ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Caseware UK (AP4) 2022.0.179 2022.0.179 1No description of principal activityfalse2021-09-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12818670 2021-09-01 2022-04-30 12818670 2020-08-17 2021-08-31 12818670 2022-04-30 12818670 2021-08-31 12818670 c:Director1 2021-09-01 2022-04-30 12818670 d:CurrentFinancialInstruments 2022-04-30 12818670 d:CurrentFinancialInstruments 2021-08-31 12818670 d:Non-currentFinancialInstruments 2022-04-30 12818670 d:Non-currentFinancialInstruments 2021-08-31 12818670 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 12818670 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 12818670 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 12818670 d:Non-currentFinancialInstruments d:AfterOneYear 2021-08-31 12818670 d:ShareCapital 2022-04-30 12818670 d:ShareCapital 2021-08-31 12818670 d:RetainedEarningsAccumulatedLosses 2022-04-30 12818670 d:RetainedEarningsAccumulatedLosses 2021-08-31 12818670 c:OrdinaryShareClass1 2021-09-01 2022-04-30 12818670 c:OrdinaryShareClass1 2022-04-30 12818670 c:OrdinaryShareClass1 2021-08-31 12818670 c:FRS102 2021-09-01 2022-04-30 12818670 c:AuditExemptWithAccountantsReport 2021-09-01 2022-04-30 12818670 c:FullAccounts 2021-09-01 2022-04-30 12818670 c:PrivateLimitedCompanyLtd 2021-09-01 2022-04-30 12818670 2 2021-09-01 2022-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12818670

Bradyll Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the period ended 30 April 2022

Bradyll Ltd

Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Bradyll Ltd for the period ended 30 April 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bradyll Ltd for the period ended 30 April 2022 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Bradyll Ltd in accordance with the terms of our engagement letter dated 7 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Bradyll Ltd and state those matters that we have agreed to state to the director of Bradyll Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bradyll Ltd and its director for our work or for this report.

It is your duty to ensure that Bradyll Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bradyll Ltd. You consider that Bradyll Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Bradyll Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Chartered Accountants

Canterbury

27 April 2023

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Bradyll Ltd

Registered number: 12818670

Balance sheet

As at 30 April 2022

	30 April	As restated 31 August
	2022	2021
Note	£	£


Current assets
Stocks		136,872		136,872
Debtors		6,822,525		1,036,667
Cash at bank and in hand		11		1
		6,959,408		1,173,540
Creditors: amounts falling due within one year	4	(146,342)		(141,077)
Net current assets			6,813,066		1,032,463
Total assets less current liabilities			6,813,066		1,032,463
Creditors: amounts falling due after more than one year			(6,837,897)		(1,057,070)

Net liabilities			(24,831)		(24,607)

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(24,832)	(24,608)
		(24,831)	(24,607)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 April 2023.

K C Howes

Director

The notes on pages 4 to 6 form part of these financial statements.

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Bradyll Ltd

Registered number: 12818670

Balance sheet (continued)

As at 30 April 2022

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Bradyll Ltd

Notes to the financial statements

For the period ended 30 April 2022

1.	General information

Bradyll Ltd is a limited company incorporated in England and Wales with registration number 12818670. The address of the registered office is Bramling House, Bramling, Canterbury, England, CT3 1NB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

Whilst the impact of the COVID-19 pandemic has been assessed by the directors, so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcomes on the company's trade, its customers and sliers. However, taking into consideration the UK Government's response and the company's planning, the directors have a reasonable expecation that the company will continue in operational existence for the forseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Bradyll Ltd

Notes to the financial statements

For the period ended 30 April 2022

2.Accounting policies (continued)

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).

Trade creditors	23	23
Other creditors	139,119	139,054
Accruals and deferred income	7,200	2,000
	146,342	141,077

Other creditors	6,837,897	1,057,070
	6,837,897	1,057,070

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Bradyll Ltd

Notes to the financial statements

For the period ended 30 April 2022

Allotted, called up and fully paid

1 (2021 - 1) Ordinary share of £1.00	1	1

7.	Prior year adjustment

During the year the director became aware of the following misstatement in the financial statements for the period ended 31 August 2021;
Stock
In the previous period, it was noted that the purchase of four properties had been excluded from within the financial statements. The purchase of four properties has been recognised with a value of £136,872 and the liability for the purchase has been offset against the other creditor.

8.	Related party transactions
	All related party transactions during the current period were made under normal market conditions.

9.	Controlling party

The ultimate controlling party is Mr K C Howes by virtue of his 100% shareholding.

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