Registrar

Registration number: 08321040

Bates Wells & Braithwaite Limited

Contents

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

Bates Wells & Braithwaite Limited

Company Information

Directors

M J Sargeant M A Heselden R G B Sainsbury G R J Blair

Registered office

27 Friars Street Sudbury Suffolk CO10 2AD

Bankers

Barclays Bank Plc 35 Market Hill Sudbury Suffolk CO10 2EP

Accountants

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bates Wells & Braithwaite Limited

(Registration number: 08321040)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	179,511	205,155
Tangible assets	5	1,354	-
		180,865	205,155
Current assets
Debtors	6	691,211	631,669
Cash at bank and in hand		76,899	145,011
		768,110	776,680
Creditors: Amounts falling due within one year	7	(228,558)	(209,638)
Net current assets		539,552	567,042
Total assets less current liabilities		720,417	772,197
Creditors: Amounts falling due after more than one year	7	(2,984)	(86,827)
Provisions for liabilities		(339)	183
Net assets		717,094	685,553
Capital and reserves
Called up share capital	8	2	2
Retained earnings		717,092	685,551
Shareholders' funds		717,094	685,553

For the financial year ended 30 April 2026 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 4 August 2026 and signed on its behalf by:
 

M J Sargeant
Director

Bates Wells & Braithwaite Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

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

The address of its registered office is: 27 Friars Street, Sudbury, Suffolk, CO10 2AD.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

Amounts recoverable on contracts included in debtors represents the recoverable proportion of the jobs completed at the year end based upon labour hours completed at their respective charge out rates.

Tax

Current Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets and liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its expected useful life and is reviewed for impairment regularly.

Bates Wells & Braithwaite Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

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

Asset class	Depreciation method and rate
Leasehold land and buildings	2 to 10 years straight line
Fixtures and fittings	3 to 6 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are initially recognised at the transaction price. 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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Bates Wells & Braithwaite Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Share capital

Ordinary shares are classified as equity.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Multi employer plans

Payments to defined contribution retirement benefit schemes are charged as an expense in the period they fall due.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2025 - 21).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2025	512,883	512,883
At 30 April 2026	512,883	512,883
Amortisation
At 1 May 2025	307,728	307,728
Amortisation charge	25,644	25,644
At 30 April 2026	333,372	333,372
Carrying amount
At 30 April 2026	179,511	179,511
At 30 April 2025	205,155	205,155

Bates Wells & Braithwaite Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

5	Tangible assets

	Land and buildings £	Office equipment  £	Total £
Cost or valuation
At 1 May 2025	2,644	29,543	32,187
Additions	-	1,647	1,647
At 30 April 2026	2,644	31,190	33,834
Depreciation
At 1 May 2025	2,644	29,543	32,187
Charge for the year	-	293	293
At 30 April 2026	2,644	29,836	32,480
Carrying amount
At 30 April 2026	-	1,354	1,354

6

Debtors

	2026 £	2025 £
Trade debtors	158,943	71,454
Other debtors	12,906	17,259
Amounts recoverable on long term contracts	505,537	498,854
Prepayments	13,825	44,102
	691,211	631,669

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		17,273	69,784
Taxation and social security		123,917	79,385
Other creditors		26,735	31,367
Accruals and deferred income		23,847	29,102
Directors loan		36,786	-
		228,558	209,638

Bates Wells & Braithwaite Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Directors loan account	-	86,827
Other creditors	2,984	-
	2,984	86,827

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £0.10 each	20	2	-	-
Ordinary shares of £1 each	-	-	2	2
	20	2	2	2

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	67,605	5,531
Later than one year and not later than five years	104,624	12,096
Later than five years	25,110	-
	197,339	17,627

The amount of non-cancellable operating lease payments recognised as an expense during the year was £62,032 (2025 - £5,531).