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REGISTERED NUMBER: 04676206 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

M E Broadstone Limited

M E Broadstone Limited (Registered number: 04676206)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M E Broadstone Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr Martyn John Essam





SECRETARY: Mrs Janet Mary Essam





REGISTERED OFFICE: Unit 24 Ventura Place
24 Ventura Place
Upton Industrial Estate
Poole
Dorset
BH16 5SW





REGISTERED NUMBER: 04676206 (England and Wales)





ACCOUNTANTS: Birkett & Co Ltd
186b Lower Blandford Road
Broadstone
Dorset
BH18 8DP

M E Broadstone Limited (Registered number: 04676206)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,910 7,438
3,910 7,438

CURRENT ASSETS
Debtors 6 96,527 76,921
Cash at bank and in hand 277,999 261,521
374,526 338,442
CREDITORS
Amounts falling due within one year 7 (47,406 ) (44,025 )
NET CURRENT ASSETS 327,120 294,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,030

301,855

PROVISIONS FOR LIABILITIES (978 ) (1,414 )
NET ASSETS 330,052 300,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,952 300,341
SHAREHOLDERS' FUNDS 330,052 300,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

M E Broadstone Limited (Registered number: 04676206)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 3 April 2024 and were signed by:




Mr Martyn John Essam - Director



Mrs Lynne Marie White - Director


M E Broadstone Limited (Registered number: 04676206)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

M E Broadstone 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.

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over
the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities
of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost
and is subsequently measured at cost less accumulated amortisation and accumulated impairment
losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each
reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a
reliable estimate of the useful life cannot be made.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

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.

M E Broadstone Limited (Registered number: 04676206)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023
and 29 February 2024 10,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 57,711
Additions 427
At 29 February 2024 58,138
DEPRECIATION
At 1 March 2023 50,273
Charge for year 3,955
At 29 February 2024 54,228
NET BOOK VALUE
At 29 February 2024 3,910
At 28 February 2023 7,438

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,346 73,060
Other debtors 4,181 3,861
96,527 76,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,710 24,112
Taxation and social security 22,770 16,416
Other creditors 3,926 3,497
47,406 44,025