Silverfin false false 30/06/2023 01/07/2022 30/06/2023 M D Pratt 27/09/2013 I M Pratt 27/09/2013 02 October 2023 The principal activity of the company during the period was that of supply and installation of awnings, blinds and shutters. 08709016 2023-06-30 08709016 bus:Director1 2023-06-30 08709016 bus:Director2 2023-06-30 08709016 2022-06-30 08709016 core:CurrentFinancialInstruments 2023-06-30 08709016 core:CurrentFinancialInstruments 2022-06-30 08709016 core:Non-currentFinancialInstruments 2023-06-30 08709016 core:Non-currentFinancialInstruments 2022-06-30 08709016 core:ShareCapital 2023-06-30 08709016 core:ShareCapital 2022-06-30 08709016 core:RetainedEarningsAccumulatedLosses 2023-06-30 08709016 core:RetainedEarningsAccumulatedLosses 2022-06-30 08709016 core:Goodwill 2022-06-30 08709016 core:Goodwill 2023-06-30 08709016 core:LandBuildings 2022-06-30 08709016 core:PlantMachinery 2022-06-30 08709016 core:Vehicles 2022-06-30 08709016 core:FurnitureFittings 2022-06-30 08709016 core:OfficeEquipment 2022-06-30 08709016 core:OtherPropertyPlantEquipment 2022-06-30 08709016 core:LandBuildings 2023-06-30 08709016 core:PlantMachinery 2023-06-30 08709016 core:Vehicles 2023-06-30 08709016 core:FurnitureFittings 2023-06-30 08709016 core:OfficeEquipment 2023-06-30 08709016 core:OtherPropertyPlantEquipment 2023-06-30 08709016 2022-07-01 2023-06-30 08709016 bus:FilletedAccounts 2022-07-01 2023-06-30 08709016 bus:SmallEntities 2022-07-01 2023-06-30 08709016 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08709016 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08709016 bus:Director1 2022-07-01 2023-06-30 08709016 bus:Director2 2022-07-01 2023-06-30 08709016 core:Goodwill core:TopRangeValue 2022-07-01 2023-06-30 08709016 core:Goodwill 2022-07-01 2023-06-30 08709016 core:LandBuildings core:TopRangeValue 2022-07-01 2023-06-30 08709016 core:PlantMachinery core:TopRangeValue 2022-07-01 2023-06-30 08709016 core:Vehicles core:BottomRangeValue 2022-07-01 2023-06-30 08709016 core:Vehicles core:TopRangeValue 2022-07-01 2023-06-30 08709016 core:FurnitureFittings core:TopRangeValue 2022-07-01 2023-06-30 08709016 core:OfficeEquipment core:TopRangeValue 2022-07-01 2023-06-30 08709016 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 08709016 2021-07-01 2022-06-30 08709016 core:LandBuildings 2022-07-01 2023-06-30 08709016 core:PlantMachinery 2022-07-01 2023-06-30 08709016 core:Vehicles 2022-07-01 2023-06-30 08709016 core:FurnitureFittings 2022-07-01 2023-06-30 08709016 core:OfficeEquipment 2022-07-01 2023-06-30 08709016 core:Non-currentFinancialInstruments 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 08709016 (England and Wales)

BROADVIEW SHADING SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

BROADVIEW SHADING SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

BROADVIEW SHADING SOLUTIONS LTD

BALANCE SHEET

As at 30 June 2023
BROADVIEW SHADING SOLUTIONS LTD

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 8,540 20,712
Tangible assets 4 290,770 492,776
299,310 513,488
Current assets
Stocks 5 354,730 385,858
Debtors 6 308,553 225,786
Cash at bank and in hand 847,253 888,766
1,510,536 1,500,410
Creditors: amounts falling due within one year 7 ( 1,262,440) ( 1,445,282)
Net current assets 248,096 55,128
Total assets less current liabilities 547,406 568,616
Creditors: amounts falling due after more than one year 8 ( 19,888) ( 107,254)
Provision for liabilities ( 29,479) ( 13,793)
Net assets 498,039 447,569
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 497,039 446,569
Total shareholders' funds 498,039 447,569

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Broadview Shading Solutions Ltd (registered number: 08709016) were approved and authorised for issue by the Board of Directors on 02 October 2023. They were signed on its behalf by:

M D Pratt
Director
BROADVIEW SHADING SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
BROADVIEW SHADING SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Broadview Shading Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 57 Hatch Pond Road, Nuffield Industrial Estate, , Poole, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 20 years straight line
depreciated over the life of the lease
Plant and machinery 4 years straight line
Vehicles 2 - 4 years straight line
Fixtures and fittings 2 years straight line
Office equipment 2 years straight line
Other property, plant and equipment 50 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 37 38

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2022 121,720 121,720
At 30 June 2023 121,720 121,720
Accumulated amortisation
At 01 July 2022 101,008 101,008
Charge for the financial year 12,172 12,172
At 30 June 2023 113,180 113,180
Net book value
At 30 June 2023 8,540 8,540
At 30 June 2022 20,712 20,712

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Other property, plant
and equipment
Total
£ £ £ £ £ £ £
Cost
At 01 July 2022 373,180 28,737 164,621 2,379 38,970 22,959 630,846
Additions 3,448 440 81,602 994 4,139 10,628 101,251
Disposals ( 205,267) 0 ( 54,027) 0 0 ( 5,899) ( 265,193)
At 30 June 2023 171,361 29,177 192,196 3,373 43,109 27,688 466,904
Accumulated depreciation
At 01 July 2022 6,314 28,696 56,173 1,806 28,138 16,943 138,070
Charge for the financial year 9,408 102 44,321 717 9,370 4,052 67,970
Disposals 0 0 ( 24,008) 0 0 ( 5,898) ( 29,906)
At 30 June 2023 15,722 28,798 76,486 2,523 37,508 15,097 176,134
Net book value
At 30 June 2023 155,639 379 115,710 850 5,601 12,591 290,770
At 30 June 2022 366,866 41 108,448 573 10,832 6,016 492,776

5. Stocks

2023 2022
£ £
Stocks 248,599 240,398
Work in progress 104,374 143,703
Finished goods 1,757 1,757
354,730 385,858

6. Debtors

2023 2022
£ £
Trade debtors 181,646 147,527
Other debtors 126,907 78,259
308,553 225,786

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,038 10,648
Trade creditors 899,727 1,043,942
Corporation tax 76,881 110,199
Other taxation and social security 212,281 256,802
Other creditors 63,513 23,691
1,262,440 1,445,282

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 19,888 78,210
Other creditors 0 29,044
19,888 107,254

There are no amounts included above in respect of which any security has been given by the small entity.

9. Financial commitments

Commitments

2023 2022
£ £
Total future minimum lease payments under non-cancellable operating lease 72,971 76,971