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Registered number: 07942301
Broadway Kent Ltd
Financial Statements
For The Year Ended 29 February 2024
Accounting Freedom
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07942301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,911 23,215
21,911 23,215
Creditors: Amounts Falling Due Within One Year 5 (149,284 ) (127,490 )
NET CURRENT ASSETS (LIABILITIES) (149,284 ) (127,490 )
TOTAL ASSETS LESS CURRENT LIABILITIES (127,373 ) (104,275 )
NET LIABILITIES (127,373 ) (104,275 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (127,473 ) (104,375 )
SHAREHOLDERS' FUNDS (127,373) (104,275)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Barrow
Director
31/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Broadway Kent Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07942301 . The registered office is 21 Longleigh Lane, Bexleyheath, DA7 5SR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25
Motor Vehicles 25
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 3,569 77,690 81,259
Additions - 6,000 6,000
As at 29 February 2024 3,569 83,690 87,259
Depreciation
As at 1 March 2023 3,376 54,668 58,044
Provided during the period 48 7,256 7,304
As at 29 February 2024 3,424 61,924 65,348
Net Book Value
As at 29 February 2024 145 21,766 21,911
As at 1 March 2023 193 23,022 23,215
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,666 -
Bank loans and overdrafts 52,666 50,846
Other loans - 7,450
VAT 9,644 6,444
Accruals and deferred income 36,402 41,666
Director's loan account 24,906 21,084
149,284 127,490
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3