Registered number
12485169
Broomhill Interiors Ltd
Filleted Accounts
29 February 2024
Broomhill Interiors Ltd
Registered number: 12485169
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,400 4,800
Tangible assets 4 173 347
2,573 5,147
Current assets
Debtors 5 11,226 3,730
Cash at bank and in hand 164,383 132,397
175,609 136,127
Creditors: amounts falling due within one year 6 (76,248) (41,274)
Net current assets 99,361 94,853
Net assets 101,934 100,000
Capital and reserves
Called up share capital 200 200
Profit and loss account 101,734 99,800
Shareholders' funds 101,934 100,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kelly Belinda Love
Director
Approved by the board on 25 September 2024
Broomhill Interiors Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 12,000
At 29 February 2024 12,000
Amortisation
At 1 March 2023 7,200
Provided during the year 2,400
At 29 February 2024 9,600
Net book value
At 29 February 2024 2,400
At 28 February 2023 4,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 869
At 29 February 2024 869
Depreciation
At 1 March 2023 522
Charge for the year 174
At 29 February 2024 696
Net book value
At 29 February 2024 173
At 28 February 2023 347
5 Debtors 2024 2023
£ £
Trade debtors - 3,730
Taxation and social security costs 11,226 -
11,226 3,730
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 61,650 -
Taxation and social security costs 6,310 8,060
Other creditors 8,288 33,214
76,248 41,274
7 Other information
Broomhill Interiors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
60 Carholme Road
London
SE23 2HS
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