ACCOUNTS - Final Accounts preparation

Company registration number: 07659851

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2024

	BROADWAY CONSTRUCTION LIMITED


BROADWAY CONSTRUCTION LIMITED

COMPANY INFORMATION

Director	S J Fry


Registered number	07659851


Registered office	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


BROADWAY CONSTRUCTION LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


BROADWAY CONSTRUCTION LIMITED REGISTERED NUMBER:07659851

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		-		5,952
Tangible assets	5		16,966		24,062
			16,966		30,014
Current assets
Debtors: amounts falling due within one year	6	2,571		123,478
Cash at bank and in hand		23,797		8,958
		26,368		132,436
Creditors: amounts falling due within one year	7	(25,701)		(14,744)
Net current assets			667		117,692
Total assets less current liabilities			17,633		147,706
Creditors: amounts falling due after more than one year			(123,184)		(138,931)

Net (liabilities)/assets			(105,551)		8,775

Capital and reserves
Called up share capital	200,100	200,100
Profit and loss account	(305,651)	(191,325)
	(105,551)	8,775

Page 1


BROADWAY CONSTRUCTION LIMITED REGISTERED NUMBER:07659851

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S J Fry

Director

Date: 9 January 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


BROADWAY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

1.	General information

Broadway Construction 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The director has undertaken to continue his financial support of the company for the foreseeable future. On this basis he believes it is appropriate to prepare these accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


BROADWAY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


BROADWAY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	20%
				Fixtures and fittings	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 July 2023	238,594
	At 30 June 2024	238,594
	Amortisation
	At 1 July 2023	232,642
	Charge for the year on owned assets	5,952
	At 30 June 2024	238,594
	Net book value
	At 30 June 2024	-
	At 30 June 2023	5,952

Page 5


BROADWAY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

5.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 July 2023	33,750	1,733	35,483
At 30 June 2024	33,750	1,733	35,483
Depreciation
At 1 July 2023	10,438	983	11,421
Charge for the year on owned assets	6,750	346	7,096
At 30 June 2024	17,188	1,329	18,517
Net book value
At 30 June 2024	16,562	404	16,966
At 30 June 2023	23,312	750	24,062

Debtors

					2024	2023
					£	£


Trade debtors	239	-
Other debtors	2,332	2,357
Prepayments and accrued income	-	49,123
Deferred taxation	-	71,998
	2,571	123,478

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	23,701	12,744
Accruals and deferred income	2,000	2,000
	25,701	14,744

Page 6


BROADWAY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other creditors	123,184	138,931
	123,184	138,931

9.	Related party transactions
	At the balance sheet date the company owed £123,184 to the director. The balance can be found within creditors due after more than one year. No interest is being charged on this loan.

Page 7