BFE Brays Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05901666

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		55,300
Tangible Assets	5		-		2,813

			-		58,113
CURRENT ASSETS
Stocks	6	-		67,800
Debtors	7	306,930		128,417
Cash at bank and in hand		61,082		59,762

		368,012		255,979
Creditors: Amounts Falling Due Within One Year	8	(184,687 )		(151,323 )

NET CURRENT ASSETS (LIABILITIES)			183,325		104,656

TOTAL ASSETS LESS CURRENT LIABILITIES			183,325		162,769

NET ASSETS			183,325		162,769

CAPITAL AND RESERVES
Called up share capital	9		45,003		45,003
Profit and Loss Account			138,322		117,766

SHAREHOLDERS' FUNDS			183,325		162,769

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BFE Brays Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

L Nelson

Director

23 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

BFE Brays Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05901666 . The registered office is Building Society Chambers, Wesley Street, Otley, LS21 1AZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company sold its business assets to Nuvo Accountancy Ltd on 30 January 2026 and, therefore, the going concern basis is not appropriate. These accounts have been prepared on the net realisable value basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. The goodwill was sold at the year end and the profit on sale is recognised in the profit and loss account.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The tangible assets were sold at the year end and the resulting loss on disposal transferred to the profit and loss account. Previously depreciation has been provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office Equipment

25% reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for impairment. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 10)

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BFE Brays Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	540,000
Disposals	(540,000 )

As at 31 January 2026	-

Amortisation
As at 1 February 2025	484,700
Disposals	(484,700 )

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	55,300

5. Tangible Assets

	Office Equipment
	£
Cost
As at 1 February 2025	22,244
Additions	2,973
Disposals	(25,217 )

As at 31 January 2026	-

Depreciation
As at 1 February 2025	19,431
Disposals	(19,431 )

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	2,813

6. Stocks

	2026	2025
	£	£
Work in progress	-	67,800

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BFE Brays Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	88,486	92,886
Other debtors	155,576	35,531

	244,062	128,417
Due after more than one year
Other debtors	62,868	-

	306,930	128,417

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	4,334	10,979
Other creditors	107,324	96,321
Taxation and social security	73,029	44,023

	184,687	151,323

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	45,003	45,003

10. Other Commitments

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

	2026	2025
	£	£
Not later than one year	1,386	1,109
Later than one year and not later than five years	942	1,331

	2,328	2,440

11. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,360 (PY £1,039) were due to the fund. They are included in Other Creditors.

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BFE Brays Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Laurence Bentley	18,690	10,227	-	-	28,917

The above loan is unsecured, interest free with effect from 6 April 2025 and repayable on demand.

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