Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseRetail sale of sports goods, fishing gear, camping goods, boats and bicycles203falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13208323 2022-04-01 2023-03-31 13208323 2021-04-01 2022-03-31 13208323 2023-03-31 13208323 2022-03-31 13208323 c:Director1 2022-04-01 2023-03-31 13208323 c:Director1 2023-03-31 13208323 c:Director2 2022-04-01 2023-03-31 13208323 c:Director2 2023-03-31 13208323 c:Director3 2022-04-01 2023-03-31 13208323 c:Director3 2023-03-31 13208323 c:RegisteredOffice 2022-04-01 2023-03-31 13208323 d:PlantMachinery 2022-04-01 2023-03-31 13208323 d:PlantMachinery 2023-03-31 13208323 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13208323 d:MotorVehicles 2022-04-01 2023-03-31 13208323 d:MotorVehicles 2023-03-31 13208323 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13208323 d:FurnitureFittings 2022-04-01 2023-03-31 13208323 d:FurnitureFittings 2023-03-31 13208323 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13208323 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13208323 d:CurrentFinancialInstruments 2023-03-31 13208323 d:CurrentFinancialInstruments 2022-03-31 13208323 d:Non-currentFinancialInstruments 2023-03-31 13208323 d:Non-currentFinancialInstruments 2022-03-31 13208323 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13208323 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13208323 d:ShareCapital 2023-03-31 13208323 d:ShareCapital 2022-03-31 13208323 d:RetainedEarningsAccumulatedLosses 2023-03-31 13208323 d:RetainedEarningsAccumulatedLosses 2022-03-31 13208323 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 13208323 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 13208323 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13208323 c:OrdinaryShareClass1 2023-03-31 13208323 c:OrdinaryShareClass1 2022-03-31 13208323 c:FRS102 2022-04-01 2023-03-31 13208323 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13208323 c:FullAccounts 2022-04-01 2023-03-31 13208323 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13208323










JRS BROADLAND LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
JRS BROADLAND LTD
 
 
COMPANY INFORMATION


Directors
Ross Mitchell (appointed 17 February 2021)
James Hancock (appointed 17 February 2021)
Stephen Brooks (appointed 17 February 2021)




Registered number
13208323



Registered office
Level 3
207 Regent Street

London

W1B 3HH





 
JRS BROADLAND LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
JRS BROADLAND LTD
REGISTERED NUMBER: 13208323

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
785,019
-

  
785,019
-

Current assets
  

Stocks
  
261,346
281,709

Debtors: amounts falling due after more than one year
 5 
3,750
3,750

Debtors: amounts falling due within one year
 5 
7,578
2,020

Cash at bank and in hand
 6 
66,190
19,827

  
338,864
307,306

Creditors: amounts falling due within one year
 7 
(846,776)
(308,064)

Net current liabilities
  
 
 
(507,912)
 
 
(758)

Total assets less current liabilities
  
277,107
(758)

  

Net assets/(liabilities)
  
277,107
(758)


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
276,807
(1,058)

  
277,107
(758)


Page 1

 
JRS BROADLAND LTD
REGISTERED NUMBER: 13208323
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 year 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 18 September 2023.




Ross Mitchell
Stephen Brooks
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JRS BROADLAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit G Hornbeam Road, Hornbeam Industrial Estate, North Walsham, Norfolk, England, NR28 0FX.
The company's principal activity is that of Retail sale of sports goods, fishing gear, camping goods, boats and bicycles.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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 3

 
JRS BROADLAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
20%
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
JRS BROADLAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


Additions
852,621
110,000
30,882
993,503


Disposals
-
(12,222)
-
(12,222)



At 31 March 2023

852,621
97,778
30,882
981,281



Depreciation


Charge for the year on owned assets
170,525
19,560
6,177
196,262



At 31 March 2023

170,525
19,560
6,177
196,262



Net book value



At 31 March 2023
682,096
78,218
24,705
785,019


5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
3,750
3,750

3,750
3,750


2023
2022
£
£
Page 5

 
JRS BROADLAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.Debtors (continued)


Due within one year

Other debtors
30
618

Called up share capital not paid
270
-

Prepayments and accrued income
7,278
1,402

7,578
2,020



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
66,190
19,827

66,190
19,827



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
54,510
287,464

Other taxation and social security
38,394
-

Other creditors
751,922
20,000

Accruals and deferred income
1,950
600

846,776
308,064



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
66,190
19,827




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.


9.


Share capital

Page 6

 
JRS BROADLAND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
£
£
Allotted, called up and fully paid



300 (2022 - 300) Ordinary Shares shares of £1.00 each
300
300



10.


Pension commitments

 
Page 7