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REGISTERED NUMBER: 01102735 (England and Wales)










Broxton Industries Limited

Financial Statements

for the Year Ended 30th April 2024






Broxton Industries Limited (Registered number: 01102735)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Broxton Industries Limited (Registered number: 01102735)

Balance Sheet
30th April 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 22,292
Tangible assets 5 2,193,804 2,406,097
2,193,804 2,428,389

CURRENT ASSETS
Stocks 179,597 136,018
Debtors 6 1,200,253 1,359,862
Cash at bank and in hand 426,972 496,603
1,806,822 1,992,483
CREDITORS
Amounts falling due within one year 7 585,350 950,392
NET CURRENT ASSETS 1,221,472 1,042,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,415,276

3,470,480

PROVISIONS FOR LIABILITIES 472,461 414,159
NET ASSETS 2,942,815 3,056,321

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 8 2,942,704 3,056,210
SHAREHOLDERS' FUNDS 2,942,815 3,056,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Broxton Industries Limited (Registered number: 01102735)

Balance Sheet - continued
30th April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th April 2025 and were signed by:





M J Ellams - Director


Broxton Industries Limited (Registered number: 01102735)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Broxton Industries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01102735

Registered office: 48 Elliot Road
Love Lane Trading Estate
CIRENCESTER
Gloucestershire
GL7 1YS

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 represents sales, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortized over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - Straight line over 12.5 years
Plant and machinery - Straight line over 10 to 15 years
Fixtures, fittings and equipment - Straight line over 5 to 20 years
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Broxton Industries Limited (Registered number: 01102735)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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.

Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme in respect of the directors and employees. The scheme and its assets are held by independent managers. The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Investments
Current asset investments are stated at year end market values.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 58 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 50,000
AMORTISATION
At 1st May 2023 27,708
Charge for year 22,292
At 30th April 2024 50,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 22,292

Broxton Industries Limited (Registered number: 01102735)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
Short fittings
leasehold Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1st May 2023 491,874 3,061,228 94,254 168,729 3,816,085
Additions - 6,852 909 44,000 51,761
Disposals - (446 ) (1,663 ) (16,250 ) (18,359 )
Reclassification/transfer - (12,120 ) 12,120 - -
At 30th April 2024 491,874 3,055,514 105,620 196,479 3,849,487
DEPRECIATION
At 1st May 2023 205,899 1,041,804 66,346 95,939 1,409,988
Charge for year 38,244 186,806 7,075 27,734 259,859
Eliminated on disposal - - - (14,164 ) (14,164 )
Reclassification/transfer - (1,481 ) 1,481 - -
At 30th April 2024 244,143 1,227,129 74,902 109,509 1,655,683
NET BOOK VALUE
At 30th April 2024 247,731 1,828,385 30,718 86,970 2,193,804
At 30th April 2023 285,975 2,019,424 27,908 72,790 2,406,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 869,132 993,181
Amounts recoverable on contracts 235,425 285,799
Other debtors 95,696 80,882
1,200,253 1,359,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 297,058 669,275
Taxation and social security 197,046 157,187
Other creditors 91,246 123,930
585,350 950,392

Broxton Industries Limited (Registered number: 01102735)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. RESERVES
Retained
earnings
£   

At 1st May 2023 2,591,720
Prior year adjustment 464,490
3,056,210
Profit for the year 162,384
Dividends (275,890 )
At 30th April 2024 2,942,704

For details of the above prior year adjustment of £464,490 please refer to note 5 .