Company registration number 05291640 (England and Wales)
BRODEN LLOYD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BRODEN LLOYD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BRODEN LLOYD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
18,684
20,161
Current assets
Client bank account
129,834
121,944
Debtors
5
2,707
3,677
Cash at bank and in hand
5,684
9,185
138,225
134,806
Creditors: amounts falling due within one year
6
(137,425)
(131,063)
Net current assets
800
3,743
Net assets
19,484
23,904
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
19,482
23,902
Total equity
19,484
23,904

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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

The financial statements were approved by the board of directors and authorised for issue on 11 October 2023 and are signed on its behalf by:
Mrs E Clarke
Director
Company Registration No. 05291640
BRODEN LLOYD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Broden Lloyd Limited is a private company limited by shares incorporated in England and Wales. The registered office is 21-23 Gisburn Road, Barrowford, Lancashire, BB9 8NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directortrue is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for estate agent services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the tax currently payable.

BRODEN LLOYD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
50,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
50,000
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2022
54,076
Additions
1,808
At 31 March 2023
55,884
Depreciation and impairment
At 1 April 2022
33,915
Depreciation charged in the year
3,285
At 31 March 2023
37,200
Carrying amount
At 31 March 2023
18,684
At 31 March 2022
20,161
BRODEN LLOYD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
1,199
PAYE refund due
666
321
Prepayments and accrued income
2,041
2,157
2,707
3,677
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
3,268
Owed to clients
129,834
121,944
Corporation tax
2,624
-
0
Other taxation and social security
2,286
2,519
Other creditors
421
1,566
Accruals and deferred income
2,260
1,766
137,425
131,063

Other creditors comprise director's loan account of £110 (2022 - £1,566).

7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary 'A' shares of £1 each
2
2
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