Registered number
05599047
Broadland Consultants Ltd
Filleted Accounts
31 December 2024
Broadland Consultants Ltd
Registered number: 05599047
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,903 9,718
Current assets
Debtors 4 234,031 283,257
Cash at bank and in hand 627,894 564,919
861,925 848,176
Creditors: amounts falling due within one year 5 (125,011) (107,522)
Net current assets 736,914 740,654
Total assets less current liabilities 761,817 750,372
Creditors: amounts falling due after more than one year 6 (5,290) (15,661)
Net assets 756,527 734,711
Capital and reserves
Called up share capital 1,150 1,150
Profit and loss account 755,377 733,561
Shareholders' funds 756,527 734,711
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gilvey
Director
Approved by the board on 8 August 2025
Broadland Consultants Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised when the service has been provided and commission is received.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 33,254
Additions 20,015
Disposals (584)
At 31 December 2024 52,685
Depreciation
At 1 January 2024 23,536
Charge for the year 4,680
On disposals (434)
At 31 December 2024 27,782
Net book value
At 31 December 2024 24,903
At 31 December 2023 9,718
4 Debtors 2024 2023
£ £
Trade debtors 22,480 26,481
Other debtors 211,551 256,776
234,031 283,257
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,375 10,119
Trade creditors 4,651 2,437
Taxation and social security costs 58,417 48,506
Other creditors 51,568 46,460
125,011 107,522
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,290 15,661
7 Other information
Broadland Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
38 High Street
Watton
Norfolk
IP25 6AE
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