Bradley Refrigeration Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00594762

Bradley Refrigeration Limited

Filleted Financial Statements

31 December 2025

Bradley Refrigeration Limited

Financial Statements

Year ended 31st December 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

Bradley Refrigeration Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		613,429	574,534

Current assets

Stocks		157,631	53,855
Debtors	6	1,015,275	1,031,237
Cash at bank and in hand		180,858	199,715
		------------	------------
		1,353,764	1,284,807

Creditors: amounts falling due within one year	7	676,660		600,015
		------------		------------
Net current assets			677,104	684,792
			------------	------------
Total assets less current liabilities			1,290,533	1,259,326

Creditors: amounts falling due after more than one year	8		53,209	60,016

Provisions

Taxation including deferred tax	85,346		73,935
Other provisions	29,001		25,156
	---------		--------
		114,347	99,091
		------------	------------
Net assets		1,122,977	1,100,219
		------------	------------

Capital and reserves

Called up share capital	2,000	2,000
Revaluation reserve	97,371	99,597
Profit and loss account	1,023,606	998,622
	------------	------------
Shareholders funds	1,122,977	1,100,219
	------------	------------

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 statement of comprehensive income has not been delivered.

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.

Bradley Refrigeration Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 23 June 2026 , and are signed on behalf of the board by:

Mr D W Marshall

Director

Company registration number: 00594762

Bradley Refrigeration Limited

Notes to the Financial Statements

Year ended 31st December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 929 Abbeydale Road, Sheffield, S7 2QD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

The principle activity of the company was that of provision and servicing of refrigeration and air conditioning equipment. Turnover in relation to this is measured at the fair value of the consideration received or receivable and represents amounts receivable for refrigeration goods supplied and services rendered, net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of tax currently payable and any deferred tax provision.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 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.

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:

Freehold Property	-	2% straight line
Plant and Machinery	-	10% reducing balance
Fixtures and Fittings	-	10% reducing balance
Motor Vehicles	-	25% reducing balance

	Computer Equipment	-	25% reducing balance

Impairment of fixed assets

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.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts 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 statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 22 (2024: 20 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2025	450,000	117,894	79,931	163,060	60,200	871,085
Additions	–	5,766	20,588	65,897	1,730	93,981
	---------	---------	---------	---------	--------	---------
At 31 Dec 2025	450,000	123,660	100,519	228,957	61,930	965,066
	---------	---------	---------	---------	--------	---------
Depreciation
At 1 Jan 2025	35,438	100,582	58,607	48,405	53,519	296,551
Charge for the year	6,750	2,069	3,312	40,983	1,972	55,086
	---------	---------	---------	---------	--------	---------
At 31 Dec 2025	42,188	102,651	61,919	89,388	55,491	351,637
	---------	---------	---------	---------	--------	---------
Carrying amount
At 31 Dec 2025	407,812	21,009	38,600	139,569	6,439	613,429
	---------	---------	---------	---------	--------	---------
At 31 Dec 2024	414,562	17,312	21,324	114,655	6,681	574,534
	---------	---------	---------	---------	--------	---------

Tangible assets held at valuation

Included in freehold property is a value of £450,000 which is attributable to revalued freehold land and buildings. The valuation was provided by the director on 31 December 2023, on the basis of an earlier report, dated 11 September 2019, by Mark Jenkinson & Son, an appropriately qualified firm of chartered valuation surveyors. This was provided on the basis of open market value with vacant possession and restricted marketing period. The company has adopted the provisions set out in FRS 102 with regard to these freehold land and buildings, with depreciation charged on the revalued amount.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31st December 2025	133,659
	---------
At 31st December 2024	106,777
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	523,805	472,705
Other debtors	491,470	558,532
	------------	------------
	1,015,275	1,031,237
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,776	10,648
Trade creditors	378,881	395,244
Accruals and deferred income	135,766	55,280
Corporation tax	39,201	29,395
Social security and other taxes	68,086	76,210
Obligations under finance leases and hire purchase contracts	41,230	29,058
Other creditors	4,720	4,180
	---------	---------
	676,660	600,015
	---------	---------

Included within creditors is a bank loan amounting to £8,776, which is secured by a charge over the assets of the company. The loan is repayable in full within one year of the balance sheet date. Interest is payable at a rate of 2.5% per annum.

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

	2025	2024
	£	£
Bank loans and overdrafts	–	8,415
Other creditors	53,209	51,601
	--------	--------
	53,209	60,016
	--------	--------

9. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	46,241	33,136
Later than 1 year and not later than 5 years	46,460	17,200
	--------	--------
	92,701	50,336
	--------	--------

10. Summary audit opinion

The auditor's report dated 24 June 2026 was unqualified .

The senior statutory auditor was Andrew Throssell FCA , for and on behalf of Hebblethwaites .

11. Related party transactions

Sub Zero Holdings Ltd is a company related by common control and directorship. Included in other debtors at the balance sheet date is an amount of £410,801 (2024: 487,462) owing from Sub Zero Holdings Ltd to the company. The loan is interest free and fully repayable on demand. There was a management charge of £20,000 (2024: £20,000) issued from Sub Zero Holdings Ltd to Bradley Refrigeration Ltd during the year. Sub Zero Holdings Ltd also owns 100% of the share capital of Crawford Controls Ltd, a company also under common control. During the year, Crawford Controls Ltd invoiced Bradley Refrigeration Ltd, for goods in the value of £136,262 (2024: £171,360) and there was an amount owing to Crawford Controls Ltd at the year end date of £2,432 (2024: 48,846).

12. Controlling party

The ultimate controlling party is Sub Zero Holdings Ltd, a company registered in the United Kingdom, by virtue of its ownership of the entire issued share capital of the company. Sub Zero Holdings Ltd is in turn owned by Mr David and Mrs Joanne Marshall by virtue of their ownership of 100% of the share capital. Mr David Marshall is also the sole director of Bradley Refrigeration Ltd. There is no requirement to prepare group accounts.