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REGISTERED NUMBER: 10463495 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Broadfield Stores Limited

Broadfield Stores Limited (Registered number: 10463495)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broadfield Stores Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T S Kapoor
A S Kapoor





REGISTERED OFFICE: 20-22 Broadfield Barton
Broadfield
Crawley
West Sussex
RH11 9BA





REGISTERED NUMBER: 10463495 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

Broadfield Stores Limited (Registered number: 10463495)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 231,942 244,149
Tangible assets 5 73,622 88,553
305,564 332,702

CURRENT ASSETS
Stocks 101,428 121,246
Debtors 6 365,081 257,581
Prepayments and accrued income 2,197 1,217
Cash at bank and in hand 34,091 68,985
502,797 449,029
CREDITORS
Amounts falling due within one year 7 283,128 295,885
NET CURRENT ASSETS 219,669 153,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,233

485,846

CREDITORS
Amounts falling due after more than
one year

8

(340,908

)

(322,703

)

PROVISIONS FOR LIABILITIES (18,406 ) (16,825 )
NET ASSETS 165,919 146,318

Broadfield Stores Limited (Registered number: 10463495)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,819 146,218
165,919 146,318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 March 2025 and were signed on its behalf by:





A S Kapoor - Director


Broadfield Stores Limited (Registered number: 10463495)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Broadfield Stores 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.

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 2016, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 20% on reducing balance

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.


Broadfield Stores Limited (Registered number: 10463495)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2023 - 13 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 350,000
AMORTISATION
At 1 January 2024 105,851
Charge for year 12,207
At 31 December 2024 118,058
NET BOOK VALUE
At 31 December 2024 231,942
At 31 December 2023 244,149

Broadfield Stores Limited (Registered number: 10463495)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 6,071 162,568 168,639
Additions - 2,866 2,866
At 31 December 2024 6,071 165,434 171,505
DEPRECIATION
At 1 January 2024 2,125 77,961 80,086
Charge for year 303 17,494 17,797
At 31 December 2024 2,428 95,455 97,883
NET BOOK VALUE
At 31 December 2024 3,643 69,979 73,622
At 31 December 2023 3,946 84,607 88,553

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 365,081 257,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 48,470 56,551
Taxation and social security 47,209 47,376
Other creditors 187,449 191,958
283,128 295,885

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 44,908 71,703
Other creditors 296,000 251,000
340,908 322,703

Broadfield Stores Limited (Registered number: 10463495)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A S Kapoor
Balance outstanding at start of year 154,664 185,314
Amounts repaid (5,151 ) (30,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 149,513 154,664