Registered number
05599047
Broadland Consultants Ltd
Filleted Accounts
31 December 2023
Broadland Consultants Ltd
Registered number: 05599047
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,718 12,724
Current assets
Debtors 4 283,257 406,477
Cash at bank and in hand 564,919 448,013
848,176 854,490
Creditors: amounts falling due within one year 5 (107,522) (107,350)
Net current assets 740,654 747,140
Total assets less current liabilities 750,372 759,864
Creditors: amounts falling due after more than one year 6 (15,661) (25,780)
Net assets 734,711 734,084
Capital and reserves
Called up share capital 1,150 1,150
Profit and loss account 733,561 732,934
Shareholders' funds 734,711 734,084
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gilvey
Director
Approved by the board on 15 August 2024
Broadland Consultants Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised when the service has been provided and commission is received.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 31,341
Additions 1,913
At 31 December 2023 33,254
Depreciation
At 1 January 2023 18,617
Charge for the year 4,919
At 31 December 2023 23,536
Net book value
At 31 December 2023 9,718
At 31 December 2022 12,724
4 Debtors 2023 2022
£ £
Trade debtors 26,481 37,695
Other debtors 256,776 368,782
283,257 406,477
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,119 9,870
Trade creditors 2,437 2,139
Taxation and social security costs 48,506 63,653
Other creditors 46,460 31,688
107,522 107,350
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,661 25,780
7 Other information
Broadland Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
38 High Street
Watton
Norfolk
IP25 6AE
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