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Company Registration No. NI675968 (Northern Ireland)
Finnbridge Limited Unaudited accounts for the year ended 31 March 2023
Finnbridge Limited Unaudited accounts Contents
Page
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Finnbridge Limited Company Information for the year ended 31 March 2023
Directors
Paul Catterson Elaine Catterson
Company Number
NI675968 (Northern Ireland)
Registered Office
139A Kilrea Road Upperlands Maghera BT46 5TA Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Finnbridge Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,085 
80,756 
Investments
151 
151 
64,236 
80,907 
Current assets
Debtors
151,857 
146,970 
Cash at bank and in hand
72,396 
166,934 
224,253 
313,904 
Creditors: amounts falling due within one year
(38,823)
(34,639)
Net current assets
185,430 
279,265 
Net assets
249,666 
360,172 
Capital and reserves
Called up share capital
250 
250 
Revaluation reserve
70,354 
70,354 
Profit and loss account
179,062 
289,568 
Shareholders' funds
249,666 
360,172 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by
Paul Catterson Director Company Registration No. NI675968
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Finnbridge Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Finnbridge Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI675968. The registered office is 139A Kilrea Road, Upperlands, Maghera, BT46 5TA, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Investments
Investments in shares are included at fair value.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Finnbridge Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
78,001 
2,058 
3,297 
83,356 
At 31 March 2023
78,001 
2,058 
3,297 
83,356 
Depreciation
At 1 April 2022
2,600 
- 
- 
2,600 
Charge for the year
15,600 
412 
659 
16,671 
At 31 March 2023
18,200 
412 
659 
19,271 
Net book value
At 31 March 2023
59,801 
1,646 
2,638 
64,085 
At 31 March 2022
75,401 
2,058 
3,297 
80,756 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
151 
Valuation at 31 March 2023
151 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,000 
48,000 
Amounts due from group undertakings etc.
99,639 
98,337 
Other debtors
218 
633 
151,857 
146,970 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,870 
7,859 
Trade creditors
1,041 
1,389 
Taxes and social security
2,093 
1,073 
Other creditors
2,000 
1 
Loans from directors
24,547 
23,117 
Accruals
1,272 
1,200 
38,823 
34,639 
8
Average number of employees
During the year the average number of employees was 5 (2022: 2).
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