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Registration number: NI642340

Broughgammon Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2024

Broughgammon Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Broughgammon Limited

(Registration number: NI642340)
Balance Sheet as at 30 November 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 3,051 | 5,666
Tangible assets | 5 | 46,367 | 38,956
|  | 49,418 | 44,622
Current assets |  |  |
Stocks | 6 | 34,565 | 25,647
Debtors | 7 | 71,106 | 53,873
Cash at bank and in hand |  | 5,246 | 2,902
|  | 110,917 | 82,422
Creditors: Amounts falling due within one year | 8 | (159,692) | (110,507)
Net current liabilities |  | (48,775) | (28,085)
Total assets less current liabilities |  | 643 | 16,537
Creditors: Amounts falling due after more than one year | 8 | (7,078) | (11,770)
Provisions for liabilities |  | (678) | (1,584)
Net (liabilities)/assets |  | (7,113) | 3,183
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | (7,213) | 3,083
Shareholders' (deficit)/funds |  | (7,113) | 3,183

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Broughgammon Limited

(Registration number: NI642340)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:

......................................... Camilla Jane Cole Director

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.
The Company Registration Number is: NI642340

The address of its registered office is:
50 Straid Road
Ballycastle
County Antrim
BT54 6NP
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ Sterling.
The level of rounding is to the nearest £ Sterling.

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 is reduced for estimated customer returns, rebates and other similar allowances.
Sales of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Grants

Grant income is recognised when the grant's performance related conditions are met. Certain grants are given by the government without any conditions attached and where grants are unconditional, they should be recognised within income when they are receivable.

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that
taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold | 4% Straight Line
Plant & Machinery | 20% Straight Line

Intangible assets

Intangible assets are measured at cost less accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software Costs | 20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 5 (2023 - 4).

4 | Intangible assets

| Software Costs £ | Total £
Cost or valuation
At 1 December 2023 | 13,076 | 13,076
At 30 November 2024 | 13,076 | 13,076
Amortisation
At 1 December 2023 | 7,410 | 7,410
Amortisation charge | 2,615 | 2,615
At 30 November 2024 | 10,025 | 10,025
Carrying amount
At 30 November 2024 | 3,051 | 3,051
At 30 November 2023 | 5,666 | 5,666

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5 | Tangible assets

| Leasehold Land and buildings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 December 2023 | 28,639 | 32,488 | 61,127
Additions | - | 15,706 | 15,706
At 30 November 2024 | 28,639 | 48,194 | 76,833
Depreciation
At 1 December 2023 | 5,847 | 16,324 | 22,171
Charge for the year | 1,146 | 7,149 | 8,295
At 30 November 2024 | 6,993 | 23,473 | 30,466
Carrying amount
At 30 November 2024 | 21,646 | 24,721 | 46,367
At 30 November 2023 | 22,792 | 16,164 | 38,956

6 | Stocks

| 2024 £ | 2023 £
Other inventories | 34,565 | 25,647

7 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 5,422 | 7,888
Other debtors | 65,684 | 45,985
| 71,106 | 53,873

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings |  | 22,010 | 5,400
Trade creditors |  | 54,809 | 24,286
Taxation and social security |  | - | 2
Accruals and deferred income |  | 2,796 | 2,578
Other creditors |  | 80,077 | 78,241
|  | 159,692 | 110,507

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 7,078 | 11,770

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Allotted, Called Up and Fully Paid of £1 each | 100 | 100 | 100 | 100

Broughgammon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

10 | Related party transactions

Related party transactions with a partnership took place during the year. The company is a related party to the partnership by virtue of the fact its directors Camilla and Charles Cole have joint control over the partnership. A balance of £64,876 was owed by the partnership to the company at the year end (2023: £44,555).

Transactions with directors

2024 | At 1 December 2023 £ | Advances to director £ | Repayments by director £ | At 30 November 2024 £
Charles Richard Arthur Cole
| (6,700) | - | 164 | (6,536)
Camilla Jane Cole
| (71,541) | (14,176) | 12,176 | (73,541)

The above loan is unsecured, interest free and repayable on demand.