Company Registration No. 04024506 (England and Wales)
Broadgate Technologies Limited
Unaudited accounts
for the year ended 31 December 2024
Broadgate Technologies Limited
Unaudited accounts
Contents
Broadgate Technologies Limited
Company Information
for the year ended 31 December 2024
Directors
S D Gautam
G Venkataramani
R S Jacobs
Company Number
04024506 (England and Wales)
Registered Office
16 Tillingbourne Gardens
Finchley
LONDON
N3 3JL
United Kingdom
Accountants
Alexander-Passe & Co
16 Tillingbourne Gardens
London
N3 3JL
Broadgate Technologies Limited
Statement of financial position
as at 31 December 2024
Tangible assets
4,565
3,863
Cash at bank and in hand
2,669,185
2,527,260
Creditors: amounts falling due within one year
(147,082)
(443,346)
Net current assets
2,905,931
2,644,184
Net assets
2,910,496
2,648,047
Called up share capital
501
501
Capital redemption reserve
499
499
Profit and loss account
2,909,496
2,647,047
Shareholders' funds
2,910,496
2,648,047
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by
G Venkataramani
Director
Company Registration No. 04024506
Broadgate Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
Broadgate Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 04024506. The registered office is 16 Tillingbourne Gardens, Finchley, LONDON, N3 3JL, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Broadgate Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Computer equipment
At 31 December 2024
18,811
At 31 December 2024
14,246
Amounts falling due within one year
Trade debtors
237,984
464,949
Accrued income and prepayments
110,348
66,550
Other debtors
35,496
28,771
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
17,161
23,253
Taxes and social security
97,161
142,203
Other creditors
4,832
5,753
Allotted, called up and fully paid:
501 Ordinary shares of £1 each
501
501
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Average number of employees
During the year the average number of employees was 5 (2023: 5).