Broadstreet Limited - Accounts to registrar (filleted) - small 23.2.5

Broadstreet Limited - Accounts to registrar (filleted) - small 23.2.5

BROADSTREET LIMITED - Company Information

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REGISTERED NUMBER: 03360544 (England and Wales)



















BROADSTREET LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022






BROADSTREET LIMITED (REGISTERED NUMBER: 03360544)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


BROADSTREET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: Mr A Scher
Mrs C Felberbaum





SECRETARY: Mr A Scher





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 03360544 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS
Page 1
BROADSTREET LIMITED (REGISTERED NUMBER: 03360544)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 5 434,253 618,015
Debtors 6 1,060,834 858,975
Cash at bank 12,634 21,046
1,507,721 1,498,036
CREDITORS
Amounts falling due within one year 7 331,345 489,823
NET CURRENT ASSETS 1,176,376 1,008,213
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,176,376
1,008,213

CREDITORS
Amounts falling due after more than one
year
8
627,856
627,856
NET ASSETS 548,520 380,357

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 548,420 380,257
548,520 380,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 notes on pages 4 to 5 form part of these financial statements

Page 2
BROADSTREET LIMITED (REGISTERED NUMBER: 03360544)

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2023 and were signed on its behalf by:





Mrs C Felberbaum - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
BROADSTREET LIMITED (REGISTERED NUMBER: 03360544)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Broadstreet 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

5. STOCKS
2022 2021
£    £   
Stocks 434,253 618,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 9,473 12,714
Other debtors 1,051,361 846,261
1,060,834 858,975

Page 4
BROADSTREET LIMITED (REGISTERED NUMBER: 03360544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 156,649
Taxation and social security 39,600 5,002
Other creditors 291,745 328,172
331,345 489,823

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 627,856 627,856

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs by non-
instalments
627,856
627,856

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 627,856 784,505

The bank loan is secured by a legal charge over the company's assets.

10. RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £826,361 (2021: £845,961) due from a related company under common control.

Page 5