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REGISTERED NUMBER: 14054563 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Broad Steert Ltd

Broad Steert Ltd (Registered number: 14054563)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Broad Steert Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: R J Guest





REGISTERED OFFICE: 174 Station Road
Nottingham
Nottinghamshire
NG9 2AY





REGISTERED NUMBER: 14054563 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Broad Steert Ltd (Registered number: 14054563)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,514 24,945

CURRENT ASSETS
Stocks 2,100 -
Debtors 5 18,534 29,589
Cash at bank 3 202
20,637 29,791
CREDITORS
Amounts falling due within one year 6 115,426 95,855
NET CURRENT LIABILITIES (94,789 ) (66,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,275

)

(41,119

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (70,276 ) (41,120 )
SHAREHOLDERS' FUNDS (70,275 ) (41,119 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





R J Guest - Director


Broad Steert Ltd (Registered number: 14054563)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Broad Steert 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 4 (2023 - 4 ) .

Broad Steert Ltd (Registered number: 14054563)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2023 17,545 12,708 30,253
Additions 953 9,827 10,780
At 28 February 2024 18,498 22,535 41,033
DEPRECIATION
At 1 March 2023 2,460 2,848 5,308
Charge for year 3,701 7,510 11,211
At 28 February 2024 6,161 10,358 16,519
NET BOOK VALUE
At 28 February 2024 12,337 12,177 24,514
At 28 February 2023 15,085 9,860 24,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 11,451
Prepayments and accrued income 18,534 18,138
18,534 29,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,132 8,010
Trade creditors 13,648 6,890
Social security and other taxes 7,574 3,565
Other creditors 9,487 7,456
Directors' current accounts 70,383 69,514
Accruals and deferred income 1,202 420
115,426 95,855

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

8. GOING CONCERN

The company accounts are prepared on the going concern basis that the directors will continue to support the company for the foreseeable future.