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BROXCORP LTD

Registered Number
11208086
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2024

BROXCORP LTD
Company Information
for the period from 1 March 2023 to 30 June 2024

Directors

DIGGLE, Daniel James
EATON, James Michael Robert

Registered Address

International House
64 Nile Street
London
N1 7SR

Registered Number

11208086 (England and Wales)
BROXCORP LTD
Balance Sheet as at
30 June 2024

Notes

30 Jun 2024

28 Feb 2023

£

£

£

£

Fixed assets
Tangible assets31,657206
1,657206
Current assets
Debtors4104,815488,992
Cash at bank and on hand127,97862,926
232,793551,918
Creditors amounts falling due within one year5(76,799)(530,861)
Net current assets (liabilities)155,99421,057
Total assets less current liabilities157,65121,263
Net assets157,65121,263
Capital and reserves
Called up share capital100100
Profit and loss account157,55121,163
Shareholders' funds157,65121,263
The financial statements were approved and authorised for issue by the Board of Directors on 1 October 2024, and are signed on its behalf by:
EATON, James Michael Robert
Director
Registered Company No. 11208086
BROXCORP LTD
Notes to the Financial Statements
for the period ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 23293293
Additions1,5861,586
At 30 June 241,8791,879
Depreciation and impairment
At 01 March 238787
Charge for year135135
At 30 June 24222222
Net book value
At 30 June 241,6571,657
At 28 February 23206206
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-3,420
Amounts owed by associates and joint ventures / participating interests-412,975
Other debtors104,81572,597
Total104,815488,992
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6346
Amounts owed to related parties1,6441,197
Taxation and social security47,4922,772
Other creditors-539
Accrued liabilities and deferred income27,600526,307
Total76,799530,861
6.Related party transactions
During the period the company incurred costs of £308,333 from a company under common control. At the period end the company owed £198 to a company under common control.