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REGISTERED NUMBER: 07800812 (England and Wales)















DIRECTOR'S REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AUSTIN BROADY ASSOCIATES LIMITED

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024










Page

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


AUSTIN BROADY ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: Mr Mark Broady





REGISTERED OFFICE: Millgate
58 The Hill
Sandbach
Cheshire
CW11 1HT





REGISTERED NUMBER: 07800812 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

DIRECTOR'S REPORT
for the Year Ended 31 October 2024


The director presents his report with the financial statements of the company for the year ended 31 October 2024.

DIRECTOR
Mr Mark Broady held office during the whole of the period from 1 November 2023 to the date of this report.

COMMENTARY ON PERFORMANCE
Whilst turnover increased during the year, profitability was lower than anticipated. This was primarily due to the company undertaking a speculative project aimed at developing internal expertise and building a foundation of knowledge in a new area of service delivery.

Although the project was delivered at reduced margins, it Is considered commercially successful and strategically valuable, having directly contributed to a strengthened market position. As a result, the company has already secured confirmed orders totalling to approximately £1.1 million for Q3 and Q4 of 2025, with projected orders of £1.2 million of the 2026 financial year. With the gained experience and having established new supply chains we would expect margins to improve on future projects.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Mark Broady - Director


29 August 2025

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AUSTIN BROADY ASSOCIATES LIMITED



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin
100 Barbirolli Square
Manchester
M2 3BD


29 August 2025

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

PROFIT AND LOSS ACCOUNT
for the Year Ended 31 October 2024

2024 2023
Notes £    £   

TURNOVER 1,925,249 1,831,567

Cost of sales 1,719,799 1,498,750
GROSS PROFIT 205,450 332,817

Administrative expenses 188,866 199,486
OPERATING PROFIT 4 16,584 133,331


Interest payable and similar expenses 6,181 6,994
PROFIT BEFORE TAXATION 10,403 126,337

Tax on profit 2,793 28,704
PROFIT FOR THE FINANCIAL YEAR 7,610 97,633

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,378 1,911

CURRENT ASSETS
Debtors 6 719,157 672,802
Cash at bank 7,749 23,009
726,906 695,811
CREDITORS
Amounts falling due within one year 7 514,359 420,387
NET CURRENT ASSETS 212,547 275,424
TOTAL ASSETS LESS CURRENT LIABILITIES 213,925 277,335

CREDITORS
Amounts falling due after more than one year 8 19,648 50,668
NET ASSETS 194,277 226,667

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 194,267 226,657
SHAREHOLDERS' FUNDS 194,277 226,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





Mr Mark Broady - Director


AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 31 October 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 November 2022 10 178,419 178,429
Profit for the year - 97,633 97,633
Total comprehensive income - 97,633 97,633
Dividends - (49,395 ) (49,395 )
Balance at 31 October 2023 10 226,657 226,667
Profit for the year - 7,610 7,610
Total comprehensive income - 7,610 7,610
Dividends - (40,000 ) (40,000 )
Balance at 31 October 2024 10 194,267 194,277

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Austin Broady Associates Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07800812. The address of the registered office and principal place of business is Millgate, 58 The Hill, Sandbach, Cheshire, CW11 1HT.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the design, supply and project management of the installation of air conditioning and ventilation systems in commercial environments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer Equipments - 25% on cost

At each balance sheet date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,150 1,256

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 5,023
Additions 617
At 31 October 2024 5,640
DEPRECIATION
At 1 November 2023 3,112
Charge for year 1,150
At 31 October 2024 4,262
NET BOOK VALUE
At 31 October 2024 1,378
At 31 October 2023 1,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 515,380 496,142
Other debtors 96,430 85,489
VAT 45,646 16,685
Prepayments and accrued income 61,701 74,486
719,157 672,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 35,268 35,120
Trade creditors 445,515 321,720
Tax 21,497 43,699
Social security and other taxes 6,695 15,701
Other creditors 166 146
Directors' current accounts 1,258 41
Accrued expenses 3,960 3,960
514,359 420,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 19,648 50,668

AUSTIN BROADY ASSOCIATES LIMITED (REGISTERED NUMBER: 07800812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 35,268 35,120

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,043 35,376

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,605 15,292

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary shares 1 10 10

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan owing to the director of £1,258 (2024: £41). This loan is interest free and has no set repayment date.