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REGISTERED NUMBER: 04759844 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

BROADLAND FLOORING LTD

BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BROADLAND FLOORING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mr B Couzens
Mrs D A Russell





SECRETARY: Mr B Couzens





REGISTERED OFFICE: 54 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 04759844 (England and Wales)






BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,102 54,232

CURRENT ASSETS
Stocks 13,831 13,132
Debtors 5 194,808 163,115
Prepayments and accrued income 5,054 4,155
Cash at bank and in hand 2,966 42,491
216,659 222,893
CREDITORS
Amounts falling due within one year 6 162,125 160,300
NET CURRENT ASSETS 54,534 62,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,636

116,825

CREDITORS
Amounts falling due after more than one
year

7

(22,724

)

(27,048

)

PROVISIONS FOR LIABILITIES (11,143 ) (12,620 )

ACCRUALS AND DEFERRED INCOME (5,571 ) (3,679 )
NET ASSETS 63,198 73,478

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,098 73,378
SHAREHOLDERS' FUNDS 63,198 73,478

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)

STATEMENT OF FINANCIAL POSITION - continued
31ST MAY 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 1st October 2024 and were signed on its behalf by:




Mr B Couzens - Director



Mrs D A Russell - Director


BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Broadland Flooring 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 5,514 3,727 75,984 24,464 109,689
Additions 208 517 - 784 1,509
At 31st May 2024 5,722 4,244 75,984 25,248 111,198
DEPRECIATION
At 1st June 2023 5,113 2,492 27,302 20,550 55,457
Charge for year 91 262 6,112 1,174 7,639
At 31st May 2024 5,204 2,754 33,414 21,724 63,096
NET BOOK VALUE
At 31st May 2024 518 1,490 42,570 3,524 48,102
At 31st May 2023 401 1,235 48,682 3,914 54,232

BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st June 2023 17,495
Transfer to ownership (17,495 )
At 31st May 2024 -
DEPRECIATION
At 1st June 2023 11,957
Charge for year 1,384
Transfer to ownership (13,341 )
At 31st May 2024 -
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 5,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 194,808 163,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,400 14,200
Hire purchase contracts - 840
Trade creditors 55,463 53,917
Taxation and social security 51,210 57,734
Other creditors 38,052 33,609
162,125 160,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,724 27,048

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 840

BROADLAND FLOORING LTD (REGISTERED NUMBER: 04759844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

9. OTHER FINANCIAL COMMITMENTS

The company has total operating lease commitments over the next five years, which are not included in the balance sheet amounting to £15,160.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.