1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,627 2,294 333 2,627 333 xbrli:pure xbrli:shares iso4217:GBP 11515868 2022-09-01 2023-08-31 11515868 2023-08-31 11515868 2022-08-31 11515868 2021-09-01 2022-08-31 11515868 2022-08-31 11515868 2021-08-31 11515868 bus:Director1 2022-09-01 2023-08-31 11515868 core:WithinOneYear 2023-08-31 11515868 core:WithinOneYear 2022-08-31 11515868 core:AfterOneYear 2023-08-31 11515868 core:AfterOneYear 2022-08-31 11515868 core:ShareCapital 2023-08-31 11515868 core:ShareCapital 2022-08-31 11515868 core:RetainedEarningsAccumulatedLosses 2023-08-31 11515868 core:RetainedEarningsAccumulatedLosses 2022-08-31 11515868 bus:SmallEntities 2022-09-01 2023-08-31 11515868 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 11515868 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 11515868 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11515868 bus:FullAccounts 2022-09-01 2023-08-31 11515868 core:OfficeEquipment 2022-09-01 2023-08-31 11515868 core:OfficeEquipment 2023-08-31 11515868 core:OfficeEquipment 2022-08-31
COMPANY REGISTRATION NUMBER: 11515868
Blue Bridge Associates Limited
Filleted Unaudited Financial Statements
For the Year Ended
31 August 2023
Blue Bridge Associates Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
5
333
Current Assets
Debtors
6
24,395
27,468
Cash at bank and in hand
97,446
118,703
----------
----------
121,841
146,171
Creditors: amounts falling due within one year
7
45,856
55,258
----------
----------
Net Current Assets
75,985
90,913
---------
---------
Total Assets Less Current Liabilities
75,985
91,246
Creditors: amounts falling due after more than one year
8
14,536
21,536
---------
---------
Net Assets
61,449
69,710
---------
---------
Blue Bridge Associates Limited
Statement of Financial Position (continued)
31 August 2023
2023
2022
Note
£
£
£
Capital and Reserves
Called up share capital
100
100
Profit and loss account
61,349
69,610
---------
---------
Shareholder Funds
61,449
69,710
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 March 2024 , and are signed on behalf of the board by:
I C Stokes
Director
Company registration number: 11515868
Blue Bridge Associates Limited
Notes to the Financial Statements
Year Ended 31st August 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible Assets
Equipment
£
Cost
At 1st September 2022 and 31st August 2023
2,627
-------
Depreciation
At 1st September 2022
2,294
Charge for the year
333
-------
At 31st August 2023
2,627
-------
Carrying amount
At 31st August 2023
-------
At 31st August 2022
333
-------
6. Debtors
2023
2022
£
£
Trade debtors
24,395
27,468
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7,000
6,821
Trade creditors
1,818
Corporation tax
30,480
36,710
Social security and other taxes
7,360
8,107
Other creditors
1,016
1,802
---------
---------
45,856
55,258
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,536
21,536
---------
---------