Bradgate Financial Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09004063

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

BRADGATE FINANCIAL SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C S Kind

D W Pierce

REGISTERED OFFICE:

Cedar House

3 Broad Street

Enderby

Leicester

LE19 4AA

REGISTERED NUMBER:

09004063

ACCOUNTANTS:

J Raftery Accountancy

16 Brookes Avenue

Croft

Leicester

Leicestershire

LE9 3GJ

FIXED ASSETS

Tangible assets

4

6,251

89,605

CURRENT ASSETS

Stocks

25,000

18,947

Debtors

5

200

3,086

Cash at bank

118,422

36,833

143,622

58,866

CREDITORS

Amounts falling due within one year

6

89,595

111,240

NET CURRENT ASSETS/(LIABILITIES)

54,027

(52,374

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,278

37,231

CREDITORS

Amounts falling due after more than one year

7

-

(36,305

)

PROVISIONS FOR LIABILITIES

8

(1,188

)

-

NET ASSETS

59,090

926

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

58,990

826

SHAREHOLDERS' FUNDS

59,090

926

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2021 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 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 Board of Directors and authorised for issue on 20 January 2022 and were signed on its behalf by:

D W Pierce - Director

Mrs C S Kind - Director

1.	STATUTORY INFORMATION

Bradgate Financial Solutions Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2020

11,406

129,126

140,532

Additions

1,013

-

1,013

Disposals

-

(129,126

)

(129,126

)

At 30 April 2021

12,419

-

12,419

DEPRECIATION

At 1 May 2020

4,605

46,322

50,927

Charge for year

1,563

-

1,563

Eliminated on disposal

-

(46,322

)

(46,322

)

At 30 April 2021

6,168

-

6,168

NET BOOK VALUE

At 30 April 2021

6,251

-

6,251

At 30 April 2020

6,801

82,804

89,605

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

-

3,086

Prepayments

200

-

200

3,086

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other loans

50,000

-

Hire purchase contracts

-

19,846

Tax

34,576

20,203

Social security and other taxes

3,809

70,101

Pension

290

-

Directors' current accounts

120

130

Accrued expenses

800

960

89,595

111,240

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Hire purchase contracts

-

36,305

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

1,188

-

Deferred

tax

£

Provided during year

1,188

Balance at 30 April 2021

1,188

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

As at the year ended 30 April 2021, there was a balance owed to the directors by the company of £120, (2020 £130). This amount is included within creditors on the balance sheet

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Pierce & Mrs C Kind.