BROOMWAY_LIMITED - Accounts

BROOMWAY_LIMITED - Accounts

BROOMWAY LIMITED - Company Information

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Company Registration No. 04163488 (England and Wales)
BROOMWAY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2014
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 2014
30 April 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,114,384
827,507
Investments
2
416,970
474,014
1,531,354
1,301,521
Current assets
Debtors
13,860
-
0
Cash at bank and in hand
138,980
5,786
152,840
5,786
Creditors: amounts falling due within one year
3
(69,912)
(45,345)
Net current assets/(liabilities)
82,928
(39,559)
Total assets less current liabilities
1,614,282
1,261,962
Creditors: amounts falling due after more than one year
4
(694,735)
(767,271)
Provisions for liabilities
(9,501)
(11,331)
910,046
483,360
Capital and reserves
Called up share capital
5
103
103
Revaluation reserve
737,766
437,766
Profit and loss account
172,177
45,491
Shareholders' funds
910,046
483,360
BROOMWAY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2014
30 April 2014
- 2 -
For the financial year ended 30 April 2014 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 26 January 2015
Mr M Pearce
Director
Company Registration No. 04163488
BROOMWAY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
- 3 -
1
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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
5% per annum of cost
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
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.
BROOMWAY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost or valuation
At 1 May 2013
880,000
474,014
1,354,014
Revaluation
300,000
-
300,000
Disposals
-
0
(57,044)
(57,044)
At 30 April 2014
1,180,000
416,970
1,596,970
Depreciation
At 1 May 2013
52,493
-
52,493
Charge for the year
13,123
-
13,123
At 30 April 2014
65,616
-
65,616
Net book value
At 30 April 2014
1,114,384
416,970
1,531,354
At 30 April 2013
827,507
474,014
1,301,521
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
2014
2014
Principal activity
£
£
Lancebox Limited
Demolition and building contractors
257,192
249,744
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £31,476 (2013 - £29,007).
BROOMWAY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 5 -
4
Creditors: amounts falling due after more than one year
2014
2013
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
-
39,191
The aggregate amount of creditors for which security has been given amounted to £294,735 (2013 - £328,080).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
3 Ordinary 'A' shares of £1 each
3
3
103
103
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