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REGISTERED NUMBER: 09135291 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bronzegate Ltd

Bronzegate Ltd (Registered number: 09135291)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bronzegate Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr A Akbar





REGISTERED OFFICE: Holborn Town Hall
193-197 High Holborn
London
WC1V 7BD





REGISTERED NUMBER: 09135291 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Bronzegate Ltd (Registered number: 09135291)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 30,799 -
Tangible assets 5 6,150 9,431
36,949 9,431

CURRENT ASSETS
Debtors 6 2,344,319 2,146,707
Cash at bank 2,393,634 1,499,532
4,737,953 3,646,239
CREDITORS
Amounts falling due within one year 7 (1,911,212 ) (1,319,047 )
NET CURRENT ASSETS 2,826,741 2,327,192
TOTAL ASSETS LESS CURRENT LIABILITIES 2,863,690 2,336,623

PROVISIONS FOR LIABILITIES (1,538 ) (1,713 )
NET ASSETS 2,862,152 2,334,910

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,862,142 2,334,900
SHAREHOLDERS' FUNDS 2,862,152 2,334,910

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2024 and were signed by:




Mr A Akbar - Director


Bronzegate Ltd (Registered number: 09135291)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bronzegate Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover, which excludes value added tax ("VAT"), constitutes the value of services undertaken by the company from its principal activity, which is recruitment consultancy. Turnover from permanent placements is based on a percentage of the candidate's remuneration package and income is recognised at the start date of the candidate.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

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.


Bronzegate Ltd (Registered number: 09135291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 17 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 31,855
At 31 December 2023 31,855
AMORTISATION
Charge for year 1,056
At 31 December 2023 1,056
NET BOOK VALUE
At 31 December 2023 30,799

Bronzegate Ltd (Registered number: 09135291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 25,792
Additions 3,973
Disposals (9,178 )
At 31 December 2023 20,587
DEPRECIATION
At 1 January 2023 16,361
Charge for year 5,112
Eliminated on disposal (7,036 )
At 31 December 2023 14,437
NET BOOK VALUE
At 31 December 2023 6,150
At 31 December 2022 9,431

Depreciation on furniture and fixtures were calculated at 25% on cost during the year, and 25% on reducing balance in the prior year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,404,366 1,992,204
Other debtors 939,953 154,503
2,344,319 2,146,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 60,793 42,008
Taxation and social security 336,372 523,164
Other creditors 1,514,047 753,875
1,911,212 1,319,047

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 213,900 98,640
Between one and five years 142,600 266,747
356,500 365,387

Bronzegate Ltd (Registered number: 09135291)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

Jemima A Holdings Limited

A company in which Mr A Akbar is a sole shareholder.


31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 850,000 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Akbar.