IRIS Accounts Production v18.3.0.592 04403402 Board of Directors Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false Ordinary "A" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044034022017-03-31044034022018-03-31044034022017-04-012018-03-31044034022016-03-31044034022016-04-012017-03-31044034022017-03-3104403402ns14:PoundSterling2017-04-012018-03-3104403402ns10:Director12017-04-012018-03-3104403402ns10:Director22017-04-012018-03-3104403402ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3104403402ns10:SmallEntities2017-04-012018-03-3104403402ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3104403402ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3104403402ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3104403402ns10:FullAccounts2017-04-012018-03-3104403402ns10:OrdinaryShareClass12017-04-012018-03-3104403402ns10:Director32017-04-012018-03-3104403402ns10:CompanySecretary12017-04-012018-03-3104403402ns10:RegisteredOffice2017-04-012018-03-3104403402ns5:CurrentFinancialInstruments2018-03-3104403402ns5:CurrentFinancialInstruments2017-03-3104403402ns5:Non-currentFinancialInstruments2018-03-3104403402ns5:Non-currentFinancialInstruments2017-03-3104403402ns5:ShareCapital2018-03-3104403402ns5:ShareCapital2017-03-3104403402ns5:RetainedEarningsAccumulatedLosses2018-03-3104403402ns5:RetainedEarningsAccumulatedLosses2017-03-3104403402ns5:PlantMachinery2017-04-012018-03-3104403402ns5:FurnitureFittings2017-04-012018-03-3104403402ns5:ComputerEquipment2017-04-012018-03-3104403402ns5:LeaseholdImprovements2017-03-3104403402ns5:PlantMachinery2017-03-3104403402ns5:FurnitureFittings2017-03-3104403402ns5:ComputerEquipment2017-03-3104403402ns5:LeaseholdImprovements2017-04-012018-03-3104403402ns5:LeaseholdImprovements2018-03-3104403402ns5:PlantMachinery2018-03-3104403402ns5:FurnitureFittings2018-03-3104403402ns5:ComputerEquipment2018-03-3104403402ns5:LeaseholdImprovements2017-03-3104403402ns5:PlantMachinery2017-03-3104403402ns5:FurnitureFittings2017-03-3104403402ns5:ComputerEquipment2017-03-3104403402ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3104403402ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3104403402ns10:OrdinaryShareClass12018-03-3104403402ns5:RetainedEarningsAccumulatedLosses2017-03-3104403402ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-31


REGISTERED NUMBER: 04403402









Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Bridwey Precision Manufacturing Ltd

Bridwey Precision Manufacturing Ltd (Registered number: 04403402)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bridwey Precision Manufacturing Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: M.D. Honnor
C Allen





SECRETARY: Mr. M.D. Honnor





REGISTERED OFFICE: 14a Albany Road
Weymouth
Dorset
DT4 9TH





REGISTERED NUMBER: 04403402





ACCOUNTANTS: Advoco
Chartered Certified Accountants
Chartered Tax Advisers
14a Albany Road
Weymouth
Dorset
DT4 9TH

Bridwey Precision Manufacturing Ltd (Registered number: 04403402)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513,103 315,321

CURRENT ASSETS
Stocks 5 274,224 309,443
Debtors 6 282,990 407,971
Cash at bank and in hand 5,870 1,104
563,084 718,518
CREDITORS
Amounts falling due within one year 7 767,061 713,541
NET CURRENT (LIABILITIES)/ASSETS (203,977 ) 4,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,126

320,298

CREDITORS
Amounts falling due after more than one
year

8

191,639

141,160
NET ASSETS 117,487 179,138

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 117,187 178,838
SHAREHOLDERS' FUNDS 117,487 179,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:




M.D. Honnor - Director



S D Ward - Director


Bridwey Precision Manufacturing Ltd (Registered number: 04403402)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Bridwey Precision Manufacturing Ltd is a private company, limited by shares , registered in Not specified/Other.
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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

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

Current or deferred 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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 NIL (2017 - 30 ).

Bridwey Precision Manufacturing Ltd (Registered number: 04403402)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 91,793 496,425 10,484 40,826 639,528
Additions - 233,972 - - 233,972
At 31 March 2018 91,793 730,397 10,484 40,826 873,500
DEPRECIATION
At 1 April 2017 - 283,426 6,132 34,649 324,207
Charge for year - 33,498 653 2,039 36,190
At 31 March 2018 - 316,924 6,785 36,688 360,397
NET BOOK VALUE
At 31 March 2018 91,793 413,473 3,699 4,138 513,103
At 31 March 2017 91,793 212,999 4,352 6,177 315,321

5. STOCKS
2018 2017
£    £   
Stock & WIP 274,224 309,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 262,176 393,760
Other debtors 1,029 1,029
Prepayments 19,785 13,182
282,990 407,971

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 9) 390,508 294,774
Hire purchase contracts 91,203 44,773
Trade creditors 163,531 185,318
Social security and other taxes 46,008 47,222
VAT 691 68,474
Other creditors 16,185 15,685
Credit card 8,789 8,501
Directors' current accounts 34,115 32,630
Accrued expenses 16,031 16,164
767,061 713,541

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans (see note 9) - 55,000
Hire purchase contracts 191,639 86,160
191,639 141,160

Bridwey Precision Manufacturing Ltd (Registered number: 04403402)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

9. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 215,608 294,774
Funding circle loan 174,900 -
390,508 294,774

Amounts falling due between one and two years:
Other loan - 55,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
300 Ordinary "A" £1 300 300

11. RESERVES
Retained
earnings
£   

At 1 April 2017 178,838
Profit for the year 28,199
Dividends (89,850 )
At 31 March 2018 117,187