Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueThe principle activity of the company is that of pawn broking.22022-04-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07088570 2022-04-01 2023-03-31 07088570 2021-04-01 2022-03-31 07088570 2023-03-31 07088570 2022-03-31 07088570 1 2022-04-01 2023-03-31 07088570 d:Director1 2022-04-01 2023-03-31 07088570 c:CurrentFinancialInstruments 2023-03-31 07088570 c:CurrentFinancialInstruments 2022-03-31 07088570 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 07088570 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 07088570 c:ShareCapital 2023-03-31 07088570 c:ShareCapital 2022-03-31 07088570 c:SharePremium 2023-03-31 07088570 c:SharePremium 2022-03-31 07088570 c:RetainedEarningsAccumulatedLosses 2023-03-31 07088570 c:RetainedEarningsAccumulatedLosses 2022-03-31 07088570 d:FRS102 2022-04-01 2023-03-31 07088570 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07088570 d:FullAccounts 2022-04-01 2023-03-31 07088570 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07088570 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07088570










BROADWAY JEWELLERS (KENT) LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
BROADWAY JEWELLERS (KENT) LTD
REGISTERED NUMBER: 07088570

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
69,650
82,541

Cash at bank and in hand
  
475,404
324,225

  
545,054
406,766

Creditors: amounts falling due within one year
 6 
(32,673)
(9,121)

Net current assets
  
 
 
512,381
 
 
397,645

Total assets less current liabilities
  
512,381
397,645

  

Net assets
  
512,381
397,645


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
4,000
4,000

Profit and loss account
  
507,381
392,645

  
512,381
397,645


Page 1

 
BROADWAY JEWELLERS (KENT) LTD
REGISTERED NUMBER: 07088570
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 by: 

Mark Antony Sandum
Director

Date: 29 September 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BROADWAY JEWELLERS (KENT) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Broadway Jewellers (Kent) Ltd is a private company limited by shares incorporated in England and Wales The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a break up basis as the company ceased to trade at the end of the financial year. 

 
2.3

Revenue

Turnover represents interest earned in respect of loans that have been fully redeemed in the year.

 
2.4

Interest income

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

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
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.

Page 3

 
BROADWAY JEWELLERS (KENT) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements. 


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Trade debtors
-
42,205

Other debtors
69,650
40,336

69,650
82,541


Page 4

 
BROADWAY JEWELLERS (KENT) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
29,022
-

Other taxation and social security
-
5,470

Other creditors
3,651
3,651

32,673
9,121



7.


Discontinued operations



£


Profit on disposal before tax
-

The net inflow of cash in respect of the sale of Click here to enter entity name is as follows:

£

Net inflow of cash
 
-


8.


Post balance sheet events

The company ceased trading at the end of the financial year. 

 
Page 5