Bradley Rhodes Limited - Accounts to registrar (filleted) - small 18.2

Bradley Rhodes Limited - Accounts to registrar (filleted) - small 18.2

BRADLEY RHODES LIMITED - Company Information

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REGISTERED NUMBER: 03957497 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

BRADLEY RHODES LIMITED
BRADLEY RHODES LIMITED (REGISTERED NUMBER: 03957497)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRADLEY RHODES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2020







DIRECTORS: D A Rhodes
Mrs J K Cresswell



SECRETARY: A E Rhodes



REGISTERED OFFICE: Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



REGISTERED NUMBER: 03957497 (England and Wales)



ACCOUNTANTS: Bradley Rhodes Limited
Accountants & Tax Advisers
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



BANKERS: Lloyds Bank plc
PO Box 46
The Bridge
Walsall
West Midlands
WS1 1LU
Page 1
BRADLEY RHODES LIMITED (REGISTERED NUMBER: 03957497)

ABRIDGED BALANCE SHEET
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,873 27,708

CURRENT ASSETS
Stocks 64,901 75,566
Debtors 159,089 184,527
Cash at bank and in hand 38,124 50,329
262,114 310,422
CREDITORS
Amounts falling due within one year 183,222 203,536
NET CURRENT ASSETS 78,892 106,886
TOTAL ASSETS LESS CURRENT
LIABILITIES
157,765
134,594

CREDITORS
Amounts falling due after more than one
year
(21,513
)
(29,326
)

PROVISIONS FOR LIABILITIES (12,668 ) (2,558 )
NET ASSETS 123,584 102,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,484 102,610
SHAREHOLDERS' FUNDS 123,584 102,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
BRADLEY RHODES LIMITED (REGISTERED NUMBER: 03957497)

ABRIDGED BALANCE SHEET - continued
31 March 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2020 and were
signed on its behalf by:




Mrs J K Cresswell - Director



D A Rhodes - Director


The notes form part of these financial statements

Page 3
BRADLEY RHODES LIMITED (REGISTERED NUMBER: 03957497)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Bradley Rhodes Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at sales price in accordance with Financial Reporting Standard 5. This is in line with
previous years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Page 4 continued...
BRADLEY RHODES LIMITED (REGISTERED NUMBER: 03957497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 70,213
Additions 59,146
Disposals (7,645 )
At 31 March 2020 121,714
DEPRECIATION
At 1 April 2019 42,505
Charge for year 6,510
Eliminated on disposal (6,174 )
At 31 March 2020 42,841
NET BOOK VALUE
At 31 March 2020 78,873
At 31 March 2019 27,708

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2019 28,375
Additions 57,850
At 31 March 2020 86,225
DEPRECIATION
At 1 April 2019
and 31 March 2020 12,742
NET BOOK VALUE
At 31 March 2020 73,483
At 31 March 2019 15,633

Page 5