Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true22022-07-12falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14230031 2022-07-11 14230031 2022-07-12 2023-07-31 14230031 2021-07-12 2022-07-11 14230031 2023-07-31 14230031 c:Director1 2022-07-12 2023-07-31 14230031 d:CurrentFinancialInstruments 2023-07-31 14230031 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14230031 d:ShareCapital 2023-07-31 14230031 d:RetainedEarningsAccumulatedLosses 2023-07-31 14230031 c:OrdinaryShareClass1 2022-07-12 2023-07-31 14230031 c:OrdinaryShareClass1 2023-07-31 14230031 c:OrdinaryShareClass2 2022-07-12 2023-07-31 14230031 c:OrdinaryShareClass2 2023-07-31 14230031 c:OrdinaryShareClass3 2022-07-12 2023-07-31 14230031 c:OrdinaryShareClass3 2023-07-31 14230031 c:FRS102 2022-07-12 2023-07-31 14230031 c:AuditExempt-NoAccountantsReport 2022-07-12 2023-07-31 14230031 c:FullAccounts 2022-07-12 2023-07-31 14230031 c:PrivateLimitedCompanyLtd 2022-07-12 2023-07-31 14230031 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-12 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14230031









BROADWAY ADVISORS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2023

 
BROADWAY ADVISORS LTD
REGISTERED NUMBER: 14230031

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,666

Cash at bank and in hand
  
23,175

  
26,841

Creditors: amounts falling due within one year
  
(10,049)

Net current assets
  
 
 
16,792

Total assets less current liabilities
  
16,792

  

Net assets
  
16,792


Capital and reserves
  

Share capital
  
100

Profit and loss account
  
16,692

  
16,792


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 period 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 profit and loss account 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 on 19 September 2023.




A D Smith
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BROADWAY ADVISORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

The company is a United Kingdom company limited by shares. It is incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, NR13 4DJ.
The company's principal activity is the provision of consultancy services. The principal place of business is Latimer, Buckinghamshire. 

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
BROADWAY ADVISORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2023
£


Trade debtors
3,500

Prepayments and accrued income
166

3,666


Page 3

 
BROADWAY ADVISORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
4,106

Other creditors
3,854

Accruals and deferred income
2,089

10,049



6.


Share capital

2023
£
Allotted, called up and fully paid


70 'A' ordinary shares of £1.00 each
70
20 'B' ordinary shares of £1.00 each
20
10 'C' ordinary shares of £1.00 each
10

100


During the year 70 'A' ordinary, 20 'B' ordinary and 10 'C' ordinary £1 shares were issued at par.


7.


Related party transactions

As at 31 July 2023 the company owed the directors £3,854.

 
Page 4