| Registered Number:10707412 |
For the year ended 30 April 2025
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2025
K J Broom Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
K J Broom Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
356,461
386,167
2
356,461
386,167
10,000
49,779
3
| Trade and other receivables |
216,306
187,652
4
207,332
| Cash and cash equivalents |
175,070
412,501
433,638
| Trade and other payables: amounts falling due within one |
| year |
(297,905)
(280,416)
5
135,733
132,085
Net current assets
| Total assets less current liabilities |
488,546
521,900
| Trade and other payables: amounts falling due after more |
| than one year |
(23,499)
-
6
(87,545)
-
| Provisions for liabilities |
401,001
Net assets
498,401
1,000
1,000
400,001
497,401
401,001
498,401
Shareholders' funds
| For the year ended 30 April 2025 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 of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 April 2025
K J Broom Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 09 January 2026 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2025
K J Broom Ltd
Notes to the Financial Statements
Statutory Information
| K J Broom Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 10707412. |
| Principal place of business: |
The Retreat
Dalwood
Axminster
Devon
EX13 7DZ
Manor House
143 High Street
Honiton
Devon
EX14 1LJ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 April 2025
K J Broom Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
662,940
5,321
657,619
33,199
1,123
32,076
689,695
6,444
696,139
| Provision for depreciation and impairment |
276,773
1,890
274,883
Charge for year
62,905
683
62,222
339,678
2,573
337,105
352,590
3,871
356,461
382,736
3,431
386,167
2024
2025
49,779
10,000
| 4. Trade and other receivables |
2024
2025
172,217
196,708
15,435
19,598
216,306
187,652
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
92,428
97,244
| Taxation and social security |
44,941
8,514
143,047
192,147
280,416
297,905
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For the year ended 30 April 2025
K J Broom Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
-
23,499
| 7. Related party transactions |
| At 30th April 2025, the company owed £98,269 (2024: £99,339) to the director and shareholder, Mr K J Broom . The |
| loan is interest-free and repayable on demand. |
| 8. Average number of persons employed |
During the year the average number of employees was 6 (2024 : 6)
| These financial statements are the first prepared in accordance with FRS 102 Section 1A. The company previously |
| prepared its financial statements under the micro-entities regime (FRS 105). |
| The principal differences arising on transition relate to the recognition of deferred taxation and the increased |
| disclosure requirements under FRS 102. |
| On transition to FRS 102, deferred tax has been recognised in respect of timing differences. This resulted in a |
| reduction in opening reserves of £94,627. |
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