BROKER BUSINESS LIMITED

Company Registration Number:
11883618 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 1 April 2020

End date: 31 March 2021

BROKER BUSINESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BROKER BUSINESS LIMITED

Directors' report period ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Directors

The director shown below has held office during the whole of the period from
1 April 2020 to 31 March 2021

Abdul Khaliq


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 August 2021

And signed on behalf of the board by:
Name: Abdul Khaliq
Status: Director

BROKER BUSINESS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2021

2021 13 months to 31 March 2020


£

£
Turnover: 1,793,827 1,325,984
Cost of sales: ( 1,028,743 ) ( 812,985 )
Gross profit(or loss): 765,084 512,999
Distribution costs: ( 63,829 ) ( 41,980 )
Administrative expenses: ( 310,283 ) ( 298,044 )
Operating profit(or loss): 390,972 172,975
Profit(or loss) before tax: 390,972 172,975
Tax: ( 74,285 ) ( 32,865 )
Profit(or loss) for the financial year: 316,687 140,110

BROKER BUSINESS LIMITED

Balance sheet

As at 31 March 2021

Notes 2021 13 months to 31 March 2020


£

£
Fixed assets
Tangible assets: 3 190,134 45,543
Total fixed assets: 190,134 45,543
Current assets
Stocks: 4 86,938 40,215
Debtors: 5 214,873 163,698
Cash at bank and in hand: 82,736 31,509
Total current assets: 384,547 235,422
Creditors: amounts falling due within one year: 6 ( 117,883 ) ( 140,854 )
Net current assets (liabilities): 266,664 94,568
Total assets less current liabilities: 456,798 140,111
Total net assets (liabilities): 456,798 140,111
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 456,797 140,110
Total Shareholders' funds: 456,798 140,111

The notes form part of these financial statements

BROKER BUSINESS LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

This report was approved by the board of directors on 3 August 2021
and signed on behalf of the board by:

Name: Abdul Khaliq
Status: Director

The notes form part of these financial statements

BROKER BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of Vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis :Plant and Equipment 10%Furniture and Fittings 15%Motor Vehicles 20%Office Equipment 20%Land and Buildings 0%

BROKER BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    2021 13 months to 31 March 2020
    Average number of employees during the period 6 5

BROKER BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2020 0 0 0 29,540 23,578 53,118
Additions 38,494 27,391 66,739 54,870 187,494
Disposals
Revaluations
Transfers
At 31 March 2021 0 38,494 27,391 96,279 78,448 240,612
Depreciation
At 1 April 2020 0 0 0 4,431 3,144 7,575
Charge for year 0 3,849 4,109 19,255 15,690 42,903
On disposals
Other adjustments
At 31 March 2021 0 3,849 4,109 23,686 18,834 50,478
Net book value
At 31 March 2021 0 34,645 23,282 72,593 59,614 190,134
At 31 March 2020 0 0 0 25,109 20,434 45,543

BROKER BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Stocks

2021 13 months to 31 March 2020
£ £
Stocks 86,938 40,215
Total 86,938 40,215

BROKER BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Debtors

2021 13 months to 31 March 2020
£ £
Trade debtors 214,873 163,698
Total 214,873 163,698

BROKER BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Creditors: amounts falling due within one year note

2021 13 months to 31 March 2020
£ £
Trade creditors 43,598 107,989
Taxation and social security 74,285 32,865
Total 117,883 140,854