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REGISTERED NUMBER: 12463349 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Broadbent Welding & Industrial Supplies
Ltd

Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broadbent Welding & Industrial Supplies
Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mr L D G Jackson
Mr A R Murphy
Mr A J L Walker





REGISTERED OFFICE: Unit 4, Holmfield Works
Shay Lane
Halifax
West Yorkshire
HX3 6RS





REGISTERED NUMBER: 12463349 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 71,614 50,641

CURRENT ASSETS
Stocks 5 48,241 45,902
Debtors 6 428,199 410,812
Cash at bank and in hand 24,644 13,446
501,084 470,160
CREDITORS
Amounts falling due within one year 7 456,379 407,317
NET CURRENT ASSETS 44,705 62,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,319

113,484

CREDITORS
Amounts falling due after more than one
year

8

(54,767

)

(34,044

)

PROVISIONS FOR LIABILITIES (10,806 ) (2,525 )
NET ASSETS 50,746 76,915

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,646 76,815
SHAREHOLDERS' FUNDS 50,746 76,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)

Balance Sheet - continued
28 February 2025


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 5 June 2025 and were signed on its behalf by:




Mr L D G Jackson - Director Mr A R Murphy - Director




Mr A J L Walker - Director


Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Broadbent Welding & Industrial Supplies Ltd 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.

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 - 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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.

Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

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 8 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 March 2024 2,300 1,960 67,240 1,437 72,937
Additions - - 40,711 415 41,126
Disposals - - (6,500 ) - (6,500 )
At 28 February 2025 2,300 1,960 101,451 1,852 107,563
DEPRECIATION
At 1 March 2024 230 163 21,500 403 22,296
Charge for year 460 360 13,610 523 14,953
Eliminated on disposal - - (1,300 ) - (1,300 )
At 28 February 2025 690 523 33,810 926 35,949
NET BOOK VALUE
At 28 February 2025 1,610 1,437 67,641 926 71,614
At 29 February 2024 2,070 1,797 45,740 1,034 50,641

Included within the net book value above is £67,641 (2024 - £40,540), which relates to assets held under finance agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £13,610 (2024 - £12,148).

5. STOCKS
28.2.25 29.2.24
£ £
Stocks 48,241 45,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£ £
Trade debtors 276,471 256,712
Amounts owed by associates 96,584 109,164
Other debtors 55,144 44,936
428,199 410,812

Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£ £
Bank loans and overdrafts (see note 9) - 33,437
Hire purchase contracts and finance leases (see note 10)
17,439

7,662
Trade creditors 176,300 171,123
Taxation and social security 52,631 37,169
Other creditors 210,009 157,926
456,379 407,317

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£ £
Hire purchase contracts and finance leases (see note 10)
54,767

34,044

9. LOANS

An analysis of the maturity of loans is given below:

28.2.25 29.2.24
£ £
Amounts falling due within one year or on demand:
Bank loans - 33,437
Other loans 3,860 2,975
3,860 36,412

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
28.2.25 29.2.24 28.2.25 29.2.24
£ £ £ £
Net obligations repayable:
Within one year 9,465 - 7,974 7,662
Between one and five years 28,698 - 26,069 34,044
38,163 - 34,043 41,706

Non-cancellable
operating leases
28.2.25 29.2.24
£ £
Within one year 12,541 18,812
Between one and five years - 12,541
12,541 31,353

Broadbent Welding & Industrial Supplies
Ltd (Registered number: 12463349)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£ £
Bank loans - 33,437
Hire purchase contracts and finance leases 72,206 -
Finance Lease 34,044 41,706
Invoice Factoring 201,059 148,062
307,309 223,205

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 28 February 2024:

28.02.2529.02.24
££
Director 1
Balance outstanding at start of year-35,686
Amounts advanced67,54067,876
Amounts repaid(67,540)(103,562)
Balance outstanding at end of year--

Director 2
Balance outstanding at start of year-10,734
Amounts advanced55,91359,349
Amounts repaid(55,913)(70,083)
Balance outstanding at end of year--

Director 3
Balance outstanding at start of year31,04418,090
Amounts advanced44,69840,053
Amounts repaid(38,385)(27,099)
Balance outstanding at end of year37,35731,044

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £96,584 (2024 - £109,032) from Broadbent (Holdings) Limited. The directors in Broadbent Welding & Industrial Supplied Limited are also the same in Broadbent (Holdings) Limited.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Broadbent (Holdings) Limited.

The ultimate controlling party is its directors..