for the Period Ended 30 June 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2023
Principal activities of the company
Additional information
Dividends and results The Company made a loss for the year of £35 (2021: £nil). The Director does not recommend the payment of a dividend for the period (2021: £nil). Directors The Director who served the Company during the period and to the date of this report was as follows: Andrew Woolley Going concern In April 2023, Brady Credit Holding Ltd, a subsidiary of the Company, was struck off. On 30 November 2023, the Company sold its investment in Brady Credit Trading Ltd to its immediate parent company, Brady Technologies Ltd. Proceedings to wind up the remaining subsidiary company, Energy Credit Software Services Pte Ltd, will commence in the near future. Once divestment of all investments has concluded, the director will apply for the Company to be struck off. In these circumstances, it is not appropriate to prepare the financial statements on a going concern basis. After considering the impact of not adopting the going concern basis, the Director has determined that it is appropriate to apply consistent accounting policies as those applied in previous periods. Qualifying third party indemnity provisions The Company has entered into qualifying third party indemnity arrangements for the benefit of the Company and its Director in a form and scope that comply with the requirements of the Companies Act 2006. The arrangements in place were in force throughout the year and remain in force. Statement of Director’s responsibilities The Director is responsible for preparing the Director’s Report and the financial statements in accordance with applicable law and regulations. Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare financial statements in accordance with United Kingdom Accounting Standards including FRS 101 “Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice). Under company law the Director must not approve the accounts unless they are satisfied that they give a true and fair view of Brady Credit Limited Financial statements for the 18-month period ending 30 June 2023 the state of affairs and profit or loss of the Company for that year. In preparing these financial statements, the Director is required to: - select suitable accounting policies and then apply them consistently; - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards has been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provision This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies
Directors
The director shown below has held office during the whole of the period from
1 January 2022 to 30 June 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
18 months to 30 June 2023 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | | |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 18 months to 30 June 2023 | 2021 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | | | |
Provision for liabilities: | | | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | | |
Other reserves: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2023
Basis of measurement and preparation
Other accounting policies
for the Period Ended 30 June 2023
18 months to 30 June 2023 | 2021 | |
---|---|---|
Average number of employees during the period | | |