IRIS Accounts Production v24.3.2.46 01761714 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017617142023-11-30017617142024-11-30017617142023-12-012024-11-30017617142022-11-30017617142022-12-012023-11-30017617142023-11-3001761714ns15:EnglandWales2023-12-012024-11-3001761714ns14:PoundSterling2023-12-012024-11-3001761714ns10:Director12023-12-012024-11-3001761714ns10:Director22023-12-012024-11-3001761714ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3001761714ns10:SmallEntities2023-12-012024-11-3001761714ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3001761714ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3001761714ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3001761714ns10:FullAccounts2023-12-012024-11-3001761714ns10:OrdinaryShareClass12023-12-012024-11-3001761714ns10:RegisteredOffice2023-12-012024-11-3001761714ns5:CurrentFinancialInstruments2024-11-3001761714ns5:CurrentFinancialInstruments2023-11-3001761714ns5:ShareCapital2024-11-3001761714ns5:ShareCapital2023-11-3001761714ns5:SharePremium2024-11-3001761714ns5:SharePremium2023-11-3001761714ns5:RetainedEarningsAccumulatedLosses2024-11-3001761714ns5:RetainedEarningsAccumulatedLosses2023-11-3001761714ns5:LeaseholdImprovements2023-12-012024-11-3001761714ns5:FurnitureFittings2023-12-012024-11-3001761714ns5:MotorVehicles2023-12-012024-11-3001761714ns5:ComputerEquipment2023-12-012024-11-3001761714ns5:LeaseholdImprovements2023-11-3001761714ns5:FurnitureFittings2023-11-3001761714ns5:MotorVehicles2023-11-3001761714ns5:ComputerEquipment2023-11-3001761714ns5:LeaseholdImprovements2024-11-3001761714ns5:FurnitureFittings2024-11-3001761714ns5:MotorVehicles2024-11-3001761714ns5:ComputerEquipment2024-11-3001761714ns5:LeaseholdImprovements2023-11-3001761714ns5:FurnitureFittings2023-11-3001761714ns5:MotorVehicles2023-11-3001761714ns5:ComputerEquipment2023-11-3001761714ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3001761714ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3001761714ns5:DeferredTaxation2023-11-3001761714ns5:DeferredTaxation2024-11-3001761714ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 01761714 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Bromakin Limited

Bromakin Limited (Registered number: 01761714)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bromakin Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: S J Asher
R Wickham





REGISTERED OFFICE: 12 Prince William Road
Loughborough
Leicestershire
LE11 5GU





REGISTERED NUMBER: 01761714 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

Bromakin Limited (Registered number: 01761714)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,154 101,091

CURRENT ASSETS
Stocks 5 57,112 63,202
Debtors 6 57,346 72,243
Cash at bank and in hand 341,368 217,506
455,826 352,951
CREDITORS
Amounts falling due within one year 7 224,812 268,559
NET CURRENT ASSETS 231,014 84,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,168

185,483

PROVISIONS FOR LIABILITIES 8 19,039 26,789
NET ASSETS 288,129 158,694

CAPITAL AND RESERVES
Called up share capital 9 11,880 11,880
Share premium 32,560 32,560
Retained earnings 243,689 114,254
SHAREHOLDERS' FUNDS 288,129 158,694

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

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

Bromakin Limited (Registered number: 01761714)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:




S J Asher - Director



R Wickham - Director


Bromakin Limited (Registered number: 01761714)

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

1. STATUTORY INFORMATION

Bromakin 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line basis over life of lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Bromakin Limited (Registered number: 01761714)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023
and 30 November 2024 6,569 62,522 138,783 29,271 237,145
DEPRECIATION
At 1 December 2023 6,569 58,888 41,681 28,916 136,054
Charge for year - 545 24,275 117 24,937
At 30 November 2024 6,569 59,433 65,956 29,033 160,991
NET BOOK VALUE
At 30 November 2024 - 3,089 72,827 238 76,154
At 30 November 2023 - 3,634 97,102 355 101,091

5. STOCKS
30.11.24 30.11.23
£    £   
Raw materials 17,324 17,834
Work-in-progress 26,200 22,700
Goods for resale & components 13,588 22,668
57,112 63,202

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 31,831 34,337
VAT 19,838 33,173
Prepayments 5,677 4,733
57,346 72,243

Bromakin Limited (Registered number: 01761714)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 126,259 160,339
Tax 56,079 53,388
Social security and other taxes 5,775 5,287
Pension creditor - 1,501
Credit card accounts 1,253 2,790
Accrued expenses 35,446 45,254
224,812 268,559

8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax
On excess capital allowances 19,039 26,789

Deferred
tax
£   
Balance at 1 December 2023 26,789
Excess capital allowances (7,750 )
Balance at 30 November 2024 19,039

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1,188,000 Ordinary £0.01 11,880 11,880

10. OTHER FINANCIAL COMMITMENTS

The company has future property operating lease commitments of £16,500 per year to 31 March 2026 and £20,000 per year to 28 February 2028. In addition it also has equipment leasing commitments for 73 months of £41,008 in total.