Company registration number 03065334 (England and Wales)
BRIDGEMILL SECTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BRIDGEMILL SECTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BRIDGEMILL SECTIONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
138,583
141,183
Current assets
Debtors
4
11,559
10,170
Cash at bank and in hand
58,790
70,984
70,349
81,154
Creditors: amounts falling due within one year
5
(107,591)
(110,545)
Net current liabilities
(37,242)
(29,391)
Net assets
101,341
111,792
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
101,241
111,692
Total equity
101,341
111,792

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 7 February 2024
Andrew Danks
Director
Company Registration No. 03065334
BRIDGEMILL SECTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Bridgemill Sections Limited is a private company limited by shares incorporated in England and Wales. The registered office is Phoenix Works, Peartree Lane, Dudley, West Midlands, DY2 0XH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
4% Straight Line
Fixtures, fittings & equipment
33.33% Straight Line
Motor vehicles
33.33% Straight Line
1.3
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.4
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

BRIDGEMILL SECTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
193,183
19,021
212,204
Depreciation and impairment
At 1 January 2023
52,000
19,021
71,021
Depreciation charged in the year
2,600
-
0
2,600
At 31 December 2023
54,600
19,021
73,621
Carrying amount
At 31 December 2023
138,583
-
0
138,583
At 31 December 2022
141,183
-
0
141,183
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
10,170
10,170
Corporation tax recoverable
1,389
-
0
11,559
10,170
BRIDGEMILL SECTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
-
0
1,336
Other taxation and social security
1,636
3,333
Other creditors
105,955
105,876
107,591
110,545
6
Related party transactions

During the year, the company has charged rent of £33,900 to Bridgemill Steel Sections Limited. Mr A Danks is the controlling shareholder and a director of Bridgemill Steel Sections Limited. All transactions were on an arms length basis.

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