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REGISTERED NUMBER: 05423795 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Broadway Building Contractors(Oldham)Ltd

Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Broadway Building Contractors(Oldham)Ltd

Company Information
for the Year Ended 30 April 2022







DIRECTOR: Mr R Kenworthy





REGISTERED OFFICE: 317 Rochdale Road
Royton
Oldham
Lancashire
OL2 5SN





REGISTERED NUMBER: 05423795 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)

Statement of Financial Position
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,923 7,159

CURRENT ASSETS
Inventories 5 3,248 2,940
Debtors 6 9,362 5,707
Cash at bank 63,137 54,862
75,747 63,509
CREDITORS
Amounts falling due within one year 7 49,653 46,469
NET CURRENT ASSETS 26,094 17,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,017

24,199

CREDITORS
Amounts falling due after more than
one year

8

(21,000

)

(21,000

)

PROVISIONS FOR LIABILITIES 9 (1,301 ) (1,360 )
NET ASSETS 10,716 1,839

Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)

Statement of Financial Position - continued
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 10,616 1,739
SHAREHOLDERS' FUNDS 10,716 1,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 12 August 2022 and were signed by:





Mr R Kenworthy - Director


Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Broadway Building Contractors(Oldham)Ltd 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
Revenue 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 and 15% on reducing balance
Computer equipment - 15% on reducing balance

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 inventories 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 statement of financial position date.


Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2021 15,827 833 16,660
Additions 744 759 1,503
At 30 April 2022 16,571 1,592 18,163
DEPRECIATION
At 1 May 2021 9,470 31 9,501
Charge for year 1,465 274 1,739
At 30 April 2022 10,935 305 11,240
NET BOOK VALUE
At 30 April 2022 5,636 1,287 6,923
At 30 April 2021 6,357 802 7,159

Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. INVENTORIES
30.4.22 30.4.21
£    £   
Work-in-progress 3,248 2,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.22 30.4.21
£    £   
Trade debtors 5,724 4,320
VAT 2,798 70
Prepayments 840 1,317
9,362 5,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.22 30.4.21
£    £   
Trade creditors 7,496 986
Tax 9,334 3,490
Social security and other taxes 1,332 (704 )
Other creditors 17,341 18,470
Directors' loan accounts 12,856 22,977
Accrued expenses 1,294 1,250
49,653 46,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.4.22 30.4.21
£    £   
Other creditors 21,000 21,000

9. PROVISIONS FOR LIABILITIES
30.4.22 30.4.21
£    £   
Deferred tax 1,301 1,360

Broadway Building Contractors(Oldham)Ltd (Registered number: 05423795)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2021 1,360
Provided during year (59 )
Balance at 30 April 2022 1,301

10. RESERVES
Retained
earnings
£   

At 1 May 2021 1,739
Profit for the year 38,877
Dividends (30,000 )
At 30 April 2022 10,616