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REGISTERED NUMBER: 05042836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bromac Machining Services Limited

Bromac Machining Services Limited (Registered number: 05042836)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bromac Machining Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S P Brown





SECRETARY: M P Brown





REGISTERED OFFICE: 146 Beachcroft Road
Wall Heath
Kingswinford
West Midlands
DY6 0HT





REGISTERED NUMBER: 05042836 (England and Wales)






Bromac Machining Services Limited (Registered number: 05042836)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,818 26,960

CURRENT ASSETS
Stocks 1,290 1,515
Debtors 5 6,478 26,264
Cash at bank 38,752 63,671
46,520 91,450
CREDITORS
Amounts falling due within one year 6 21,877 52,729
NET CURRENT ASSETS 24,643 38,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,461

65,681

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 47,460 65,680
47,461 65,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





S P Brown - Director


Bromac Machining Services Limited (Registered number: 05042836)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Bromac Machining Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Bromac Machining Services Limited (Registered number: 05042836)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 79,636
Additions 1,618
At 31 March 2023 81,254
DEPRECIATION
At 1 April 2022 52,676
Charge for year 5,760
At 31 March 2023 58,436
NET BOOK VALUE
At 31 March 2023 22,818
At 31 March 2022 26,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,478 26,264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 240 30,999
Taxation and social security 2,985 6,688
Other creditors 18,652 15,042
21,877 52,729