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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
Page
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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
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Broadshire Enterprises Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,624 
8,981 
Current assets
Inventories
57,836 
83,596 
Debtors
516,399 
237,506 
Cash at bank and in hand
201,571 
202,964 
775,806 
524,066 
Creditors: amounts falling due within one year
(327,199)
(235,448)
Net current assets
448,607 
288,618 
Net assets
456,231 
297,599 
Capital and reserves
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
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Broadshire Enterprises Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Inventories
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.
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Broadshire Enterprises Limited Notes to the Accounts for the year ended 30 June 2024
Pension costs
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 
Depreciation
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 
Net book value
At 30 June 2024
7,553 
71 
7,624 
At 30 June 2023
8,886 
95 
8,981 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
33,771 
40,231 
Trade debtors
267,699 
42,355 
Amounts due from group undertakings etc.
214,929 
- 
Accrued income and prepayments
- 
154,920 
516,399 
237,506 
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 
Accruals
- 
9,074 
Deferred income
(41,894)
- 
327,199 
235,448 
7
Average number of employees
During the year the average number of employees was 8 (2023: 10).
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