H_BRADLEY_&_SONS_(PRODUCE

H BRADLEY & SONS (PRODUCE) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

H BRADLEY & SONS (PRODUCE) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

£

Fixed assets

Intangible assets

2

1,188

1,585

Tangible assets

2

1,024,560

953,637

Investments

2

24,067

1,049,815

979,289

Current assets

Stocks

203,112

169,786

Debtors

109,035

106,238

Cash at bank and in hand

200

223

312,347

276,247

Creditors: amounts falling due within one year

(209,411)

(212,777)

Net current assets

102,936

63,470

Total assets less current liabilities

1,152,751

1,042,759

Creditors: amounts falling due after more than one year

(22,931)

-

Provisions for liabilities

(68,132)

(60,258)

1,061,688

982,501

Capital and reserves

Called up share capital

4

10,668

Other reserves

5,332

Profit and loss account

1,045,688

966,501

Shareholders' funds

1,061,688

982,501

H BRADLEY & SONS (PRODUCE) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

-

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

-

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 April 2017

R G Bradley

R P Bradley

Director

Company Registration No. 00566885

H BRADLEY & SONS (PRODUCE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

1

Accounting policies

1.9

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.10

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.11

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Turnover is recognised when the goods are physically delivered to the customer, or for services, it is recognised as the service is performed.

1.12

Research and development

1.13

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Straight line over fifty years

Plant and machinery

12.5% to 25% per annum straight line

Fixtures, fittings & equipment

10% per annum of net book value

Motor vehicles

25% per annum of net book value

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.14

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.15

Stock

Stock is valued at the lower of cost and net realisable value.

1.16

Pensions

The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRSSE (April 2008).

H BRADLEY & SONS (PRODUCE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

1

Accounting policies

(Continued)

- 4 -

1.17

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2

Fixed assets

Intangible assets

Tangible assets

Investments

Total

£

Cost

At 1 August 2015

3,962

1,442,071

24,067

1,470,100

Additions

-

139,201

-

139,201

Disposals

-

(57,000)

-

(57,000)

At 31 July 2016

3,962

1,524,272

24,067

1,552,301

Depreciation

At 1 August 2015

2,377

488,434

-

490,811

On disposals

-

(35,318)

-

(35,318)

Charge for the year

397

46,596

-

46,993

At 31 July 2016

2,774

499,712

-

502,486

Net book value

At 31 July 2016

1,188

1,024,560

24,067

1,049,815

At 31 July 2015

1,585

953,637

24,067

979,289

1

Accounting policies

1.18

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.19

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.20

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Turnover is recognised when the goods are physically delivered to the customer, or for services, it is recognised as the service is performed.

H BRADLEY & SONS (PRODUCE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

1

Accounting policies

(Continued)

- 5 -

1.21

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Straight line over fifty years

Plant and machinery

12.5% to 25% per annum straight line

Fixtures, fittings & equipment

10% per annum of net book value

Motor vehicles

25% per annum of net book value

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.22

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.23

Stock

Stock is valued at the lower of cost and net realisable value.

1.24

Pensions

The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRSSE (April 2008).

1.25

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

4

Share capital

2016

2015

£

Allotted, called up and fully paid

5,334 Ordinary shares of £1 each

5,334

5,334 'A' Ordinary non-voting shares of £1 each

5,334

10,668

H_BRADLEY_&_SONS_(PRODUCE - Accounts

H_BRADLEY_&_SONS_(PRODUCE - Accounts