Broadway Kitchens and Bedrooms Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03801742 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Broadway Kitchens & Bedrooms (Midlands)

Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

Mr S S Sembhy

Mr A Kandola

Mr M S Sembhy

SECRETARY:

Mr S S Sembhy

REGISTERED OFFICE:

84 Bath Street

Walsall

West Midlands

WS1 3DE

REGISTERED NUMBER:

03801742 (England and Wales)

ACCOUNTANTS:

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Broadway Kitchens & Bedrooms (Midlands) Limited for the year ended 30 September 2014

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Broadway Kitchens & Bedrooms (Midlands) Limited, as a body,

in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of Broadway Kitchens & Bedrooms (Midlands) Limited and state those matters that we have agreed

to state to the Board of Directors of Broadway Kitchens & Bedrooms (Midlands) Limited, as a body, in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or

for this report.

It is your duty to ensure that Broadway Kitchens & Bedrooms (Midlands) Limited has kept adequate accounting records

and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

profit of Broadway Kitchens & Bedrooms (Midlands) Limited. You consider that Broadway Kitchens & Bedrooms

(Midlands) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Broadway Kitchens &

Bedrooms (Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

1 April 2015

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

54,067

62,021

Investments

4

351,936

351,936

406,003

413,957

CURRENT ASSETS

Stocks

40,000

35,000

Debtors

26,763

64,276

Cash at bank and in hand

2,745

145,568

69,508

244,844

CREDITORS

Amounts falling due within one year

281,906

447,997

NET CURRENT LIABILITIES

(212,398

)

(203,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

193,605

210,804

PROVISIONS FOR LIABILITIES

6,880

6,890

NET ASSETS

186,725

203,914

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

186,625

203,814

SHAREHOLDERS' FUNDS

186,725

203,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 April 2015 and were signed on its behalf by:

Mr S S Sembhy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

67,500

AMORTISATION

At 1 October 2013

and 30 September 2014

67,500

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

477,356

Additions

6,555

At 30 September 2014

483,911

DEPRECIATION

At 1 October 2013

415,335

Charge for year

14,509

At 30 September 2014

429,844

NET BOOK VALUE

At 30 September 2014

54,067

At 30 September 2013

62,021

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

and 30 September 2014

351,936

NET BOOK VALUE

At 30 September 2014

351,936

At 30 September 2013

351,936

The directors have considered the value of the assets without actually revaluing them.The directors are satisfied

that the aggregate value of those assets at the time in question was not less than the aggregate amount at which

they were stated in the company accounts.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

Ordinary

£1

100

100