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REGISTERED NUMBER: 07167909 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 April 2024

for

Bromhead Ltd

Bromhead Ltd (Registered number: 07167909)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bromhead Ltd

Company Information
For The Year Ended 30 April 2024







DIRECTORS: J A Groves
N Stevens
Mrs M L Cameron
Mrs G L Redmond





REGISTERED OFFICE: Harscombe House
1 Darklake View
Estover
Plymouth
Devon
PL6 7TL





REGISTERED NUMBER: 07167909 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Bromhead Ltd (Registered number: 07167909)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 341,697 398,646
Tangible assets 5 54,392 58,188
396,089 456,834

CURRENT ASSETS
Work in progress 135,360 169,953
Debtors 6 336,179 388,401
Cash at bank and in hand 346,224 243,664
817,763 802,018
CREDITORS
Amounts falling due within one year 7 655,473 737,260
NET CURRENT ASSETS 162,290 64,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,379

521,592

CREDITORS
Amounts falling due after more than one
year

8

(248,355

)

(78,256

)

PROVISIONS FOR LIABILITIES (13,598 ) (14,547 )
NET ASSETS 296,426 428,789

CAPITAL AND RESERVES
Called up share capital 694 820
Capital redemption reserve 9 506 380
Retained earnings 9 295,226 427,589
SHAREHOLDERS' FUNDS 296,426 428,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Bromhead Ltd (Registered number: 07167909)

Balance Sheet - continued
30 April 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 6 September 2024 and were signed on its behalf by:




J A Groves - Director N Stevens - Director




Mrs M L Cameron - Director Mrs G L Redmond - Director


Bromhead Ltd (Registered number: 07167909)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bromhead 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.

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 the value of services rendered during the year to the extent that there is a right to the consideration and is recorded at the value of the consideration due excluding VAT and discounts.

Where payments are received from customers in advance of services provided, the amounts are recorded as creditors due within one year as they are refundable to the client.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in April 2010, is being amortised evenly over its estimated useful economic life of twenty years.

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.

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 - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost or net realisable value. The value of work in progress is recorded as a proportion of employee time allocated.

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.

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 41 (2023 - 44 ) .

Bromhead Ltd (Registered number: 07167909)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,445,587
AMORTISATION
At 1 May 2023 1,046,941
Charge for year 56,949
At 30 April 2024 1,103,890
NET BOOK VALUE
At 30 April 2024 341,697
At 30 April 2023 398,646

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 214,645
Additions 11,795
At 30 April 2024 226,440
DEPRECIATION
At 1 May 2023 156,457
Charge for year 15,591
At 30 April 2024 172,048
NET BOOK VALUE
At 30 April 2024 54,392
At 30 April 2023 58,188

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 261,226 293,207
Other debtors 74,953 95,194
336,179 388,401

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 33,225 18,251
Trade creditors 227,248 242,323
Taxation and social security 211,297 151,887
Other creditors 183,703 324,799
655,473 737,260

Bromhead Ltd (Registered number: 07167909)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 174,702 78,256
Other creditors 73,653 -
248,355 78,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years 70,968 24,418

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 427,589 380 427,969
Profit for the year 269,413 269,413
Dividends (245,166 ) (245,166 )
Purchase of own shares (156,610 ) 126 (156,484 )
At 30 April 2024 295,226 506 295,732