2022-04-01 03648143 2023-03-31 03648143 2022-04-01 2023-03-31 03648143 2022-03-31 03648143 2021-04-01 2022-03-31 03648143 uk-core:WithinOneYear 2022-03-31 03648143 uk-core:WithinOneYear 2023-03-31 03648143 uk-core:ShareCapital 2023-03-31 03648143 uk-core:ShareCapital 2022-03-31 03648143 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 03648143 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 03648143 uk-bus:Director1 2022-04-01 2023-03-31 03648143 uk-core:NetGoodwill 2022-04-01 2023-03-31 03648143 uk-core:ToolsEquipment 2022-04-01 2023-03-31 03648143 uk-core:Goodwill 2022-03-31 03648143 uk-core:Goodwill 2023-03-31 iso4217:GBP xbrli:pure 03648143 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03648143 uk-bus:FRS102 2022-04-01 2023-03-31 03648143 uk-bus:FullAccounts 2022-04-01 2023-03-31 03648143 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Broughton & Co. Limited
Registered Number:03648143
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Broughton & Co. Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03648143
As at 31 March 2023
Broughton & Co. Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,267
6,592
3
5,267
6,592
Current assets
Trade and other receivables
43,925
48,867
4
303,923
Cash and cash equivalents
386,875
435,742
347,848
Trade and other payables: amounts falling due within one
year
(45,162)
(65,403)
5
302,686
370,339
Net current assets
Total assets less current liabilities
375,606
309,278
(1,317)
(1,252)
Provisions for liabilities
374,289
Net assets
308,026
Capital and reserves
Called up share capital
100
100
Retained earnings
374,189
307,926
374,289
308,026
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven Broughton Director
These financial statements were approved and authorised for issue by the Board on 30 September 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Broughton & Co. Limited
Notes to the Financial Statements
Statutory Information
Broughton & Co. Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03648143.
Registered address:
9 Second Avenue
Worthing
West Sussex
BN14 9NX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
106,800
At 31 March 2023
106,800
Amortisation
At 01 April 2022
106,800
At 31 March 2023
106,800
Net book value
At 31 March 2023
-
At 31 March 2022
-
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5
For the year ended 31 March 2023
Broughton & Co. Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Equipment
£
Cost or
valuation
At 01 April 2022
34,323
430
Additions
At 31 March 2023
34,753
Provision for depreciation and impairment
At 01 April 2022
27,731
Charge for year
1,755
At 31 March 2023
29,486
At 31 March 2023
Net book value
5,267
At 31 March 2022
6,592
4. Trade and other receivables
2022
2023
£
£
Trade debtors
35,173
32,491
Other debtors
13,694
11,434
43,925
48,867
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
47,056
26,856
Other creditors
18,347
18,306
65,403
45,162
6. Related party transactions
During the year ended 31 March 2023, Mr S Broughton, together with members of his close family, controlled the
company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.
During the year the company paid rent to Mr S Broughton & Mrs A Broughton of £2,678 (2022- £2,543). The
transactions were made on a normal trading basis.
7. Average number of persons employed
During the year the average number of employees was 6 (2022 : 6)
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