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REGISTERED NUMBER: 07800812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022

FOR

AUSTIN BROADY ASSOCIATES LIMITED

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2022










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AUSTIN BROADY ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2022







DIRECTOR: Mr M Broady





REGISTERED OFFICE: Millgate
58 The Hill
Sandbach
Cheshire
CW11 1HT





REGISTERED NUMBER: 07800812 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AUSTIN BROADY ASSOCIATES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KJG
100 Barbirolli Square
Manchester
M2 3BD


27th October 2023

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

BALANCE SHEET
31st October 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,167 2,300

CURRENT ASSETS
Debtors 5 803,770 473,912
Cash at bank 1,307 42,836
805,077 516,748
CREDITORS
Amounts falling due within one year 6 (547,082 ) (280,072 )
NET CURRENT ASSETS 257,995 236,676
TOTAL ASSETS LESS CURRENT LIABILITIES 261,162 238,976

CREDITORS
Amounts falling due after more than one year 7 (82,733 ) (103,626 )
NET ASSETS 178,429 135,350

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 178,419 135,340
178,429 135,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

BALANCE SHEET - continued
31st October 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th October 2023 and were signed by:





Mr M Broady - Director


AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2022


1. STATUTORY INFORMATION

Austin Broady Associates Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07800812. The address of the registered office and principal place of business is Millgate, 58 The Hill, Sandbach, Cheshire, CW11 1HT.

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 is generated from supplying and servicing air conditioning.

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. Turnover is recognised when the goods are supplied to the customer.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2021 3,137
Additions 1,886
At 31st October 2022 5,023
DEPRECIATION
At 1st November 2021 837
Charge for year 1,019
At 31st October 2022 1,856
NET BOOK VALUE
At 31st October 2022 3,167
At 31st October 2021 2,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 582,355 348,212
Other debtors 221,415 125,700
803,770 473,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 40,421 41,701
Trade creditors 449,274 143,385
Taxation and social security 52,720 86,308
Other creditors 4,667 8,678
547,082 280,072

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 82,733 103,626

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2022


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan owing to the directors of £1,092 (2021: £9,870 other debtors). This loan is interest free and has no set repayment date.