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Registration number: 05246096

Broadway & West Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Broadway & West Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Broadway & West Ltd

Company Information

Directors

Mr Mohammad Harunur Rashid

Mr Leonardo Brasca

Registered office

121 Fulham Palace Road
Hammersmith
London
W6 8JA

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Broadway & West Ltd

(Registration number: 05246096)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

231

307

Tangible assets

5

15,385

14,957

 

15,616

15,264

Current assets

 

Debtors

6

157,857

210,961

Cash at bank and in hand

 

709,502

787,171

 

867,359

998,132

Creditors: Amounts falling due within one year

7

(655,618)

(779,718)

Net current assets

 

211,741

218,414

Total assets less current liabilities

 

227,357

233,678

Creditors: Amounts falling due after more than one year

7

(7,570)

(17,625)

Net assets

 

219,787

216,053

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

219,687

215,953

Shareholders' funds

 

219,787

216,053

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Broadway & West Ltd

(Registration number: 05246096)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................

Mr Leonardo Brasca
Director

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
121 Fulham Palace Road
Hammersmith
London
W6 8JA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing balance basis

Leasehold improvements

Amortisiation over term of lease

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangibles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables,cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2023

3,010

3,010

At 30 September 2024

3,010

3,010

Amortisation

At 1 October 2023

2,703

2,703

Amortisation charge

76

76

At 30 September 2024

2,779

2,779

Carrying amount

At 30 September 2024

231

231

At 30 September 2023

307

307

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

45,474

69,920

115,394

Additions

-

5,555

5,555

At 30 September 2024

45,474

75,475

120,949

Depreciation

At 1 October 2023

43,315

57,122

100,437

Charge for the year

540

4,587

5,127

At 30 September 2024

43,855

61,709

105,564

Carrying amount

At 30 September 2024

1,619

13,766

15,385

At 30 September 2023

2,159

12,798

14,957

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

8,450

39,388

Amounts owed by group undertakings and undertakings in which the company has a participating interest

10

136,288

136,288

Prepayments

 

1,787

1,076

Other debtors

 

11,332

34,209

 

157,857

210,961

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,648

10,648

Trade creditors

 

2,308

5,476

Taxation and social security

 

31,117

47,586

Accruals and deferred income

 

129

19

Other creditors

 

611,416

715,989

 

655,618

779,718

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

7,570

17,625

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         
 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

7,570

17,625

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,648

10,648

10

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

Mr Leonardo Brasca

Amount owed to/(from) Director

20,342

(17,066)

3,276

       
     

Mr Mohammad Harunur Rashid

Amount owed to/(from) Director

(6,500)

14,478

7,978

       
     

 

2023

At 1 October 2022
£

Advances to director
£

At 30 September 2023
£

Mr Leonardo Brasca

Amount owed to/(from) Director

18,712

1,630

20,342

       
     

Mr Mohammad Harunur Rashid

Amount owed to/(from) Director

30,818

(37,318)

(6,500)

       
     

 

Broadway & West Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

Summary of transactions with other related parties

Magic Treasures Investments Ltd - related party by way of common control
 

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

136,288

136,288

At end of period

136,288

136,288

2023

Other related parties
£

Total
£

At start of period

133,016

133,016

Advanced

3,272

3,272

At end of period

136,288

136,288