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REGISTERED NUMBER: 07800812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AUSTIN BROADY ASSOCIATES LIMITED

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUSTIN BROADY ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: Mr Mark Broady





REGISTERED OFFICE: Millgate
58 The Hill
Sandbach
Cheshire
CW11 1HT





REGISTERED NUMBER: 07800812 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,911 3,167

CURRENT ASSETS
Debtors 5 672,802 803,770
Cash at bank 23,009 1,307
695,811 805,077
CREDITORS
Amounts falling due within one year 6 420,387 547,082
NET CURRENT ASSETS 275,424 257,995
TOTAL ASSETS LESS CURRENT LIABILITIES 277,335 261,162

CREDITORS
Amounts falling due after more than one year 7 50,668 82,733
NET ASSETS 226,667 178,429

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 226,657 178,419
SHAREHOLDERS' FUNDS 226,667 178,429

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr Mark Broady - Director


AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Austin Broady Associates Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07800812. The address of the registered office and principal place of business is Millgate, 58 The Hill, Sandbach, Cheshire, CW11 1HT.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the design, supply and project management of the installation of air conditioning and ventilation systems in commercial environments.

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

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer Equipments - 25% on cost

At each balance sheet date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

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

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 5,023
DEPRECIATION
At 1 November 2022 1,856
Charge for year 1,256
At 31 October 2023 3,112
NET BOOK VALUE
At 31 October 2023 1,911
At 31 October 2022 3,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 496,142 582,355
Other debtors 85,489 132,284
VAT 16,685 64,136
Prepayments and accrued income 74,486 24,995
672,802 803,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 35,120 40,421
Trade creditors 321,720 449,274
Tax 43,699 35,781
Social security and other taxes 15,701 16,939
Other creditors 146 -
Directors' current accounts 41 1,092
Accrued expenses 3,960 3,575
420,387 547,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 50,668 82,733

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 35,120 40,421

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


8. LOANS - continued
31.10.23 31.10.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 35,376 40,671

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,292 42,062

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
10 Ordinary shares 1 10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan owing to the directors of £41 (2022: £1,092). This loan is interest free and has no set repayment date.