Broomhill Developments (South) Ltd
Broomhill Developments (South) Ltd
Registered number: 07314173
Unaudited Financial Statements
For the Period 1 August 2019 to 30 June 2020
Broomhill Developments (South) Ltd
Unaudited Financial Statements
For the Period 1 August 2019 to 30 June 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Broomhill Developments (South) Ltd
Balance Sheet
As at
30 June 2020
Balance Sheet
Registered number:
07314173
For the period ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 June 2020 | 31 July 2019 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (44,831) | (41,821) | |||
Page 1
Broomhill Developments (South) Ltd
Balance Sheet (continued)
As at
30 June 2020
Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Broomhill Developments (South) Ltd
Notes to the Financial Statements
For the Period 1 August 2019 to 30 June 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.3.
Cash
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.
1.4.
Taxation
The tax currently based on the trading results for the year. Taxable profit differs from the trading results as reported in statement of comprehensive results because of the items of income or expenses that are taxable or deductible in other year and items that are never taxable or deductible in other year and items that are never taxable or dediuctible.
The company's lliabilityfor the current year is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of officers, including directors, during the year was as follows:
| 30 June 2020 | 31 July 2019 | ||
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| Office and administration |
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3.
Stocks
| 30 June 2020 | 31 July 2019 | ||
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| £ | £ | ||
| Stock - work in progress |
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Page 3
Broomhill Developments (South) Ltd
Notes to the Financial Statements (continued)
For the Period 1 August 2019 to 30 June 2020
4.
Debtors
| 30 June 2020 | 31 July 2019 | ||
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| £ | £ | ||
| Due within one year | |||
| VAT |
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5.
Creditors: Amounts Falling Due Within One Year
| 30 June 2020 | 31 July 2019 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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6.
Share Capital
| 30 June 2020 | 31 July 2019 | ||
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| Allotted, Called up and fully paid |
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7.
Contingent Liabilities
| 30 June 2020 | 31 July 2019 | ||
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| £ | £ | ||
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The company has entered into an option arrangement and warranted to pay the sellers costs which are estimated by the directors to be £5,200 plus VAT .
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6,240 | |
8.
Related Party Transactions
At the balance sheet date the company owes £195,186 (2019: £172,361) to N R Hales at the period end.
9.
General Information
Broomhill Developments (South) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07314173 . The registered office is 33 Mount Ephraim Mount Ephraim, Tunbridge Wells, TN4 8AA.
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