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

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

PR BRADLEY LIMITED - Company Information

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REGISTERED NUMBER: 06329718 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

PR BRADLEY LIMITED
PR BRADLEY LIMITED (REGISTERED NUMBER: 06329718)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PR BRADLEY LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2020







DIRECTOR: P R Bradley





SECRETARY: JT Bradley





REGISTERED OFFICE: 19 Montpelier Avenue
Bexley
Kent
DA5 3AP





REGISTERED NUMBER: 06329718 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP
Page 1
PR BRADLEY LIMITED (REGISTERED NUMBER: 06329718)

BALANCE SHEET
31 July 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 260 346

CURRENT ASSETS
Debtors 5 13,000 20,211
Cash at bank 61,673 18,185
74,673 38,396
CREDITORS
Amounts falling due within one year 6 (55,633 ) (20,184 )
NET CURRENT ASSETS 19,040 18,212
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,300
18,558

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,200 18,458
SHAREHOLDERS' FUNDS 19,300 18,558

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

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

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

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

The financial statements were approved by the director and authorised for issue on 27 January 2021 and were signed by:





P R Bradley - Director


The notes form part of these financial statements

Page 2
PR BRADLEY LIMITED (REGISTERED NUMBER: 06329718)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2020

1. STATUTORY INFORMATION

PR Bradley 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
PR BRADLEY LIMITED (REGISTERED NUMBER: 06329718)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2019
and 31 July 2020 5,674
DEPRECIATION
At 1 August 2019 5,328
Charge for year 86
At 31 July 2020 5,414
NET BOOK VALUE
At 31 July 2020 260
At 31 July 2019 346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 4,122
Other debtors 13,000 13,000
Directors' current accounts - 3,089
13,000 20,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 30,000 -
Trade creditors 2,452 6,056
Tax 17,500 10,269
VAT 305 2,364
Directors' current accounts 3,881 -
Accrued expenses 1,495 1,495
55,633 20,184

Page 4 continued...
PR BRADLEY LIMITED (REGISTERED NUMBER: 06329718)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2020

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

2020 2019
£    £   
P R Bradley
Balance outstanding at start of year 3,089 -
Amounts advanced 25,504 43,089
Amounts repaid (32,474 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,881 ) 3,089

Page 5