Registered number
09906579
Bridge Arts Management Limited
Filleted Accounts
31 March 2023
Bridge Arts Management Limited
Registered number: 09906579
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 747 1,002
Current assets
Cash at bank and in hand 33,528 14,442
Creditors: amounts falling due within one year 4 (18,377) (12,916)
Net current assets 15,151 1,526
Net assets 15,898 2,528
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,897 2,527
Shareholder's funds 15,898 2,528
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bridget Canniere
Director
Approved by the board on 8 August 2023
Bridge Arts Management Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,178
At 31 March 2023 3,178
Depreciation
At 1 April 2022 2,176
Charge for the year 255
At 31 March 2023 2,431
Net book value
At 31 March 2023 747
At 31 March 2022 1,002
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 14,690 9,409
Other taxes and social security costs 2,063 2,597
Director's loan account 831 40
Other creditors 793 870
18,377 12,916
5 Other information
Bridge Arts Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Percheron Close
Isleworth
Middlesex
TW7 6SS
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