ACCOUNTS - Final Accounts

BROADLEAF CONSTRUCTION LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-11-01falseThe company's principal activity for the period was that of construction of commercial buildings.22truetrue 03082904 2021-11-01 2022-10-31 03082904 2020-11-01 2021-10-31 03082904 2022-10-31 03082904 2021-10-31 03082904 c:Director2 2021-11-01 2022-10-31 03082904 d:FurnitureFittings 2021-11-01 2022-10-31 03082904 d:FurnitureFittings 2022-10-31 03082904 d:FurnitureFittings 2021-10-31 03082904 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 03082904 d:OfficeEquipment 2021-11-01 2022-10-31 03082904 d:OfficeEquipment 2022-10-31 03082904 d:OfficeEquipment 2021-10-31 03082904 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 03082904 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 03082904 d:CurrentFinancialInstruments 2022-10-31 03082904 d:CurrentFinancialInstruments 2021-10-31 03082904 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 03082904 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 03082904 d:ShareCapital 2022-10-31 03082904 d:ShareCapital 2021-10-31 03082904 d:RetainedEarningsAccumulatedLosses 2022-10-31 03082904 d:RetainedEarningsAccumulatedLosses 2021-10-31 03082904 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 03082904 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-10-31 03082904 c:FRS102 2021-11-01 2022-10-31 03082904 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 03082904 c:FullAccounts 2021-11-01 2022-10-31 03082904 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 03082904 2 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 03082904

BROADLEAF CONSTRUCTION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

BROADLEAF CONSTRUCTION LIMITED

REGISTERED NUMBER: 03082904

BALANCE SHEET

AS AT 31 OCTOBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		-		50
			-		50
Current assets
Debtors: amounts falling due within one year	5	2,428		33,874
Cash at bank and in hand	6	11,325		1,300
		13,753		35,174
Creditors: amounts falling due within one year	7	(13,722)		(21,368)
Net current assets			31		13,806
Total assets less current liabilities			31		13,856

Net assets			31		13,856

Capital and reserves
Called up share capital	100	100
Profit and loss account	(69)	13,756
	31	13,856

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BROADLEAF CONSTRUCTION LIMITED

REGISTERED NUMBER: 03082904

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr N J Watts

Director

Date: 31 July 2023

The notes on pages 3 to 7 form part of these financial statements.

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BROADLEAF CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

1.	General information

Broadleaf Construction Limited is a private company incorporated in the United Kingdom, registered in England and Wales. The registered office is Unit 6, The Camp Industrial Estate, Rycote Lane Milton Common, Thame Oxfordshire, OX9 2NP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existance for the foreseeable future.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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BROADLEAF CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	15%
				Office equipment	-	15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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BROADLEAF CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

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BROADLEAF CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

4.	Tangible fixed assets

	Fixtures & fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 November 2021	1,000	595	1,595
At 31 October 2022	1,000	595	1,595
Depreciation
At 1 November 2021	981	564	1,545
Charge for the year on owned assets	19	31	50
At 31 October 2022	1,000	595	1,595
Net book value
At 31 October 2022	-	-	-
At 31 October 2021	19	31	50

Debtors

					2022	2021
					£	£


Trade debtors	-	32,214
Other debtors	-	10
Prepayments and accrued income	2,428	1,650
	2,428	33,874

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	11,324	1,300
	11,324	1,300

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BROADLEAF CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	4,470	3,770
Other taxation and social security	1,034	6,853
Other creditors	5,858	5,857
Accruals and deferred income	2,360	4,888
	13,722	21,368

8.	Financial instruments
		2022	2021
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	11,324	1,300

Financial assets measured at fair value through profit or loss comprise of cash at bank.

9.	Related party transactions
	During the year the company had transactions with Broadleaf Joinery Limited, a company in which Mrs B J Watts owns 50% of the issued share capital. Broadleaf Construction paid Broadleaf Joinery £24,314 for materials during the year. Amounts owed to Broadleaf Joinery at the year end was £5,857 (2021 £5,857)

10.	Controlling party

The company is controlled by Mrs B J Watts, who owns 80% of the issued share capital.

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