocks

58,438

74,760

Debtors

6

1,038,293

1,001,179

Cash at bank and in hand

18,689

5,301

1,115,420

1,081,240

CREDITORS

Amounts falling due within one year

7

1,796,497

1,072,563

NET CURRENT (LIABILITIES)/ASSETS

(681,077

)

8,677

TOTAL ASSETS LESS CURRENT LIABILITIES

1,498,555

2,359,745

CREDITORS

Amounts falling due after more than one year

8

-

(461,881

)

PROVISIONS FOR LIABILITIES

(672,262

)

-

NET ASSETS

826,293

1,897,864

CAPITAL AND RESERVES

Called up share capital

11

8,750

8,750

Revaluation reserve

12

561,006

385,508

Retained earnings

256,537

1,503,606

SHAREHOLDERS' FUNDS

826,293

1,897,864

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 15 April 2026 and were signed on its behalf by:

T C Bradshaw - Director

1.	STATUTORY INFORMATION

J.Bradshaw & Sons 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a break-up basis rather than the going concern basis. The directors resolved to cease trading following this year end and to realise the company’s assets and settle its liabilities in the short term.

Under the break-up basis:

- Assets have been stated at their estimated net realisable value, being the amount expected to be realised on disposal.

- Liabilities include all expected costs of winding up the business, including redundancy costs, notice pay, termination payments, and any other closure-related obligations.

- Fixed assets have been reviewed for impairment, and where the recoverable amount is lower than the carrying value, an impairment charge has been recognise.

- Provisions have been made for all identified obligations arising from the cessation of trade.

Preparing the financial statements on a break-up basis requires significant judgement by the directors in estimating. Actual outcomes may differ from these estimates.

Turnover

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

Intangible assets

Computer software has been impaired to nil.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation net of depreciation. No depreciation has been provided on freehold property as it is valued in the financial statements at an amount equivalent to the likely disposal proceeds.

Depreciation on other tangible assets is provided at the following rates to write off the asset over its estimated useful life or, if held under finance lease, over the lease term whichever is shorter.

Plant and machinery - 33% on cost, 30% on reducing balance and 15% on reducing balance.

Fixture and fittings - 25% on reducing balance.

Motor vehicles - Various rates which consider the age of the vehicle when purchased and estimated residual value. Depreciation is phased to account for strong values in three years after purchase with a forecast period of seven years of ownership.

Stocks

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

Financial instruments

Only basic financial instruments are defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measures at present value of future payments, discounted at a market rate of interest.

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

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.

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 41 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2024

14,425

Impairments

(8,301

)

At 31 July 2025

6,124

AMORTISATION

At 1 August 2024

3,357

Charge for year

2,767

At 31 July 2025

6,124

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

11,068

5.	TANGIBLE FIXED ASSETS

Land and

Short

Plant and

Buildings

leasehold

machinery

£

£

£

COST OR VALUATION

At 1 August 2024

500,500

385,394

217,274

Additions

-

-

32,304

Disposals

(500

)

-

-

Revaluations

362,500

-

-

Impairments

-

(330,418

)

-

At 31 July 2025

862,500

54,976

249,578

DEPRECIATION

At 1 August 2024

494

24,200

186,848

Charge for year

-

30,776

13,620

Eliminated on disposal

(494

)

-

-

At 31 July 2025

-

54,976

200,468

NET BOOK VALUE

At 31 July 2025

862,500

-

49,110

At 31 July 2024

500,006

361,194

30,426

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 August 2024

20,772

3,880,092

17,873

5,021,905

Additions

-

413,831

1,060

447,195

Disposals

-

(642,234

)

-

(642,734

)

Revaluations

-

-

-

362,500

Impairments

-

(329,847

)

-

(660,265

)

At 31 July 2025

20,772

3,321,842

18,933

4,528,601

DEPRECIATION

At 1 August 2024

11,220

2,454,688

4,455

2,681,905

Charge for year

2,388

219,772

3,620

270,176

Eliminated on disposal

-

(602,618

)

-

(603,112

)

At 31 July 2025

13,608

2,071,842

8,075

2,348,969

NET BOOK VALUE

At 31 July 2025

7,164

1,250,000

10,858

2,179,632

At 31 July 2024

9,552

1,425,404

13,418

2,340,000

Cost or valuation at 31 July 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

385,508

-

385,508

Valuation in 2025

32,082

(329,847

)

(297,765

)

Cost

499,886

3,940,972

4,440,858

917,476

3,611,125

4,528,601

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

114,492

114,492

Freehold land and buildings were valued on an open market basis on 4 December 2025 by Poyntons Chartered Surveyors .

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

Plant and

machinery

etc

£

COST OR VALUATION

At 1 August 2024

801,861

Additions

413,831

At 31 July 2025

1,215,692

DEPRECIATION

At 1 August 2024

41,726

Charge for year

63,247

At 31 July 2025

104,973

NET BOOK VALUE

At 31 July 2025

1,110,719

At 31 July 2024

760,135

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

939,332

887,858

Other debtors

98,961

113,321

1,038,293

1,001,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

677,967

262,085

Trade creditors

224,592

185,038

Taxation and social security

129,002

121,524

Other creditors

764,936

503,916

1,796,497

1,072,563

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

314,292

Other creditors

-

147,589

-

461,881

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

677,967

262,085

Between one and five years

-

314,292

677,967

576,377

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

677,966

576,377

Invoice discounting

553,435

367,576

1,231,401

943,953

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

8,750

Ordinary

£1

8,750

8,750

12.

RESERVES

Revaluation

reserve

£

At 1 August 2024

385,508

Revaluation reserve

175,498

At 31 July 2025

561,006