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REGISTERED NUMBER: 05034188 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

BROMHAM ROAD NEWS - COST CUTTERS LIMITED

BROMHAM ROAD NEWS - COST CUTTERS LIMITED (REGISTERED NUMBER: 05034188)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BROMHAM ROAD NEWS - COST CUTTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: S I Patel
Mrs D S Patel





SECRETARY: S I Patel





REGISTERED OFFICE: 106 Bromham Road
Bedford
Bedfordshire
MK40 2QH





REGISTERED NUMBER: 05034188 (England and Wales)





ACCOUNTANTS: M C Patel & Co
Chartered Accountants
Hillingdon House
386/388 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP

BROMHAM ROAD NEWS - COST CUTTERS LIMITED (REGISTERED NUMBER: 05034188)

ABRIDGED BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,831 45,831
Tangible assets 5 181,410 182,136
227,241 227,967

CURRENT ASSETS
Stocks 50,070 68,795
Debtors 7,000 7,000
Cash at bank 82,211 117,842
139,281 193,637
CREDITORS
Amounts falling due within one year 91,079 90,538
NET CURRENT ASSETS 48,202 103,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,443

331,066

CREDITORS
Amounts falling due after more than one
year

24,979

35,000
NET ASSETS 250,464 296,066

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,364 295,966
SHAREHOLDERS' FUNDS 250,464 296,066

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

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

BROMHAM ROAD NEWS - COST CUTTERS LIMITED (REGISTERED NUMBER: 05034188)

ABRIDGED BALANCE SHEET - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9th April 2024 and were signed on its behalf by:





S I Patel - Director


BROMHAM ROAD NEWS - COST CUTTERS LIMITED (REGISTERED NUMBER: 05034188)

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

1. STATUTORY INFORMATION

Bromham Road News - Cost Cutters 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2022
and 30th November 2023 400,000
AMORTISATION
At 1st December 2022
and 30th November 2023 354,169
NET BOOK VALUE

At 30th November 2023 45,831
At 30th November 2022 45,831

BROMHAM ROAD NEWS - COST CUTTERS LIMITED (REGISTERED NUMBER: 05034188)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2022 242,913
Additions 439
At 30th November 2023 243,352
DEPRECIATION
At 1st December 2022 60,777
Charge for year 1,165
At 30th November 2023 61,942
NET BOOK VALUE
At 30th November 2023 181,410
At 30th November 2022 182,136