Company Registration No. 08260417 (England and Wales)
Broga Limited
Unaudited Financial Statements
for the year ended 30 September 2020
Broga Limited
Unaudited Financial Statements
Contents
Broga Limited
Company Information
for the year ended 30 September 2020
Directors
S.M Miller
H.J.K. Moustakas
Company Number
08260417 (England and Wales)
Registered Office
58 Carnarvon Road
London
E10 6DP
Accountants
BKH Accounting Limited
58 Carnarvon Road
London
E10 6DP
Broga Limited
Statement of financial position
as at 30 September 2020
Cash at bank and in hand
11,705
1,518
Creditors: amounts falling due within one year
(42,033)
(23,957)
Net current liabilities
(29,278)
(15,095)
Net liabilities
(29,278)
(15,095)
Called up share capital
174
172
Share premium
59,976
54,978
Profit and loss account
(89,428)
(70,245)
Shareholders' funds
(29,278)
(15,095)
For the year ending 30 September 2020 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2020 and were signed on its behalf by
S.M Miller
Director
Company Registration No. 08260417
Broga Limited
Notes to the Accounts
for the year ended 30 September 2020
Broga Limited is a private company, limited by shares, registered in England and Wales, registration number 08260417. The registered office is 58 Carnarvon Road, London, E10 6DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Broga Limited
Notes to the Accounts
for the year ended 30 September 2020
5
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
29,000
-
Trade creditors
6,963
2,568
Taxes and social security
175
191
Other creditors
1,645
16,948
Allotted, called up and fully paid:
174 Ordinary shares of £1 each
174
172
Shares issued during the period:
2 Ordinary shares of £1 each
2
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
