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REGISTERED NUMBER: 02971715















BROADWAY FINANCIAL PLANNING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BROADWAY FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02971715)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BROADWAY FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs K M Carter





SECRETARY: N Carter





REGISTERED OFFICE: Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 02971715





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

BROADWAY FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02971715)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,671 3,129

CURRENT ASSETS
Debtors 5 53,881 62,757
Cash at bank and in hand 139,394 174,431
193,275 237,188
CREDITORS
Amounts falling due within one year 6 65,286 63,700
NET CURRENT ASSETS 127,989 173,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,660

176,617

PROVISIONS FOR LIABILITIES 1,059 593
NET ASSETS 132,601 176,024

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 52 52
Other reserves 25 25
Retained earnings 132,473 175,896
SHAREHOLDERS' FUNDS 132,601 176,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BROADWAY FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02971715)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 18 April 2024 and were signed by:





Mrs K M Carter - Director


BROADWAY FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02971715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Broadway Financial Planning LTD is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover comprises all commissions and fee income earned during the period.

In the case of commissions received directly from insurance companies, credit is taken upon notification.

The company does not earn commission on an indemnity basis and therefore no provision is made for the claw back of commissions earned.

Fee income comprises amounts earned from individual clients during the year and is accounted for an an accruals basis.

All turnover arose within the United Kingdom.

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% per annum on cost

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.

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.

BROADWAY FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02971715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 21,658
Additions 5,914
Disposals (16,156 )
At 31 December 2023 11,416
DEPRECIATION
At 1 January 2023 18,529
Charge for year 2,854
Eliminated on disposal (15,638 )
At 31 December 2023 5,745
NET BOOK VALUE
At 31 December 2023 5,671
At 31 December 2022 3,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 695 13,958
Amounts recoverable on contract 46,278 46,972
Prepayments and accrued income 6,908 1,827
53,881 62,757

BROADWAY FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02971715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,822 6,710
Corporation tax 53,730 49,121
Social security and other taxes 6,284 4,419
Accruals and deferred income 3,450 3,450
65,286 63,700

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K M Carter.