Broadfield Signs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08186634 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

BROADFIELD SIGNS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Burton

D E Burton

SECRETARY:

P Burton

REGISTERED OFFICE:

Unit 3 RME Building

Broadfield Road

Sheffield

South Yorkshire

S8 0XL

REGISTERED NUMBER:

08186634 (England and Wales)

ACCOUNTANTS:

Bryan Grey & Co

Broadfield House

18 Broadfield Road

Sheffield

S8 0XJ

FIXED ASSETS

Tangible assets

4

6,835

6,348

CURRENT ASSETS

Stocks

3,480

5,236

Debtors

10,521

17,863

Cash at bank and in hand

18,979

26,002

32,980

49,101

CREDITORS

Amounts falling due within one year

37,781

33,002

NET CURRENT (LIABILITIES)/ASSETS

(4,801

)

16,099

TOTAL ASSETS LESS CURRENT LIABILITIES

2,034

22,447

CREDITORS

Amounts falling due after more than one year

38,541

42,578

NET LIABILITIES

(36,507

)

(20,131

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(36,607

)

(20,231

)

(36,507

)

(20,131

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th May 2022 and were signed on its behalf by:

P Burton - Director

D E Burton - Director

1.	STATUTORY INFORMATION

Broadfield Signs 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.

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.

The financial statements have been prepared on the going concern basis on the assumption that the company can continue to rely on the support of the directors.

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.

Improvements to property

-

15% on reducing balance

Plant and equipment

-

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st September 2020

30,834

Additions

2,500

At 31st August 2021

33,334

DEPRECIATION

At 1st September 2020

24,486

Charge for year

2,013

At 31st August 2021

26,499

NET BOOK VALUE

At 31st August 2021

6,835

At 31st August 2020

6,348