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REGISTERED NUMBER: OC437540 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

FOR

BROMWICH HARDY LLP

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 June 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROMWICH HARDY LLP

GENERAL INFORMATION
for the period 1 June 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr W T Bromwich
Mr F E Bromwich





REGISTERED OFFICE: 1 The Cobalt Centre
Siskin Parkway East
Middlemarch Business Park
Coventry
West Midlands
CV3 4PE





REGISTERED NUMBER: OC437540 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400,000 400,000
Tangible assets 5 128,021 82,123
528,021 482,123

CURRENT ASSETS
Debtors 6 90,968 137,597
Cash at bank and in hand 91,134 169,690
182,102 307,287
CREDITORS
Amounts falling due within one year 7 316,952 332,020
NET CURRENT LIABILITIES (134,850 ) (24,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,171

457,390

CREDITORS
Amounts falling due after more than one
year

8

(54,582

)

(159,067

)

ACCRUALS AND DEFERRED INCOME (24,628 ) (21,915 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

313,961

276,408

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

313,961

276,408

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 313,961 276,408

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

BALANCE SHEET - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 September 2024 and were signed by:





Mr W T Bromwich - Designated member

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 June 2023 to 31 March 2024


1. STATUTORY INFORMATION

Bromwich Hardy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Goodwill
Due to the nature of the business, the goodwill is regarded as being held below market value and has therefore not been amortised.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 March 2024 400,000
NET BOOK VALUE
At 31 March 2024 400,000
At 31 May 2023 400,000

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 June 2023 to 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 2,500 104,908 107,408
Additions - 72,289 72,289
At 31 March 2024 2,500 177,197 179,697
DEPRECIATION
At 1 June 2023 - 25,285 25,285
Charge for period - 26,391 26,391
At 31 March 2024 - 51,676 51,676
NET BOOK VALUE
At 31 March 2024 2,500 125,521 128,021
At 31 May 2023 2,500 79,623 82,123

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,740 64,484
Other debtors 62,228 73,113
90,968 137,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 9,628
Hire purchase contracts 11,352 11,352
Trade creditors 68,721 68,100
Taxation and social security 94,738 80,315
Other creditors 131,493 162,625
316,952 332,020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,791 21,119
Hire purchase contracts 42,791 47,948
Other creditors - 90,000
54,582 159,067

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 June 2023 to 31 March 2024


9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 313,961 276,408

Falling due within one year 313,961 276,408