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Company registration number: NI032131
M & P Bradley Ltd
Filleted financial statements
30 September 2025
M & P Bradley Ltd
Contents
Directors and other information
Balance sheet
Notes to the financial statements
M & P Bradley Ltd
Directors and other information

| Directors | Mr M. G. Bradley
|  | Mr P. J. Bradley
|  | Mrs M. B. Bradley
|  | Mrs M. T. Bradley
| Secretary | Mr P. J. Bradley
| Company number | NI032131
| Registered office | 966 Shore Road
|  | Newtownabbey
|  | Co. Antrim
|  | BT36 7DJ
| Auditor | Fergus McAteer & Co.
|  | 31/33 Clarendon Street
|  | Derry
|  | BT48 7ER

| Bankers | Danske Bank
|  | North Business Centre
|  | 1-2 Broadway
|  | Ballymena
|  | BT43 7AA
| Solicitors | McKeone O'Dowd
|  | 1 Carlisle Terrace
|  | Derry
|  | BT48 6JX

M & P Bradley Ltd
Balance sheet
30 September 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 721,429 |  |  |  | 670,456 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 721,429 |  |  |  | 670,456
Current assets |  |  |  |  |  |  |  |  |
Stocks |  | 6 | 626,108 |  |  |  | 1,055,652 |  |
Debtors: |  |  |  |  |  |  |  |  |
| Amounts falling due within one year | 7 | 4,205,286 |  |  |  | 4,456,530 |  |
Cash at bank and in hand |  |  | 12,328,175 |  |  |  | 11,164,169 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 17,159,569 |  |  |  | 16,676,351 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 572,612) |  |  |  | ( 1,119,380) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 16,586,957 |  |  |  | 15,556,971
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 17,308,386 |  |  |  | 16,227,427
Provisions for liabilities |  |  |  |  | ( 141,678) |  |  |  | ( 128,548)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 17,166,708 |  |  |  | 16,098,879
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 17,166,608 |  |  |  | 16,098,779
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 17,166,708 |  |  |  | 16,098,879
|  |  |  |  | _______ |  |  |  | _______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account and directors' report have not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 March 2026 , and are signed on behalf of the board by:
Mr P. J. Bradley
Director
Company registration number: NI032131
M & P Bradley Ltd
Notes to the financial statements
Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 966 Shore Road, Newtownabbey, Co. Antrim, BT36 7DJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Land and buildings | - | No depreciation |
| Plant and machinery | - | 20 % | reducing balance
| Motor vehicles | - | 20 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Stocks are also assessed for impairment at each reporting date and provision is made immediately in the profit and loss account for damaged, obsolete and slow-moving stock where appropriate.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The company only holds basic financial instruments at the reporting date .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 32 (2024: 35 ).
5. Tangible assets

|  | Freehold property | Plant and machinery | Motor vehicles | Total |  |  |
|  | £ | £ | £ | £ |  |  |
| Cost |  |  |  |  |  |  |
| At 1 October 2024 | 130,462 | 755,138 | 750,929 | 1,636,529 |  |  |
| Additions | - | 95,642 | 133,082 | 228,724 |  |  |
| Disposals | - | ( 30,000) | ( 53,052) | ( 83,052) |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 30 September 2025 | 130,462 | 820,780 | 830,959 | 1,782,201 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 October 2024 | - | 540,410 | 425,663 | 966,073 |  |  |
| Charge for the year | - | 61,067 | 92,243 | 153,310 |  |  |
| Disposals | - | ( 24,967) | ( 33,644) | ( 58,611) |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 30 September 2025 | - | 576,510 | 484,262 | 1,060,772 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 September 2025 | 130,462 | 244,270 | 346,697 | 721,429 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |
| At 30 September 2024 | 130,462 | 214,728 | 325,266 | 670,456 |  |  |
|  | _______ | _______ | _______ | _______ |  |  |

6. Stocks

|  |  | 2025 | 2024
|  |  | £ | £
| Raw materials |  | 282,978 | 319,047
| Work in progress |  | 343,130 | 736,605
|  |  | _______ | _______
|  |  | 626,108 | 1,055,652
|  |  | _______ | _______

7. Debtors
Debtors falling due within one year are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 837,680 | 1,382,548
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 1,626,797 | 1,626,797
| Other debtors |  | 1,740,809 | 1,447,185
|  |  | _______ | _______
|  |  | 4,205,286 | 4,456,530
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 1,034 | 1,322
| Trade creditors |  | 302,600 | 416,491
| Corporation tax |  | - | 460,503
| Social security and other taxes |  | 249,311 | 217,653
| Other creditors |  | 19,667 | 23,411
|  |  | _______ | _______
|  |  | 572,612 | 1,119,380
|  |  | _______ | _______

The bank overdraft is secured by: - a debenture over all of the assets and undertakings, - a personal guarantee of £100,000 each from Patrick Bradley and from Michael Bradley; - a first legal mortgage over the property at 966 - 968 Shore Road, Newtownabbey, County Antrim.
9. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______

10. Summary audit opinion
The auditor's report dated 10 March 2026 was unqualified.
The senior statutory auditor was Conor McAteer for and on behalf of Fergus McAteer & Co.
11. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Related Parties | 25,811 | 39,024 | 1,668,797 | 1,642,986
|  | _______ | _______ | _______ | _______

Parties are related as they have common directors, shareholders and owners .
12. Ethical standards
In common with many other businesses of this size and nature the directors use the auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements, as per Section 6 of the FRC Ethical Standard.
13. Controlling party
Mr M. G. Bradley and Mr P. J. Bradley are the ultimate controlling parties of the company.