BRIDGE ARCHITECTS LIMITED
Registered number: 07793934
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 96,440 1,917
Current assets
Debtors 4 359,424 110,294
Cash at bank and in hand 92,988 177,495
452,412 287,789
Creditors: amounts falling due within one year 5 (130,515) (67,400)
Net current assets 321,897 220,389
Net assets 418,337 222,306
Capital and reserves
Called up share capital 2 2
Profit and loss account 418,335 222,304
Shareholders' funds 418,337 222,306
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R Bridge
Director
Approved by the board on 24 October 2023
BRIDGE ARCHITECTS LIMITED
Notes to the Accounts
for the year ended 31 January 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 50,117 - 50,117
Additions 7,608 105,054 112,662
At 31 January 2023 57,725 105,054 162,779
Depreciation
At 1 February 2022 48,200 - 48,200
Charge for the year 2,381 15,758 18,139
At 31 January 2023 50,581 15,758 66,339
Net book value
At 31 January 2023 7,144 89,296 96,440
At 31 January 2022 1,917 - 1,917
4 Debtors 2023 2022
£ £
Trade debtors 359,424 108,730
Other debtors - 1,564
359,424 110,294
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,457 13,188
Corporation tax 49,500 25,596
Other taxes and social security costs 64,257 22,680
Other creditors 9,301 5,936
130,515 67,400
6 Other information
BRIDGE ARCHITECTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
651a Mauldeth Road West
Chorlton
Manchester
M21 7SA
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