BROOMWAY_LIMITED - Accounts

BROOMWAY LIMITED - Company Information

Print Friendly Version

Company Registration No. 04163488 (England and Wales)

BROOMWAY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

BROOMWAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

BROOMWAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,360,492

1,373,615

Investments

589,011

575,281

1,949,503

1,948,896

Current assets

Debtors

13,860

17,585

Cash at bank and in hand

71,496

98,521

85,356

116,106

Creditors: amounts falling due within one year

(151,614)

(148,402)

Net current liabilities

(66,258)

(32,296)

Total assets less current liabilities

1,883,245

1,916,600

Creditors: amounts falling due after more than one year

(790,228)

(863,883)

Provisions for liabilities

(5,439)

(7,527)

1,087,578

1,045,190

Capital and reserves

Called up share capital

103

Revaluation reserve

737,766

Profit and loss account

349,709

307,321

Shareholders' funds

1,087,578

1,045,190

BROOMWAY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2017

Mr M Pearce

Director

Company Registration No. 04163488

BROOMWAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No depreciation is provided on land.

Plant and machinery

10% per annum of cost

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

1.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BROOMWAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2015

1,452,352

575,281

2,027,633

Disposals

13,730

At 30 April 2016

1,452,352

589,011

2,041,363

Depreciation

At 1 May 2015

78,738

Charge for the year

13,122

At 30 April 2016

91,860

Net book value

At 30 April 2016

1,360,492

589,011

1,949,503

At 30 April 2015

1,373,615

575,281

1,948,896

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Lancebox Limited

England and wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Lancebox Limited

Demolition and building contractors

928,889

304,809

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £73,400 (2015 - £72,355).

BROOMWAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 5 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £390,228 (2015 - £463,883).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

3 Ordinary 'A' shares of £1 each

103