Broadley Creative Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10283931 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

BROADLEY CREATIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms D E Broadley

REGISTERED OFFICE:

28 Aubrey Road

Bedminster

Bristol

BS3 3EX

REGISTERED NUMBER:

10283931 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

849

1,230

CURRENT ASSETS

Debtors

5

-

2,275

Cash at bank

18,482

9,478

18,482

11,753

CREDITORS

Amounts falling due within one year

6

10,609

11,685

NET CURRENT ASSETS

7,873

68

TOTAL ASSETS LESS CURRENT LIABILITIES

8,722

1,298

PROVISIONS FOR LIABILITIES

7

106

166

NET ASSETS

8,616

1,132

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

8,516

1,032

SHAREHOLDERS' FUNDS

8,616

1,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director on 18 December 2019 and were signed by:

Ms D E Broadley - Director

1.	STATUTORY INFORMATION

Broadley Creative Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 year

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.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes

party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are

measured on initial recognition at transaction price. Debtors and creditors are subsequently

measured at amortised cost using the effective interest rate method. A provision is established

when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in

hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance

with the substance of the contractual arrangements entered into and the definitions of a

financial liability and an equity instrument. An equity instrument is any contract that evidences a

residual interest in the assets of the company after deducting all of its liabilities. Equity

instruments issued by the company are recorded at the proceeds received, net of any direct

issue costs.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

2,454

Additions

643

At 31 March 2019

3,097

DEPRECIATION

At 1 April 2018

1,224

Charge for year

1,024

At 31 March 2019

2,248

NET BOOK VALUE

At 31 March 2019

849

At 31 March 2018

1,230

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

2,275

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation Tax

5,849

9,046

Other creditors

112

113

Director's current account

4

126

Accrued expenses

4,644

2,400

10,609

11,685

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

106

166

Deferred

tax

£

Balance at 1 April 2018

166

Provided during year

(60

)

Balance at 31 March 2019

106

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the year end the company owed £4 (2018 - £126) to Ms D E Broadley, the director of the

company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms D E Broadley.