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REGISTERED NUMBER: 01761714 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Bromakin Limited

Bromakin Limited (Registered number: 01761714)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bromakin Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S J Asher
R Wickham





REGISTERED OFFICE: 12 Prince William Road
Loughborough
Leicestershire
LE11 5GU





REGISTERED NUMBER: 01761714 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

Bromakin Limited (Registered number: 01761714)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,091 59,212

CURRENT ASSETS
Stocks 5 63,202 53,290
Debtors 6 72,243 120,912
Cash at bank and in hand 217,506 192,616
352,951 366,818
CREDITORS
Amounts falling due within one year 7 268,559 323,318
NET CURRENT ASSETS 84,392 43,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,483

102,712

PROVISIONS FOR LIABILITIES 8 26,789 11,250
NET ASSETS 158,694 91,462

CAPITAL AND RESERVES
Called up share capital 9 11,880 11,880
Share premium 32,560 32,560
Retained earnings 114,254 47,022
SHAREHOLDERS' FUNDS 158,694 91,462

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

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

Bromakin Limited (Registered number: 01761714)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:




S J Asher - Director



R Wickham - Director


Bromakin Limited (Registered number: 01761714)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Bromakin 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.
Improvements to property - Straight line basis over life of lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

Bromakin Limited (Registered number: 01761714)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 6,569 62,522 104,740 29,271 203,102
Additions - - 101,533 - 101,533
Disposals - - (67,490 ) - (67,490 )
At 30 November 2023 6,569 62,522 138,783 29,271 237,145
DEPRECIATION
At 1 December 2022 6,569 58,245 50,336 28,740 143,890
Charge for year - 643 32,368 176 33,187
Eliminated on disposal - - (41,023 ) - (41,023 )
At 30 November 2023 6,569 58,888 41,681 28,916 136,054
NET BOOK VALUE
At 30 November 2023 - 3,634 97,102 355 101,091
At 30 November 2022 - 4,277 54,404 531 59,212

5. STOCKS
30.11.23 30.11.22
£    £   
Raw materials 17,834 18,763
Work-in-progress 22,700 12,000
Goods for resale & components 22,668 22,527
63,202 53,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 34,337 78,918
VAT 33,173 36,245
Prepayments 4,733 5,749
72,243 120,912

Bromakin Limited (Registered number: 01761714)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Payments on account - 87,946
Trade creditors 160,339 155,364
Tax 53,388 31,317
Social security and other taxes 5,287 4,873
Pension creditor 1,501 1,472
Credit card accounts 2,790 5,762
Accrued expenses 45,254 36,584
268,559 323,318

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
On excess capital allowances 26,789 11,250

Deferred
tax
£   
Balance at 1 December 2022 11,250
Excess capital allowances 15,539
Balance at 30 November 2023 26,789

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,188,000 Ordinary £0.01 11,880 11,880

10. OTHER FINANCIAL COMMITMENTS

The company has future property operating lease commitments of £16,500 per year to 31 March 2026 and £20,000 per year to 28 February 2028.