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REGISTERED NUMBER: 01379882 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BROUGHTONS OF LEICESTER LIMITED

BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

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


BROUGHTONS OF LEICESTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr RG Broughton
Mrs EL Allcock
Mr JC Allcock





REGISTERED OFFICE: The Old Cinema
69 Cropston Road
Anstey
Leicester
Leicestershire
LE7 7BP





REGISTERED NUMBER: 01379882 (England and Wales)

BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,250 -
Tangible assets 5 126,871 121,963
134,121 121,963

CURRENT ASSETS
Stocks 538,675 495,111
Debtors 6 44,437 158,404
Cash at bank and in hand 218,975 252,091
802,087 905,606
CREDITORS
Amounts falling due within one year 7 424,946 441,618
NET CURRENT ASSETS 377,141 463,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,262

585,951

PROVISIONS FOR LIABILITIES 8 31,228 16,667
NET ASSETS 480,034 569,284

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 479,034 568,284
SHAREHOLDERS' FUNDS 480,034 569,284

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.

BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

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 23 August 2023 and were signed on its behalf by:





Mrs EL Allcock - Director


BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

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


1. STATUTORY INFORMATION

Broughtons of Leicester 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised at the point goods are dispatched.

The turnover and profit before taxation are attributable to the one principal activity of the company.

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 - Straight line over the period of lease
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

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.


BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

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


2. ACCOUNTING POLICIES - continued
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 payable under operating leases are charged against income on a straight line basis over the lease term.

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 the profit and loss account in the period to which they relate.

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.

Creditors
Short term trade 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.

Government grants
During the previous year the company received monies under the Coronavirus Job Retention Scheme. The amounts received are included within the accounts on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 7,250
At 31 January 2023 7,250
NET BOOK VALUE
At 31 January 2023 7,250

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 144,052 230,516 7,000 78,834 460,402
Additions - 9,161 19,520 1,069 29,750
Disposals - - (7,000 ) - (7,000 )
At 31 January 2023 144,052 239,677 19,520 79,903 483,152
DEPRECIATION
At 1 February 2022 107,859 158,928 5,757 65,895 338,439
Charge for year 7,123 11,985 718 4,083 23,909
Eliminated on disposal - - (6,067 ) - (6,067 )
At 31 January 2023 114,982 170,913 408 69,978 356,281
NET BOOK VALUE
At 31 January 2023 29,070 68,764 19,112 9,925 126,871
At 31 January 2022 36,193 71,588 1,243 12,939 121,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,666 20,930
Amounts owed by group undertakings - 106,458
Other debtors 35,771 31,016
44,437 158,404

BROUGHTONS OF LEICESTER LIMITED (REGISTERED NUMBER: 01379882)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 75,398 90,423
Trade creditors 168,099 141,166
Amounts owed to group undertakings 8,869 -
Taxation and social security 143,557 182,631
Other creditors 29,023 27,398
424,946 441,618

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 31,228 16,667

Deferred
tax
£   
Balance at 1 February 2022 16,667
Movement for year 14,561
Balance at 31 January 2023 31,228

9. RELATED PARTY DISCLOSURES

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.