Company Registration No. 03834048 (England and Wales)
Broadshire Enterprises Limited
Unaudited accounts
for the year ended 30 June 2024
Broadshire Enterprises Limited
Unaudited accounts
Contents
Broadshire Enterprises Limited
Company Information
for the year ended 30 June 2024
Directors
Wing Heng Yap
Wing Foo Yap
Company Number
03834048 (England and Wales)
Registered Office
Bampton Pharmacy
Landells
Bampton
Oxfordshire
OX18 2LJ
England
Accountants
K3 Accountants Limited
Barnwood
Trampers Lane
North Boarhunt
Hampshire
PO17 6DG
Broadshire Enterprises Limited
Statement of financial position
as at 30 June 2024
Tangible assets
7,624
8,981
Cash at bank and in hand
201,571
202,964
Creditors: amounts falling due within one year
(327,199)
(235,448)
Net current assets
448,607
288,618
Net assets
456,231
297,599
Called up share capital
102
102
Profit and loss account
456,129
297,497
Shareholders' funds
456,231
297,599
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
Wing Heng Yap
Director
Company Registration No. 03834048
Broadshire Enterprises Limited
Notes to the Accounts
for the year ended 30 June 2024
Broadshire Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 03834048. The registered office is Bampton Pharmacy, Landells, Bampton, Oxfordshire, OX18 2LJ, England.
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.
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
15% reducing balance basis
Computer equipment
25% reducing balance basis
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are
assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Broadshire Enterprises Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
57,209
6,460
63,669
At 30 June 2024
57,209
6,460
63,669
At 1 July 2023
48,323
6,365
54,688
Charge for the year
1,333
24
1,357
At 30 June 2024
49,656
6,389
56,045
At 30 June 2024
7,553
71
7,624
At 30 June 2023
8,886
95
8,981
Amounts falling due within one year
Trade debtors
267,699
42,355
Amounts due from group undertakings etc.
214,929
-
Accrued income and prepayments
-
154,920
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
263,617
199,314
Taxes and social security
55,476
25,179
Other creditors
50,000
506
Loans from directors
-
1,375
7
Average number of employees
During the year the average number of employees was 8 (2023: 10).