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REGISTERED NUMBER: 04045789 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BROADLEY-JAMES LIMITED

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROADLEY-JAMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S Broadley
C Broadley
D Houghton
R J Garrahy





SECRETARY: Taylor Walton Secretarial Limited





REGISTERED OFFICE: 28-44 Alma Street
Luton
Bedfordshire
LU1 2PL





REGISTERED NUMBER: 04045789 (England and Wales)





AUDITORS: Malthouse & Company Chartered Accountants
and Statutory Auditors
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,271 129,342

CURRENT ASSETS
Stocks 411,990 474,658
Debtors 5 768,820 344,977
Cash at bank and in hand 1,355,107 1,859,641
2,535,917 2,679,276
CREDITORS
Amounts falling due within one year 6 887,962 732,955
NET CURRENT ASSETS 1,647,955 1,946,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,763,226

2,075,663

PROVISIONS FOR LIABILITIES 8 161,354 223,381
NET ASSETS 1,601,872 1,852,282

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,601,772 1,852,182
SHAREHOLDERS' FUNDS 1,601,872 1,852,282

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

BALANCE SHEET - continued
31 JANUARY 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 3 October 2024 and were signed on its behalf by:




S Broadley - Director



C Broadley - Director


BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Broadley-James 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.

The financial statements contain information about Broadley-James Limited as an individual company. Broadley-James Limited is included by full consolidation in the consolidated financial statements of its parent, Broadley James Corporation, whose registered office is: 19 Thomas, Irvine, CA 92618 USA.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax, and is recognised when goods are dispatched, or services are provided, to customers.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Fixed assets are initially recognised at cost.

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

Stock cost is calculated via an average purchase cost method.

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.

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

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


2. ACCOUNTING POLICIES - continued

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

FINANCIAL INSTRUMENTS
The company holds only basic financial assets, including trade and other receivables which are initially recognised at transaction price and intercompany loans which are repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 271,779 17,182 84,498 373,459
Additions 47,410 - 4,579 51,989
Disposals (31,432 ) - (339 ) (31,771 )
At 31 January 2024 287,757 17,182 88,738 393,677
DEPRECIATION
At 1 February 2023 163,604 14,350 66,163 244,117
Charge for year 50,890 1,719 17,707 70,316
Eliminated on disposal (30,390 ) - (5,637 ) (36,027 )
At 31 January 2024 184,104 16,069 78,233 278,406
NET BOOK VALUE
At 31 January 2024 103,653 1,113 10,505 115,271
At 31 January 2023 108,175 2,832 18,335 129,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 491,893 222,858
Other debtors 214,310 31,831
Prepayments and accrued income 62,617 90,288
768,820 344,977

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 582,262 623,294
Social security and other taxes 24,242 23,525
VAT 13,785 24,273
Other creditors 238,193 29,024
Accruals and deferred income 29,480 32,839
887,962 732,955

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 10,143 8,606
Between one and five years 1,742 1,434
11,885 10,040

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax - 30,744
Other provisions 161,354 192,637
161,354 223,381

Deferred
tax
£   
Balance at 1 February 2023 30,744
Movement (30,744 )
Balance at 31 January 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

BROADLEY-JAMES LIMITED (REGISTERED NUMBER: 04045789)

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


10. RESERVES
Retained
earnings
£   

At 1 February 2023 1,852,182
Deficit for the year (250,410 )
At 31 January 2024 1,601,772

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Guy Playfer BA FCA (Senior Statutory Auditor)
for and on behalf of Malthouse & Company Chartered Accountants

12. RELATED PARTY DISCLOSURES

During the year, the company incurred management fees totalling £1,016,944 (2023: £1,098,688), which were payable to the parent company, Broadley James Corporation.

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Broadley James Corporation, a company registered at 19 Thomas, Irvine, CA 92618 USA. The entire share capital of Broadley James Corporation is held by S. Broadley and C. Broadley, who are directors of Broadley-James Limited, and considered to be the ultimate controlling parties.