Broadribb Limited - Filleted accounts


BROADRIBB LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2026



































Company Registration Number: 00321989

BROADRIBB LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 12

BROADRIBB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2026


DIRECTOR

I N H Allington


SECRETARY

I N H Allington


REGISTERED OFFICE

C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ


COMPANY REGISTRATION NUMBER

00321989 England and Wales

BROADRIBB LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Tangible assets	5		367,300		902,464
Investments	6		100		100


			367,400		902,564

CURRENT ASSETS
Stock		65,826		88,674
Debtors	7	264,002		48,147
Cash at bank and in hand		380,643		65,076


		710,471		201,897

CREDITORS: Amounts falling due within one year	8	252,795		289,303
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS / (LIABILITIES)			457,676		(87,406)


TOTAL ASSETS LESS CURRENT LIABILITIES			825,076		815,158

CREDITORS: Amounts falling due after more than one year	9		-		4,516
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			26,138		107,597


NET ASSETS			798,938		703,045


CAPITAL AND RESERVES
Called up share capital			800		800
Distributable profit and loss account			13,294		22,319
Non distributable profit and loss account			784,844		679,926


SHAREHOLDERS' FUNDS			798,938		703,045

BROADRIBB LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




I N H Allington
Director

Date approved by the board: 21 July 2026

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

GENERAL INFORMATION

Broadribb Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:

Registered office

Principal place of business

C9 Glyme Court

81 Sheep Street

Oxford Office Village

Bicester

Langford Lane

Oxfordshire

Kidlington

OX26 6JS

Oxford

OX5 1LQ

The financial statements are presented in Sterling, which is the functional currency of the company.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of preparation of financial statements

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

Revenue recognition

Turnover is measured at the fair value of consideration received or receivable and represents the value of cycles and related accessories sold, stated net of trade discounts and value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

Tangible fixed assets

Fixed assets, other than those stated below, are carried at cost less accumulated depreciation and accumulated impairment losses.

Fixed assets include freehold property which are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase and/or decrease in the carrying amount of freehold property is recognised in the statement of changes in equity and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in the profit and loss account, in which case the increase is credited to the profit and loss account to the extent of the decrease previously expended.

Decreases that offset previous increases of the same asset are charged in the statement of changes in equity and debited against the revaluation reserve in equity; decreases exceeding the balance in the revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in the profit and loss account and depreciation based on the asset's original cost is transferred from revaluation reserve to retained earnings.

Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

Freehold property and leasehold adaptations

Straight line basis at 2% per annum

Office equipment

Reducing balance basis at 25% per annum

Fixtures and fittings

Reducing balance basis at 12.5% per annum

Motor vehicles

Reducing balance basis at 25% per annum

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

Investments

Investments in subsidiaries are shown at cost less accumulated impairment losses.

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

Financial Instruments

A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Stock

Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis.

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, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

Leases

Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

Taxation

Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.

Deferred tax is measured using 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.

Current and deferred tax assets and liabilities are not discounted.

Pensions

The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

Consolidation

The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

						2026	2025
	Average number of employees					6	6


5	TANGIBLE ASSETS
		Freehold property and leasehold adaptations		Office equipment	Fixtures and fittings	Motor vehicles	Total
			£	£	£	£	£
	Cost
	At 1 February 2025		1,145,385	11,312	32,272	8,431	1,197,400

	Additions		156,073	-	-	-	156,073

	Disposals		(883,033)	-	-	-	(883,033)


	At 31 January 2026		418,425	11,312	32,272	8,431	470,440


	Accumulated depreciation and impairments
	At 1 February 2025		250,385	10,445	27,231	6,875	294,936

	Charge for year		22,908	217	630	390	24,145

	Disposals		(215,941)	-	-	-	(215,941)


	At 31 January 2026		57,352	10,662	27,861	7,265	103,140


	Net book value
	At 1 February 2025		895,000	867	5,041	1,556	902,464


	At 31 January 2026		361,073	650	4,411	1,166	367,300

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


6	FIXED ASSET INVESTMENTS
			Investment in subsidiary
			£
	Cost
	At 1 February 2025		100


	At 31 January 2026		100


	Net book value
	At 1 February 2025		100


	At 31 January 2026		100


7	DEBTORS
		2026	2025
		£	£
	Prepayments and accrued income	1,888	2,078
	Other debtors	262,114	46,069


		264,002	48,147


8	CREDITORS: Amounts falling due within one year
		2026	2025
		£	£
	Bank loans and overdrafts	6,187	11,368
	Trade creditors	1,839	3,562
	Taxation and social security	816	9,070
	Accruals and deferred income	7,572	7,145
	Other creditors	236,381	258,158


		252,795	289,303


9	CREDITORS: Amounts falling due after more than one year
		2026	2025
		£	£
	Bank loans and overdrafts	-	4,516

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


10	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Broadribb Property Limited	-	Subsidiary company

	During the year, the following transactions with related parties took place:

	I N H Allington
	Director			2026	2025
				£	£
	Advances to company		The director made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	74,580	95,022


	M Allington
	Shareholder			2026	2025
				£	£
	Advances to company		The shareholder made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the shareholder the following amount:	13,062	13,062


	P Allington
	Shareholder			2026	2025
				£	£
	Advances to company		The shareholder made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the shareholder the following amount:	11,353	11,353


	Newcycle Investments Limited
	Company under common control			2026	2025
				£	£
	Advances to company		Amount due to company under common control at the year end:	134,886	136,221

BROADRIBB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


10	RELATED PARTY TRANSACTIONS (continued…)

	Broadribb Cycles Limited
	Company under common control		2026	2025
			£	£
	Advances to company	Amount due from company under common control at the year end:	16,777	26,671


	Newcycle Property Limited
	Company under common control		2026	2025
			£	£
	Advances to company	Amount due from company under common control at the year end:	180	-