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Company Registration No. 07491324 (England and Wales)
BROADBENCH LTD Unaudited accounts for the year ended 31 May 2024
BROADBENCH LTD Unaudited accounts Contents
Page
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BROADBENCH LTD Company Information for the year ended 31 May 2024
Director
Thomas Hitchcock
Company Number
07491324 (England and Wales)
Registered Office
Broadbench Ltd 167-169 Great Portland Street, 5th Floor London W1W 5PF
Accountants
Cone Accounting Limited 124 City Road London EC1V 2NX
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BROADBENCH LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
153,875 
165,198 
Current assets
Debtors
171,606 
165,800 
Cash at bank and in hand
20,000 
143,649 
191,606 
309,449 
Creditors: amounts falling due within one year
(140,939)
(177,270)
Net current assets
50,667 
132,179 
Total assets less current liabilities
204,542 
297,377 
Creditors: amounts falling due after more than one year
(203,978)
(225,747)
Net assets
564 
71,630 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
464 
71,530 
Shareholders' funds
564 
71,630 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2024 and were signed on its behalf by
Thomas Hitchcock Director Company Registration No. 07491324
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BROADBENCH LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
BROADBENCH LTD is a private company, limited by shares, registered in England and Wales, registration number 07491324. The registered office is Broadbench Ltd, 167-169 Great Portland Street, 5th Floor, London, W1W 5PF. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line method
Computer equipment
10% straight line method
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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BROADBENCH LTD Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
12,657 
262,128 
274,785 
Additions
- 
16,015 
16,015 
At 31 May 2024
12,657 
278,143 
290,800 
Depreciation
At 1 June 2023
12,555 
97,032 
109,587 
Charge for the year
102 
27,236 
27,338 
At 31 May 2024
12,657 
124,268 
136,925 
Net book value
At 31 May 2024
- 
153,875 
153,875 
At 31 May 2023
102 
165,096 
165,198 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
12,414 
6,658 
Other debtors
159,192 
159,142 
171,606 
165,800 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,625 
79,850 
Trade creditors
3,554 
9,208 
Taxes and social security
37,609 
22,894 
Other creditors
(30,566)
2,582 
Loans from directors
88,319 
62,273 
Accruals
1,398 
463 
140,939 
177,270 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
203,978 
225,747 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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