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Company Registration No. 12931848 (England and Wales)
Broughton Associates Ltd Unaudited accounts for the year ended 31 October 2024
Broughton Associates Ltd Unaudited accounts Contents
Page
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Broughton Associates Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,580 
23,993 
Investments
9,627 
9,627 
27,207 
33,620 
Current assets
Debtors
30,690 
35,874 
Cash at bank and in hand
2,958 
360 
33,648 
36,234 
Creditors: amounts falling due within one year
(60,476)
(69,495)
Net current liabilities
(26,828)
(33,261)
Net assets
379 
359 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
375 
355 
Shareholders' funds
379 
359 
For the year ending 31 October 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 19 January 2025 and were signed on its behalf by
Philip James Broughton Director Company Registration No. 12931848
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Broughton Associates Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Broughton Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 12931848. The registered office is 136 Carr Lane, Uppermill, Oldham, OL3 6JA.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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:
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
32,066 
At 31 October 2024
32,066 
Depreciation
At 1 November 2023
8,073 
Charge for the year
6,413 
At 31 October 2024
14,486 
Net book value
At 31 October 2024
17,580 
At 31 October 2023
23,993 
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Broughton Associates Ltd Notes to the Accounts for the year ended 31 October 2024
5
Investments
Other investments 
£ 
Valuation at 1 November 2023
9,627 
Valuation at 31 October 2024
9,627 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,000 
2,000 
Other debtors
28,690 
33,874 
30,690 
35,874 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
58,676 
67,695 
Other creditors
1,800 
1,800 
60,476 
69,495 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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