Broadway Healthcare Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05885223 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

BROADWAY HEALTHCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

K Jeyapalan

I Jeyapalan

R Jeyapalan

T Jeyapalan

SECRETARY:

I Jeyapalan

REGISTERED OFFICE:

Thaniratham, 8 The Broadway

Oadby

Leicester

LE2 2HD

REGISTERED NUMBER:

05885223 (England and Wales)

ACCOUNTANTS:

Crowfoot & Co Accountants Ltd

Lonsdale House

High Street

Lutterworth

Leicestershire

LE17 4AD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

713,645

723,398

713,645

723,398

CURRENT ASSETS

Debtors

6

16,736

16,042

Cash at bank

1,464,407

1,304,009

1,481,143

1,320,051

CREDITORS

Amounts falling due within one year

7

54,481

51,786

NET CURRENT ASSETS

1,426,662

1,268,265

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,140,307

1,991,663

PROVISIONS FOR LIABILITIES

22,610

19,036

NET ASSETS

2,117,697

1,972,627

CAPITAL AND RESERVES

Called up share capital

110

Retained earnings

2,117,587

1,972,517

SHAREHOLDERS' FUNDS

2,117,697

1,972,627

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

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

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 28 March 2025 and were signed on its behalf by:

I Jeyapalan - Director

K Jeyapalan - Director

1.	STATUTORY INFORMATION

Broadway Healthcare 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 as modified by the revaluation of certain assets.

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 2007, 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.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2023

and 31 July 2024

450,000

AMORTISATION

At 1 August 2023

and 31 July 2024

450,000

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 August 2023

and 31 July 2024

685,000

9,650

59,424

7,009

761,083

DEPRECIATION

At 1 August 2023

-

8,295

25,998

3,392

37,685

Charge for year

-

203

8,357

1,193

9,753

At 31 July 2024

-

8,498

34,355

4,585

47,438

NET BOOK VALUE

At 31 July 2024

685,000

1,152

25,069

2,424

713,645

At 31 July 2023

685,000

1,355

33,426

3,617

723,398

Cost or valuation at 31 July 2024 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

Valuation in 2023

61,794

-

61,794

Cost

623,206

9,650

59,424

7,009

699,289

685,000

9,650

59,424

7,009

761,083

Freehold properties were valued on an open market basis on 3 April 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

15,612

9,104

Amounts owed by associates

180

-

Other debtors

944

6,938

16,736

16,042

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

52,941

50,246

Other creditors

1,540

54,481

51,786

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 July 2024, an amount of £944 (2023 £6,938) was due from the directors, which is included within debtors on the balance sheet.

9.	RELATED PARTY DISCLOSURES

At 31 July 2024, an amount of £180 was owed by Broadway Health (Leicester) Ltd, which is included within debtors on the balance sheet. Both companies are related by virtue of common shareholders and directors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr K and Dr I Jeyapalan.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Broadway Healthcare Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Broadway Healthcare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Broadway Healthcare Limited and state those matters that we have agreed to state to the Board of Directors of Broadway Healthcare Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Broadway Healthcare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Broadway Healthcare Limited. You consider that Broadway Healthcare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Broadway Healthcare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Crowfoot & Co Accountants Ltd

Lonsdale House

High Street

Lutterworth

Leicestershire

LE17 4AD

28 March 2025