Broadsword Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10977137 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST OCTOBER 2018 TO 31ST MARCH 2020

FOR

BROADSWORD CONSULTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A James

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

10977137 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

-

4,106

CURRENT ASSETS

Debtors

5

58

17,280

Cash at bank

47,028

69,053

47,086

86,333

CREDITORS

Amounts falling due within one year

6

14,549

34,409

NET CURRENT ASSETS

32,537

51,924

TOTAL ASSETS LESS CURRENT LIABILITIES

32,537

56,030

PROVISIONS FOR LIABILITIES

7

-

780

NET ASSETS

32,537

55,250

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

32,536

55,249

SHAREHOLDERS' FUNDS

32,537

55,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th May 2020 and were signed by:

R A James - Director

1.	STATUTORY INFORMATION

Broadsword Consulting Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st October 2018

6,159

Disposals

(6,159

)

At 31st March 2020

-

DEPRECIATION

At 1st October 2018

2,053

Charge for period

3,080

Eliminated on disposal

(5,133

)

At 31st March 2020

-

NET BOOK VALUE

At 31st March 2020

-

At 30th September 2018

4,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

30/9/18

£

£

Trade debtors

-

17,280

Other debtors

58

-

58

17,280

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

30/9/18

£

£

Tax

10,542

20,465

VAT

-

11,509

Directors' current accounts

2,507

1,685

Accrued expenses

1,500

750

14,549

34,409

7.	PROVISIONS FOR LIABILITIES

31/3/20

30/9/18

£

£

Deferred tax

-

780

Deferred

tax

£

Balance at 1st October 2018

780

Accelerated capital allowances

(780

)

Balance at 31st March 2020

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/20

30/9/18

value:

£

£

1

Ordinary

£1

1

1

9.	ULTIMATE CONTROLLING PARTY

Mr R A James owns 100% of the company's issued share capital.