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REGISTERED NUMBER: 10205504 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PRUNE & BROOM LTD

PRUNE & BROOM LTD (REGISTERED NUMBER: 10205504)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRUNE & BROOM LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Mrs C E Crofts
N V Crofts





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 10205504 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

PRUNE & BROOM LTD (REGISTERED NUMBER: 10205504)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,600 2,400
Tangible assets 5 5,207 15,742
6,807 18,142

CURRENT ASSETS
Debtors 6 30,694 53,004
Cash in hand 117,704 70,784
148,398 123,788
CREDITORS
Amounts falling due within one year 7 117,101 85,623
NET CURRENT ASSETS 31,297 38,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,104

56,307

PROVISIONS FOR LIABILITIES 2,500 4,000
NET ASSETS 35,604 52,307

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 34,604 51,307
35,604 52,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PRUNE & BROOM LTD (REGISTERED NUMBER: 10205504)

BALANCE SHEET - continued
31 May 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 18 January 2025 and were signed on its behalf by:





Mrs C E Crofts - Director


PRUNE & BROOM LTD (REGISTERED NUMBER: 10205504)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Prune & Broom Ltd 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.

The company adopted FRS 102 in the current year. Upon transition no material recognition or measurement differences arose therefore therefore there were no changes to the net assets or profits which have been previously reported.

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 2016, 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.
Plant and machinery - 25% straight line basis
Motor vehicles - 25% straight line basis

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.

PRUNE & BROOM LTD (REGISTERED NUMBER: 10205504)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 8,000
AMORTISATION
At 1 June 2023 5,600
Amortisation for year 800
At 31 May 2024 6,400
NET BOOK VALUE
At 31 May 2024 1,600
At 31 May 2023 2,400

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 5,615 53,648 59,263
DEPRECIATION
At 1 June 2023 4,847 38,674 43,521
Charge for year 560 9,975 10,535
At 31 May 2024 5,407 48,649 54,056
NET BOOK VALUE
At 31 May 2024 208 4,999 5,207
At 31 May 2023 768 14,974 15,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,337 29,047
Other debtors 15,357 23,957
30,694 53,004

PRUNE & BROOM LTD (REGISTERED NUMBER: 10205504)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 35,318 35,958
Other creditors 81,783 49,665
117,101 85,623

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £79,384 (2023: £47,463) owed to the directors.