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REGISTERED NUMBER: 07961607 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BROADSWORD MANAGEMENT SERVICES LIMITED

BROADSWORD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07961607)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROADSWORD MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: P Granville
M L J Granville





REGISTERED OFFICE: Yew Tree Cottage
60 Station Road
Brize Norton, Carterton
Oxfordshire
OX18 3QA





REGISTERED NUMBER: 07961607 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

BROADSWORD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07961607)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,644 67,796

CURRENT ASSETS
Debtors 5 70,845 96,711
Cash at bank 328,696 235,852
399,541 332,563
CREDITORS
Amounts falling due within one year 6 93,492 81,830
NET CURRENT ASSETS 306,049 250,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,693

318,529

PROVISIONS FOR LIABILITIES 7 12,190 12,796
NET ASSETS 357,503 305,733

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 357,353 305,583
SHAREHOLDERS' FUNDS 357,503 305,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BROADSWORD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07961607)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





M L J Granville - Director


BROADSWORD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07961607)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Broadsword Management 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Equipment - 25% on reducing balance
Furniture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BROADSWORD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07961607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant & Furniture Motor Computer
Equipment & Fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 7,165 3,382 146,878 2,930 160,355
Additions 21,792 - - - 21,792
Disposals (2,165 ) - (12,793 ) - (14,958 )
At 28 February 2023 26,792 3,382 134,085 2,930 167,189
DEPRECIATION
At 1 March 2022 4,898 1,870 83,539 2,252 92,559
Charge for year 5,843 377 14,821 170 21,211
Eliminated on disposal (1,480 ) - (8,745 ) - (10,225 )
At 28 February 2023 9,261 2,247 89,615 2,422 103,545
NET BOOK VALUE
At 28 February 2023 17,531 1,135 44,470 508 63,644
At 28 February 2022 2,267 1,512 63,339 678 67,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 70,845 96,130
Directors' Loan Account - 581
70,845 96,711

BROADSWORD MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07961607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,956
Trade Creditors 786 11,676
Tax 32,299 22,941
Social Security & Other Taxes 608 820
VAT 12,082 32,816
Other creditors 121 121
Directors' Loan Account 46,096 -
Accrued Expenses 1,500 9,500
93,492 81,830

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred Tax 12,190 12,796

Deferred
tax
£   
Balance at 1 March 2022 12,796
Provided during year (606 )
Balance at 28 February 2023 12,190

8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
105 A Ordinary £1 105 105
25 B Ordinary £1 25 25
20 C Ordinary £1 20 20
150 150