Registered Number:03648143 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
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
Broughton & Co. Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
5,267
6,592
3
5,267
6,592
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
100
100
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 |
1 of 3
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. |
9 Second Avenue
Worthing
West Sussex
BN14 9NX
The presentation currency is £ sterling. |
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: |
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
106,800
106,800
106,800
106,800
-
-
2 of 3
For the year ended 31 March 2023
Broughton & Co. Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Equipment
34,323
430
34,753
Provision for depreciation and impairment |
27,731
Charge for year
1,755
29,486
5,267
6,592
4. Trade and other receivables |
2022
2023
35,173
32,491
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
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)
3 of 3