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REGISTERED NUMBER: 14014460 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BROKER SOLUTIONS LIMITED

BROKER SOLUTIONS LIMITED (REGISTERED NUMBER: 14014460)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROKER SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs I Allam
Mr J Cramer
Mr C Darbin
Mr D Jeal
Mr D B Parish





REGISTERED OFFICE: 13 Bentalls Business Park
Basildon
Essex
SS14 3BN





REGISTERED NUMBER: 14014460 (England and Wales)






BROKER SOLUTIONS LIMITED (REGISTERED NUMBER: 14014460)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,014 1,923

CURRENT ASSETS
Debtors 5 281,222 146,113
Cash at bank 67,972 101,670
349,194 247,783
CREDITORS
Amounts falling due within one year 6 (341,854 ) (247,553 )
NET CURRENT ASSETS 7,340 230
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,354

2,153

PROVISIONS FOR LIABILITIES (763 ) (365 )
NET ASSETS 10,591 1,788

CAPITAL AND RESERVES
Called up share capital 950 950
Retained earnings 9,641 838
10,591 1,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BROKER SOLUTIONS LIMITED (REGISTERED NUMBER: 14014460)

BALANCE SHEET - continued
31 March 2024


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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




Mr J Cramer - Director



Mr D B Parish - Director


BROKER SOLUTIONS LIMITED (REGISTERED NUMBER: 14014460)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Broker Solutions Limited 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.

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.

Income is derived from the provision of Customs Entry and other ancillary services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

BROKER SOLUTIONS LIMITED (REGISTERED NUMBER: 14014460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,337
Additions 3,255
At 31 March 2024 5,592
DEPRECIATION
At 1 April 2023 414
Charge for year 1,164
At 31 March 2024 1,578
NET BOOK VALUE
At 31 March 2024 4,014
At 31 March 2023 1,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,465 18,192
Other debtors 259,757 127,921
281,222 146,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 53,809 38,588
Taxation and social security 5,424 4,692
Other creditors 282,621 204,273
341,854 247,553

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 27,579 -

BROKER SOLUTIONS LIMITED (REGISTERED NUMBER: 14014460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

The company does not have any single controlling party.

During the year, Broker Solutions Ltd made sales of £529,357 (2023 £352,850 to I F E Global Logistics (UK) Ltd, a company registered in England and Wales and in which company directors Mr J Cramer and Mr D Parish are also directors and shareholders. At balance sheet date, there was a loan balance owed to I F E Global Logistics (UK) Ltd £50,663 by the company (2023 £107,149). There was no trading balance owed by IFE Global Logistics(UK) Ltd to the company. In addition I F E Global Logistics (UK) Ltd rendered management charges of £12,000 (2023 £6,000) to the company.

During the year, Broker Solutions Ltd made sales of £4,143 to IFE Global Logistics (London) Ltd, a company registered in England and Wales and in which company directors Mr J Cramer and Mr D Parish are also directors and shareholders though a holding company.There was no net trading balance as at the balance sheet date.

During the year, a subsidiary undertaking, Broker Solutions Ltd, invoiced costs of £171,161 to Gravitas Worldwide Ltd, a company registered in England and Wales and in which company directors Mr J Cramer and Mr D Parish are also directors and shareholders through a holding company. There was no net trading balance as at the balance sheet date.