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REGISTERED NUMBER: 06786866 (England and Wales)














BROADHEAD PEEL RHODES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROADHEAD PEEL RHODES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M R Andrews
S B Hinchcliffe
G P Gruppetta
M J Garrity
M Fenton



REGISTERED OFFICE: Glenewes House
Gate Way Drive
Yeadon
Leeds
West Yorkshire
LS19 7XY



REGISTERED NUMBER: 06786866 (England and Wales)



BANKERS: HSBC Bank Plc
PO Box 105
33 Park Row
Leeds
West Yorkshire
LS1 1LD

BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 383,333 433,333
Tangible assets 5 42,321 26,659
Investments 6 1,003 1,105
426,657 461,097

CURRENT ASSETS
Debtors 7 758,990 780,736
Cash at bank and in hand 45,363 23,374
804,353 804,110
CREDITORS
Amounts falling due within one year 8 486,230 449,401
NET CURRENT ASSETS 318,123 354,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,780

815,806

CREDITORS
Amounts falling due after more than one
year

9

(50,860

)

(95,978

)

PROVISIONS FOR LIABILITIES (6,850 ) (5,300 )
NET ASSETS 687,070 714,528

CAPITAL AND RESERVES
Called up share capital 130,000 130,000
Retained earnings 557,070 584,528
SHAREHOLDERS' FUNDS 687,070 714,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)

BALANCE SHEET - continued
31 JANUARY 2023


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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:




M R Andrews - Director



S B Hinchcliffe - Director


BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Broadhead Peel Rhodes Limited 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.

Presentational currency
The financial statements are presented in pounds sterling rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised in the accounts when the company obtains the right to consideration in exchange for performance and is stated at the net invoice value, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill of £1,000,000 arising on the acquisition of a business in 2010 is being amortised over its estimated useful life of 20 years.

Goodwill of £513,499 arising on the acquisition of a business in 2013 was amortised over its estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Government grants
Government grants received are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

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

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment
At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

Other financial instruments
The company does not have any financial instruments that would not be classed as 'basic'.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 1,513,499
AMORTISATION
At 1 February 2022 1,080,166
Charge for year 50,000
At 31 January 2023 1,130,166
NET BOOK VALUE
At 31 January 2023 383,333
At 31 January 2022 433,333

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 71,495
Additions 28,225
Disposals (1,507 )
At 31 January 2023 98,213
DEPRECIATION
At 1 February 2022 44,836
Charge for year 12,313
Eliminated on disposal (1,257 )
At 31 January 2023 55,892
NET BOOK VALUE
At 31 January 2023 42,321
At 31 January 2022 26,659

BROADHEAD PEEL RHODES LIMITED (REGISTERED NUMBER: 06786866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022 1,105
Disposals (102 )
At 31 January 2023 1,003
NET BOOK VALUE
At 31 January 2023 1,003
At 31 January 2022 1,105

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 520,442 686,757
Amounts owed by group undertakings 158,254 -
Other debtors 80,294 93,979
758,990 780,736

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,317 58,294
Trade creditors 71,962 81,685
Amounts owed to group undertakings 15,467 -
Taxation and social security 215,993 232,930
Other creditors 121,491 76,492
486,230 449,401

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 50,860 95,978

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 61,317 58,294
Other loans - 65,170
61,317 123,464

The bank overdraft is secured by fixed and floating charges over the assets of the company.