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REGISTERED NUMBER: 11223444 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bridge Road 1 Ltd

Bridge Road 1 Ltd (Registered number: 11223444)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bridge Road 1 Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Mithun Makwana
Mr Priyesh Parmar





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 11223444 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Bridge Road 1 Ltd (Registered number: 11223444)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 633,959 674,425
Tangible assets 5 26,108 34,006
660,067 708,431

CURRENT ASSETS
Stocks 6 51,117 51,000
Debtors 7 107,836 103,050
Cash at bank and in hand 97,578 118,926
256,531 272,976
CREDITORS
Amounts falling due within one year 8 (388,023 ) (412,259 )
NET CURRENT LIABILITIES (131,492 ) (139,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,575

569,148

CREDITORS
Amounts falling due after more than
one year

9

(447,074

)

(505,697

)

PROVISIONS FOR LIABILITIES (4,022 ) (5,363 )
NET ASSETS 77,479 58,088

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 77,379 57,988
SHAREHOLDERS' FUNDS 77,479 58,088

Bridge Road 1 Ltd (Registered number: 11223444)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 September 2023 and were signed on its behalf by:





Mr Mithun Makwana - Director


Bridge Road 1 Ltd (Registered number: 11223444)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Bridge Road 1 Ltd is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Turnover comprises of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

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.


Bridge Road 1 Ltd (Registered number: 11223444)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 809,310
AMORTISATION
At 1 April 2022 134,885
Amortisation for year 40,466
At 31 March 2023 175,351
NET BOOK VALUE
At 31 March 2023 633,959
At 31 March 2022 674,425

Bridge Road 1 Ltd (Registered number: 11223444)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 8,420 6,924 38,995 54,339
DEPRECIATION
At 1 April 2022 2,639 3,680 14,014 20,333
Charge for year 842 811 6,245 7,898
At 31 March 2023 3,481 4,491 20,259 28,231
NET BOOK VALUE
At 31 March 2023 4,939 2,433 18,736 26,108
At 31 March 2022 5,781 3,244 24,981 34,006

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 51,117 -
Finished goods - 51,000
51,117 51,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 82,289 69,922
Other debtors 25,547 33,128
107,836 103,050

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 70,800 61,860
Hire purchase contracts 6,840 6,839
Trade creditors 112,813 125,393
Taxation and social security 22,899 30,093
Other creditors 174,671 188,074
388,023 412,259

Bridge Road 1 Ltd (Registered number: 11223444)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 438,215 491,254
Hire purchase contracts 8,859 14,443
447,074 505,697

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 417,348 460,747

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
80 Ordinary A £1 80 100
20 Ordinary B £1 20 -
100 100

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party are directors Mr M Makwana and Mr P Parmar by virtue of their ownership of 100% of the issued share capital in the company.