Registration number: 01645884

GJ Bream Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

GJ Bream Limited

(Registration number: 01645884)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	78,775	68,160
Current assets
Stocks	5	168,227	310,039
Debtors	6	151,133	180,834
Cash at bank and in hand		1,038,018	777,170
		1,357,378	1,268,043
Creditors: Amounts falling due within one year	8	(305,058)	(387,683)
Net current assets		1,052,320	880,360
Total assets less current liabilities		1,131,095	948,520
Provisions for liabilities		(19,694)	(17,040)
Net assets		1,111,401	931,480
Capital and Reserves
Called up share capital		1,000	1,000
Retained Earnings		1,110,401	930,480
Shareholders' funds		1,111,401	931,480

GJ Bream Limited

(Registration number: 01645884)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2026 and signed on its behalf by:
 

......................................... A J Bream Director

GJ Bream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30a St Andrews Street South
Bury St Edmunds
Suffolk
IP33 3PH

These financial statements were authorised for issue by the Board on 30 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

GJ Bream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

GJ Bream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 18).

GJ Bream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible Assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	130,603	48,658	179,261
Additions	22,514	15,485	37,999
Disposals	(36,153)	-	(36,153)
At 31 December 2025	116,964	64,143	181,107
Depreciation
At 1 January 2025	76,502	34,599	111,101
Charge for the year	15,193	4,349	19,542
Eliminated on disposal	(28,311)	-	(28,311)
At 31 December 2025	63,384	38,948	102,332
Carrying amount
At 31 December 2025	53,580	25,195	78,775
At 31 December 2024	54,101	14,059	68,160

5

Stocks

	2025 £	2024 £
Raw materials and consumables	1,327	1,411
Work in progress	166,900	308,628
	168,227	310,039

6

Debtors

Current	2025 £	2024 £
Trade Debtors	139,687	169,721
Prepayments	11,446	11,078
Other debtors	-	35
	151,133	180,834

GJ Bream Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7	Controlling party

AJ Bream had a controlling interest in the company throughout the year.

 

 

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade Creditors		57,001	66,904
Directors current accounts		11,900	16,300
Taxation and social security		100,494	98,171
Other creditors		135,663	206,308
		305,058	387,683