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REGISTERED NUMBER: SC588546 (Scotland)









BROKER ONE LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






BROKER ONE LTD. (REGISTERED NUMBER: SC588546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BROKER ONE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: G Reid
R Nicol
J O Cooper





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
Lanarkshire
G3 7SL





REGISTERED NUMBER: SC588546 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BROKER ONE LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Broker One Ltd. for the year ended 30th April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Broker One Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Broker One Ltd. and state those matters that we have agreed to state to the Board of Directors of Broker One Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Broker One Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Broker One Ltd.. You consider that Broker One Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Broker One Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


Date: .............................................

BROKER ONE LTD. (REGISTERED NUMBER: SC588546)

BALANCE SHEET
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 358 597
Tangible assets 5 5,288 5,462
5,646 6,059

CURRENT ASSETS
Debtors 6 90,578 66,311
Cash at bank and in hand 71,833 75,164
162,411 141,475
CREDITORS
Amounts falling due within one year 7 154,074 30,139
NET CURRENT ASSETS 8,337 111,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,983

117,395

CREDITORS
Amounts falling due after more than one
year

8

34,259

159,815
NET LIABILITIES (20,276 ) (42,420 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings (21,276 ) (43,420 )
SHAREHOLDERS' FUNDS (20,276 ) (42,420 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

BROKER ONE LTD. (REGISTERED NUMBER: SC588546)

BALANCE SHEET - continued
30TH APRIL 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 30th November 2023 and were signed on its behalf by:





G Reid - Director


BROKER ONE LTD. (REGISTERED NUMBER: SC588546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Broker One Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis which the directors believe to be appropriate. At 30th April 2023 the company had net liabilities of £20,276 (2022 - £42,420) and included in creditors at 30th April 2023 is a balance of £123,181 (2022 - £123,471) due to the directors.

Turnover
The turnover shown in the profit and loss account represents commission receivable for the period, exclusive of Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:

Leasehold improvements-20% straight line
Fixtures and fittings -25% straight line
Computer equipment -20% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


BROKER ONE LTD. (REGISTERED NUMBER: SC588546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1st May 2022
and 30th April 2023 1,195
AMORTISATION
At 1st May 2022 598
Amortisation for year 239
At 30th April 2023 837
NET BOOK VALUE
At 30th April 2023 358
At 30th April 2022 597

BROKER ONE LTD. (REGISTERED NUMBER: SC588546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1st May 2022 2,414 2,749 11,209 16,372
Additions - - 2,517 2,517
Disposals 2,414 - - 2,414
At 30th April 2023 4,828 2,749 13,726 21,303
DEPRECIATION
At 1st May 2022 1,926 1,448 7,536 10,910
Charge for year 488 411 1,792 2,691
Eliminated on disposal 2,414 - - 2,414
At 30th April 2023 4,828 1,859 9,328 16,015
NET BOOK VALUE
At 30th April 2023 - 890 4,398 5,288
At 30th April 2022 488 1,301 3,673 5,462

6. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Other debtors 89,786 65,519

Amounts falling due after more than one year:
Other debtors 792 792

Aggregate amounts 90,578 66,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts (see note 9) 5,555 5,555
Taxation and social security 13,657 10,824
Other creditors 134,862 13,760
154,074 30,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 9) 34,259 39,815
Other creditors - 120,000
34,259 159,815

BROKER ONE LTD. (REGISTERED NUMBER: SC588546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.23 30.4.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 12,038 17,594

9. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,555 5,555

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,555 5,555

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,666 16,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 12,038 17,594

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
425 'A' Ordinary £1 425 425
150 'B' Ordinary £1 150 150
425 'C' Ordinary £1 425 425
1,000 1,000

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £5,830.

12. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £123,181 (2022 - £123,471) owed to the directors. This amount accrues interest at 7.5% per annum above the Bank of England Base rate.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.