Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-11-01The company's principal activity for the period was that of joinery installation.falsefalse99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02865217 2022-11-01 2023-11-30 02865217 2021-11-01 2022-10-31 02865217 2023-11-30 02865217 2022-10-31 02865217 c:Director4 2022-11-01 2023-11-30 02865217 d:Buildings d:ShortLeaseholdAssets 2022-11-01 2023-11-30 02865217 d:Buildings d:ShortLeaseholdAssets 2023-11-30 02865217 d:Buildings d:ShortLeaseholdAssets 2022-10-31 02865217 d:PlantMachinery 2022-11-01 2023-11-30 02865217 d:PlantMachinery 2023-11-30 02865217 d:PlantMachinery 2022-10-31 02865217 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-11-30 02865217 d:MotorVehicles 2023-11-30 02865217 d:MotorVehicles 2022-10-31 02865217 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-11-30 02865217 d:FurnitureFittings 2022-11-01 2023-11-30 02865217 d:FurnitureFittings 2023-11-30 02865217 d:FurnitureFittings 2022-10-31 02865217 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-11-30 02865217 d:OfficeEquipment 2022-11-01 2023-11-30 02865217 d:ComputerEquipment 2022-11-01 2023-11-30 02865217 d:ComputerEquipment 2023-11-30 02865217 d:ComputerEquipment 2022-10-31 02865217 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-11-30 02865217 d:OwnedOrFreeholdAssets 2022-11-01 2023-11-30 02865217 d:CurrentFinancialInstruments 2023-11-30 02865217 d:CurrentFinancialInstruments 2022-10-31 02865217 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02865217 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02865217 d:ShareCapital 2023-11-30 02865217 d:ShareCapital 2022-10-31 02865217 d:RetainedEarningsAccumulatedLosses 2023-11-30 02865217 d:RetainedEarningsAccumulatedLosses 2022-10-31 02865217 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 02865217 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 02865217 c:FRS102 2022-11-01 2023-11-30 02865217 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-11-30 02865217 c:FullAccounts 2022-11-01 2023-11-30 02865217 c:PrivateLimitedCompanyLtd 2022-11-01 2023-11-30 02865217 2 2022-11-01 2023-11-30 02865217 e:PoundSterling 2022-11-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 02865217










BROADLEAF JOINERY (OXFORD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
BROADLEAF JOINERY (OXFORD) LIMITED
REGISTERED NUMBER: 02865217

BALANCE SHEET
AS AT 30 NOVEMBER 2023

30 November
31 October
2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
8,271
11,082

  
8,271
11,082

Current assets
  

Stocks
  
26,356
25,814

Debtors: amounts falling due within one year
 5 
80,541
255,579

Cash at bank and in hand
 6 
88,062
131,630

  
194,959
413,023

Creditors: amounts falling due within one year
 7 
(75,300)
(118,389)

Net current assets
  
 
 
119,659
 
 
294,634

Total assets less current liabilities
  
127,930
305,716

  

Net assets
  
127,930
305,716


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
127,920
305,706

  
127,930
305,716


Page 1

 
BROADLEAF JOINERY (OXFORD) LIMITED
REGISTERED NUMBER: 02865217
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr N J Watts
Director
Date: 16 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Broadleaf Joinery (Oxford) Limited is a private company limited by shares, incorporated in the United Kingdom, registered in England and Wales. The registered office is Unit 6 Camp Industrial Estate, Rycote Lane Milton Common, Thame, Oxfordshire, OX9 2NP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Page 3

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold land and buildings
-
4%
Plant and equipment
-
25%
Fixtures and fittings
-
15%
Office equipment
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 9 (2022 - 9).



4.


Tangible fixed assets









S/Term Leasehold Property
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 November 2022
40,161
109,143
38,244
6,649
9,236



At 30 November 2023

40,161
109,143
38,244
6,649
9,236



Depreciation


At 1 November 2022
40,161
108,568
29,425
6,649
7,546


Charge for the period on owned assets
-
309
2,205
-
299



At 30 November 2023

40,161
108,877
31,630
6,649
7,845



Net book value



At 30 November 2023
-
266
6,614
-
1,391



At 31 October 2022
-
575
8,818
-
1,689
Page 6

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 November 2022
203,433



At 30 November 2023

203,433



Depreciation


At 1 November 2022
192,349


Charge for the period on owned assets
2,813



At 30 November 2023

195,162



Net book value



At 30 November 2023
8,271



At 31 October 2022
11,082


5.


Debtors

30 November
31 October
2023
2022
£
£


Trade debtors
56,753
241,276

Other debtors
5,857
5,857

Prepayments and accrued income
17,931
8,446

80,541
255,579


Page 7

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Cash and cash equivalents

30 November
31 October
2023
2022
£
£

Cash at bank and in hand
88,062
131,630

88,062
131,630



7.


Creditors: Amounts falling due within one year

30 November
31 October
2023
2022
£
£

Trade creditors
22,574
14,157

Corporation tax
-
48,022

Other taxation and social security
49,051
52,535

Accruals and deferred income
3,675
3,675

75,300
118,389



8.


Financial instruments

30 November
31 October
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
88,063
131,628




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.


9.


Related party transactions

The following transactions were undertaken with Broadleaf Construction (Oxford) Limited, a company which Mrs BJ Watts has a 50% share. Broadleaf Joinery invoiced Broadleaf Construction a total of £29,177 for materials during the year.

Page 8

 
BROADLEAF JOINERY (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

10.


Controlling party

No party has overall control of the company by virtue of their shareholdings.

 
Page 9