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Company Registration No. 12100093 (England and Wales)
Broski Furniture Ltd Unaudited accounts for the year ended 31 July 2024
Broski Furniture Ltd Unaudited accounts Contents
Page
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Broski Furniture Ltd Company Information for the year ended 31 July 2024
Director
Mr O Odemis
Company Number
12100093 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JT England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Broski Furniture Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,985 
37,701 
Current assets
Inventories
57,950 
68,000 
Debtors
148,221 
88,510 
Cash at bank and in hand
4,791 
12,012 
210,962 
168,522 
Creditors: amounts falling due within one year
(344,595)
(310,437)
Net current liabilities
(133,633)
(141,915)
Net liabilities
(96,648)
(104,214)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(96,748)
(104,314)
Shareholders' funds
(96,648)
(104,214)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2024 and were signed on its behalf by
Mr O Odemis Director Company Registration No. 12100093
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Broski Furniture Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Broski Furniture Ltd is a private company, limited by shares, registered in England and Wales, registration number 12100093. The registered office is 214 Baker Street, Enfield, EN1 3JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% - reducing balance method
Fixtures & fittings
18% - reducing balance method
Computer equipment
18% - reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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Broski Furniture Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
34,167 
19,719 
3,150 
57,036 
Additions
- 
7,935 
- 
7,935 
At 31 July 2024
34,167 
27,654 
3,150 
64,971 
Depreciation
At 1 August 2023
12,300 
5,538 
1,497 
19,335 
Charge for the year
4,373 
3,981 
297 
8,651 
At 31 July 2024
16,673 
9,519 
1,794 
27,986 
Net book value
At 31 July 2024
17,494 
18,135 
1,356 
36,985 
At 31 July 2023
21,867 
14,181 
1,653 
37,701 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,289 
Other debtors
148,221 
87,221 
148,221 
88,510 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
37,365 
22,803 
Taxes and social security
807 
- 
Other creditors
19,959 
- 
Loans from directors
286,464 
285,834 
Accruals
- 
1,800 
344,595 
310,437 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included within other creditors is an amount of £286,464 (2023: £285,834) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 5 (2023: 7).
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