Registered number
00964139
J.Broomhall Limited
Filleted Accounts
31 December 2024
J.Broomhall Limited
Registered number: 00964139
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 118,818 121,580
Investments 4 227,363 227,363
346,181 348,943
Current assets
Stocks 15,000 15,000
Debtors 5 15,125 14,769
Cash at bank and in hand 1,510,940 1,325,215
1,541,065 1,354,984
Creditors: amounts falling due within one year 6 (173,311) (192,271)
Net current assets 1,367,754 1,162,713
Total assets less current liabilities 1,713,935 1,511,656
Provisions for liabilities (23,597) (23,597)
Net assets 1,690,338 1,488,059
Capital and reserves
Called up share capital 68 68
Share premium (259,967) (259,967)
Profit and loss account 1,950,237 1,747,958
Shareholders' funds 1,690,338 1,488,059
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.
SF Broomhall Director
Approved by the board on 31 January 2025
J.Broomhall Limited
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Land and buildings Nil (was over 50 years)
Plant and machinery over 4 years (was 15% reducing balance)
Computer equipment over 4 years (was 3% reducing balance)
Motor vehicles over 4 years (was 25% reducing balance)
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 17 17
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 102,913 248,678 73,940 425,531
Additions - 4,850 - 4,850
At 31 December 2024 102,913 253,528 73,940 430,381
Depreciation
At 1 January 2024 61,913 180,633 61,405 303,951
Charge for the year (61,913) 56,990 12,535 7,612
At 31 December 2024 - 237,623 73,940 311,563
Net book value
At 31 December 2024 102,913 15,905 - 118,818
At 31 December 2023 41,000 68,045 12,535 121,580
4 Investments
Other
investments
£
Cost
At 1 January 2024 227,363
At 31 December 2024 227,363
5 Debtors 2024 2023
£ £
Trade debtors 7,500 7,000
Other debtors 7,625 7,769
15,125 14,769
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 71,000 75,498
Taxation and social security costs 80,347 45,709
Directors loan account 9,464 9,464
Other creditors 12,500 61,600
173,311 192,271
7 Controlling party
The company is contolled by the directors.
8 Other information
J.Broomhall Limited is a private company limited by shares and incorporated in England. Its registered office is:
Alkerton Place
Eastington
Glos
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