Registered number: 4026680 | ||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||
Bridport Capital Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Suffolk | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 4026680 | ||||||||
BANKERS | ||||||||
Handelsbanken | ||||||||
SOLICITORS | ||||||||
Buckles Solicitors LLP | ||||||||
Bridport Capital Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Bridport Capital Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
1,010,839 | 1,003,074 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 832,532 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 815,797 | 834,017 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Bridport Capital Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. | ||||||||
Equipment | reducing balance15% |
1c. Stocks | ||||||||
Stock and work in progress are valued at the lower of cost and and net realisable value. |
1d. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain assets. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £. |
1e. Turnover | ||||||||
Turnover represents the amounts from property sales and rental during the year. |
1f. Provisions | ||||||||
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. |
1g. Loans And Borrowings | ||||||||
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Financial liabilities classified as payable within one year are not amortised. |
Bridport Capital Limited | ||||||||
1h. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. | ||||||||
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued investment properties is measured using the rates and allowances that apply to the sale of the asset. |
2. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/08/2022 | 3,911 | 3,911 | ||
Disposals | (611) | (611) | ||
At 31/07/2023 | 3,300 | 3,300 | ||
Depreciation | ||||
At 01/08/2022 | 2,326 | 2,326 | ||
Disposals | (356) | (356) | ||
For the year | 200 | 200 | ||
At 31/07/2023 | 2,170 | 2,170 | ||
Net Book Amounts | ||||
At 31/07/2023 | 1,130 | |||
At 31/07/2022 | 1,585 | |||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Bridport Capital Limited | ||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Prepayments | 2,029 | 2,952 | ||||||
2,029 | 2,952 | |||||||
Amounts falling due over more than one year | ||||||||
Long term debtor | 7,471 | 3,352 | ||||||
7,471 | 3,352 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors current account | 190,726 | 163,859 | ||||||
Trade creditors | 1,472 | 2,979 | ||||||
Accruals | 3,874 | 3,704 | ||||||
196,072 | 170,542 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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