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REGISTERED NUMBER: NI635157 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

BRÓ38 LTD

BRÓ38 LTD (REGISTERED NUMBER: NI635157)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRÓ38 LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M Johnston
Mrs B Johnston





REGISTERED OFFICE: 27 Woodquarter Lane
Drumaness
Ballynahinch
Co. Down
BT24 8ND





REGISTERED NUMBER: NI635157 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

BRÓ38 LTD (REGISTERED NUMBER: NI635157)

Abridged Balance Sheet
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 116,826 90,234
116,826 90,234

CURRENT ASSETS
Stocks 56,784 27,434
Debtors 155,661 73,830
Cash at bank 179,130 92,980
391,575 194,244
CREDITORS
Amounts falling due within one year 439,933 182,153
NET CURRENT (LIABILITIES)/ASSETS (48,358 ) 12,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,468

102,325

CREDITORS
Amounts falling due after more than one
year

6

30,224

35,844
NET ASSETS 38,244 66,481

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 38,234 66,471
38,244 66,481

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

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

BRÓ38 LTD (REGISTERED NUMBER: NI635157)

Abridged Balance Sheet - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 March 2025 and were signed on its behalf by:





M Johnston - Director


BRÓ38 LTD (REGISTERED NUMBER: NI635157)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

BrÓ38 Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

BRÓ38 LTD (REGISTERED NUMBER: NI635157)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 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 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 12,567
AMORTISATION
At 1 July 2023
and 30 June 2024 12,567
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 156,497
Additions 55,754
At 30 June 2024 212,251
DEPRECIATION
At 1 July 2023 66,263
Charge for year 29,162
At 30 June 2024 95,425
NET BOOK VALUE
At 30 June 2024 116,826
At 30 June 2023 90,234

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30/6/24 30/6/23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 3,755 9,375