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REGISTERED NUMBER: 01455703 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BROUGHSHIRE LIMITED

BROUGHSHIRE LIMITED (REGISTERED NUMBER: 01455703)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROUGHSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs P P Perry
C K W Perry





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 01455703 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

BROUGHSHIRE LIMITED (REGISTERED NUMBER: 01455703)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 482,897 439,228

CURRENT ASSETS
Stocks 551,896 504,705
Debtors 5 210,986 180,232
Cash at bank and in hand 476,813 581,305
1,239,695 1,266,242
CREDITORS
Amounts falling due within one year 6 691,174 637,703
NET CURRENT ASSETS 548,521 628,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,418

1,067,767

CREDITORS
Amounts falling due after more than one
year

7

(54,121

)

(17,926

)

PROVISIONS FOR LIABILITIES (63,250 ) (54,953 )
NET ASSETS 914,047 994,888

CAPITAL AND RESERVES
Called up share capital 6,006 6,006
Capital redemption reserve 3,994 3,994
Retained earnings 904,047 984,888
914,047 994,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

BROUGHSHIRE LIMITED (REGISTERED NUMBER: 01455703)

BALANCE SHEET - continued
29 FEBRUARY 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 29 November 2024 and were signed on its behalf by:





C K W Perry - Director


BROUGHSHIRE LIMITED (REGISTERED NUMBER: 01455703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Broughshire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - are not depreciated
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BROUGHSHIRE LIMITED (REGISTERED NUMBER: 01455703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 150,000 776,732 926,732
Additions - 100,720 100,720
Disposals - (3,000 ) (3,000 )
At 29 February 2024 150,000 874,452 1,024,452
DEPRECIATION
At 1 March 2023 - 487,504 487,504
Charge for year - 55,209 55,209
Eliminated on disposal - (1,158 ) (1,158 )
At 29 February 2024 - 541,555 541,555
NET BOOK VALUE
At 29 February 2024 150,000 332,897 482,897
At 28 February 2023 150,000 289,228 439,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,589 116,823
Other debtors 74,397 63,409
210,986 180,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 51,080 38,345
Trade creditors 178,448 104,810
Taxation and social security 84,302 77,321
Other creditors 377,344 417,227
691,174 637,703

BROUGHSHIRE LIMITED (REGISTERED NUMBER: 01455703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 54,121 17,926

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 105,201 56,271

Debts are secured against the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs P P Perry
Balance outstanding at start of year 18,918 25,128
Amounts advanced 19,482 18,918
Amounts repaid (18,918 ) (25,128 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,482 18,918

C K W Perry
Balance outstanding at start of year 24,300 29,104
Amounts advanced 24,850 24,300
Amounts repaid (24,300 ) (29,104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,850 24,300

10. RELATED PARTY DISCLOSURES

Included in other debtors at the Balance Sheet date are amounts owed by a non-director shareholder of £19,991 (2023: £20,191).