Company No: 12434127 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	R Grajcar
	A A Green

REGISTERED OFFICE	22 Wycombe End
	Beaconsfield
	HP9 1NB
	United Kingdom

COMPANY NUMBER

12434127 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	31.01.2025		31.01.2024
		£		£
Fixed assets
Intangible assets	3	4,642		5,802
Tangible assets	4	70,882		80,676
		75,524		86,478
Current assets
Stocks	5	37,185		35,804
Debtors	6	19,477		50,321
Cash at bank and in hand		84,785		74,449
		141,447		160,574
Creditors: amounts falling due within one year	7	( 202,156)		( 211,425)
Net current liabilities		(60,709)		(50,851)
Total assets less current liabilities		14,815		35,627
Creditors: amounts falling due after more than one year	8	( 7,500)		( 17,500)
Provision for liabilities		( 16,434)		( 14,136)
Net (liabilities)/assets		( 9,119)		3,991
Capital and reserves
Called-up share capital	9	73		100
Capital redemption reserve		27		0
Profit and loss account		( 9,219 )		3,891
Total shareholders' (deficit)/funds		( 9,119)		3,991

For the financial year ending 31 January 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 Bradenham Preformed Wood Components Limited (registered number: 12434127) were approved and authorised for issue by the Board of Directors on 16 May 2025. They were signed on its behalf by:

A A Green 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

Bradenham Preformed Wood Components 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 22 Wycombe End, Beaconsfield, HP9 1NB, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Bradenham Preformed Wood Components Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

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.

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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 Profit and Loss Account 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

2. Employees

	31.01.2025		31.01.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2024	5,802		5,802
At 31 January 2025	5,802		5,802
Accumulated amortisation
At 01 February 2024	0		0
Charge for the financial year	1,160		1,160
At 31 January 2025	1,160		1,160
Net book value
At 31 January 2025	4,642		4,642
At 31 January 2024	5,802		5,802

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2024	119,597		119,597
Additions	16,449		16,449
At 31 January 2025	136,046		136,046
Accumulated depreciation
At 01 February 2024	38,921		38,921
Charge for the financial year	26,243		26,243
At 31 January 2025	65,164		65,164
Net book value
At 31 January 2025	70,882		70,882
At 31 January 2024	80,676		80,676

5. Stocks

	31.01.2025		31.01.2024
	£		£
Stocks	37,185		35,804

6. Debtors

	31.01.2025		31.01.2024
	£		£
Trade debtors	18,121		47,603
Other debtors	1,356		2,718
	19,477		50,321

7. Creditors: amounts falling due within one year

	31.01.2025		31.01.2024
	£		£
Bank loans	10,000		10,000
Trade creditors	272		42,158
Taxation and social security	48,838		46,768
Other creditors	143,046		112,499
	202,156		211,425

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

	31.01.2025		31.01.2024
	£		£
Bank loans	7,500		17,500

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	31.01.2025		31.01.2024
	£		£
Allotted, called-up and fully-paid
51 Ordinary A Shares shares of £ 1.00 each	51		51
22 Ordinary B Shares shares of £ 1.00 each (31.01.2024: 49 shares of £ 1.00 each)	22		49
	73		100

On 10 April 2024, 27 Ordinary B shares were purchased by the company for cancellation.

10. Financial commitments

Commitments

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

	31.01.2025		31.01.2024
	£		£
within one year	20,004		20,004
between one and five years	60,012		80,016
Total future minimum lease payments under non-cancellable operating leases	80,016		100,020