Broadplace Advertising Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05435843 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BROADPLACE ADVERTISING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Chugh

SECRETARY:

A Syal

REGISTERED OFFICE:

LAN2LAN House

Brook Way

Leatherhead

Surrey

KT22 7NA

REGISTERED NUMBER:

05435843 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

626

1,930

Investments

6

224,629

225,255

226,559

CURRENT ASSETS

Debtors

7

605,185

446,507

Cash at bank and in hand

1,866,603

1,081,147

2,471,788

1,527,654

CREDITORS

Amounts falling due within one year

8

2,707,655

1,775,384

NET CURRENT LIABILITIES

(235,867

)

(247,730

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,612

)

(21,171

)

CAPITAL AND RESERVES

Called up share capital

85

Capital redemption reserve

9

15

Share option reserve

9

159,573

-

Retained earnings

9

(170,285

)

(21,271

)

SHAREHOLDERS' FUNDS

(10,612

)

(21,171

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 director and authorised for issue on 24 September 2025 and were signed by:

R Chugh - Director

1.	STATUTORY INFORMATION

Broadplace Advertising Limited 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 represents the net value of online advertising management, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Intangible assets: development costs

It is the company's policy to capitalise software and website development costs where such expenditure gives rise to an asset where the relationship between the expenditure and the future economic benefit is sufficiently certain.

Website development costs are being amortised over their expected useful life which is estimated at three years.

Tangible fixed assets

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

Office equipment and furniture

-

25% on cost

Computer equipment

-

25% on cost

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.

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 20 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2024

and 31 December 2024

63,262

511,325

574,587

AMORTISATION

At 1 January 2024

and 31 December 2024

63,262

511,325

574,587

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Office

equipment

and

Computer

furniture

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

21,799

47,859

69,658

DEPRECIATION

At 1 January 2024

21,799

45,929

67,728

Charge for year

-

1,304

At 31 December 2024

21,799

47,233

69,032

NET BOOK VALUE

At 31 December 2024

-

626

At 31 December 2023

-

1,930

6.	FIXED ASSET INVESTMENTS

Interest in

other

participating

interests

£

COST

At 1 January 2024

and 31 December 2024

224,629

NET BOOK VALUE

At 31 December 2024

224,629

At 31 December 2023

224,629

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

85,467

86,336

Amounts owed by group undertakings

480,081

357,651

Accrued income

37,158

15

Prepayments

2,479

2,505

605,185

446,507

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

1,674,314

956,580

Corporation tax

70

-

Social security and other taxes

22,941

28,736

VAT

36,770

53,125

Other creditors

966,056

718,022

Directors' loan accounts

-

12,000

Accrued expenses

7,504

6,921

2,707,655

1,775,384

9.

RESERVES

During the year under review, the company registered an EMI share options scheme. The scheme is open to certain employees and is based on exit only with options to buy if the company is sold.

The exercise on exit event is £0.32 per share and vested over 3 years. No further recipients can be added. A provision of £159,573 has been made to the Share Options Reserve.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R Chugh.