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REGISTERED NUMBER: 05887424 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Brooms Professional Services Limited

Brooms Professional Services Limited (Registered number: 05887424)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brooms Professional Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr K J Cornelius
Mrs S Shah



SECRETARY: Mr K J Cornelius



REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL



REGISTERED NUMBER: 05887424 (England and Wales)



ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL



BANKERS: National Westminster Bank Plc
PO Box 150
43 High Street
Rayleigh
Essex
SS6 7EH

Brooms Professional Services Limited (Registered number: 05887424)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 209,240 281,012
Tangible assets 5 510,526 406,277
719,766 687,289

CURRENT ASSETS
Debtors 6 210,024 239,322
Cash at bank and in hand 148,724 120,979
358,748 360,301
CREDITORS
Amounts falling due within one year 7 347,869 406,944
NET CURRENT ASSETS/(LIABILITIES) 10,879 (46,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,645

640,646

CREDITORS
Amounts falling due after more than one year 8 338,011 274,558
NET ASSETS 392,634 366,088

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 392,514 365,968
SHAREHOLDERS' FUNDS 392,634 366,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Brooms Professional Services Limited (Registered number: 05887424)

Balance Sheet - continued
30 April 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 9 January 2025 and were signed on its behalf by:




Mr K J Cornelius - Director



Mrs S Shah - Director


Brooms Professional Services Limited (Registered number: 05887424)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Brooms Professional Services 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Equipment - 33% on cost

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.

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.

Brooms Professional Services Limited (Registered number: 05887424)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 947,746
AMORTISATION
At 1 May 2023 666,734
Amortisation for year 71,772
At 30 April 2024 738,506
NET BOOK VALUE
At 30 April 2024 209,240
At 30 April 2023 281,012

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 435,750 37,155 - 43,682 516,587
Additions - 143 127,621 3,982 131,746
At 30 April 2024 435,750 37,298 127,621 47,664 648,333
DEPRECIATION
At 1 May 2023 50,838 21,992 - 37,480 110,310
Charge for year 8,715 5,245 8,886 4,651 27,497
At 30 April 2024 59,553 27,237 8,886 42,131 137,807
NET BOOK VALUE
At 30 April 2024 376,197 10,061 118,735 5,533 510,526
At 30 April 2023 384,912 15,163 - 6,202 406,277

Brooms Professional Services Limited (Registered number: 05887424)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 136,299 135,732
Amounts recoverable on contracts 69,437 77,371
Other debtors - 777
Prepayments 4,288 25,442
210,024 239,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 27,250 27,250
Hire purchase contracts 13,121 -
Trade creditors 12,552 35,409
Tax 29,535 60,850
Social security and other taxes 8,255 7,945
VAT 34,909 27,055
Other creditors 167 1,843
Client's fees in advance 7,393 7,688
Clients' money held 16,501 15,128
Directors' current accounts 196,000 222,925
Accrued expenses 2,186 851
347,869 406,944

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 27,250 27,250
Bank loans - 2-5 years 23,417 43,417
Bank loans more 5 yr by instal 198,055 203,891
Hire purchase contracts 89,289 -
338,011 274,558

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 198,055 203,891