Bridgemere Distribution Limited 04590401 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is warehousing, transport and distribution. Digita Accounts Production Advanced 6.30.9574.0 true 04590401 2022-02-01 2023-01-31 04590401 2023-01-31 04590401 bus:OrdinaryShareClass1 2023-01-31 04590401 bus:OrdinaryShareClass2 2023-01-31 04590401 core:RetainedEarningsAccumulatedLosses 2023-01-31 04590401 core:ShareCapital 2023-01-31 04590401 core:CurrentFinancialInstruments 2023-01-31 04590401 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04590401 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 04590401 core:FurnitureFittingsToolsEquipment 2023-01-31 04590401 core:LandBuildings 2023-01-31 04590401 core:MotorVehicles 2023-01-31 04590401 core:OfficeEquipment 2023-01-31 04590401 core:OtherPropertyPlantEquipment 2023-01-31 04590401 bus:SmallEntities 2022-02-01 2023-01-31 04590401 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 04590401 bus:FullAccounts 2022-02-01 2023-01-31 04590401 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 04590401 bus:RegisteredOffice 2022-02-01 2023-01-31 04590401 bus:Director1 2022-02-01 2023-01-31 04590401 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 04590401 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 04590401 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04590401 core:ComputerEquipment 2022-02-01 2023-01-31 04590401 core:FurnitureFittings 2022-02-01 2023-01-31 04590401 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 04590401 core:LandBuildings 2022-02-01 2023-01-31 04590401 core:LeaseholdImprovements 2022-02-01 2023-01-31 04590401 core:MotorVehicles 2022-02-01 2023-01-31 04590401 core:OfficeEquipment 2022-02-01 2023-01-31 04590401 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 04590401 core:PlantMachinery 2022-02-01 2023-01-31 04590401 countries:EnglandWales 2022-02-01 2023-01-31 04590401 2022-01-31 04590401 core:FurnitureFittingsToolsEquipment 2022-01-31 04590401 core:LandBuildings 2022-01-31 04590401 core:MotorVehicles 2022-01-31 04590401 core:OfficeEquipment 2022-01-31 04590401 core:OtherPropertyPlantEquipment 2022-01-31 04590401 2021-02-01 2022-01-31 04590401 2022-01-31 04590401 bus:OrdinaryShareClass1 2022-01-31 04590401 bus:OrdinaryShareClass2 2022-01-31 04590401 core:RetainedEarningsAccumulatedLosses 2022-01-31 04590401 core:ShareCapital 2022-01-31 04590401 core:CurrentFinancialInstruments 2022-01-31 04590401 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 04590401 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 04590401 core:FurnitureFittingsToolsEquipment 2022-01-31 04590401 core:LandBuildings 2022-01-31 04590401 core:MotorVehicles 2022-01-31 04590401 core:OfficeEquipment 2022-01-31 04590401 core:OtherPropertyPlantEquipment 2022-01-31 04590401 bus:OrdinaryShareClass2 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04590401


Bridgemere Distribution Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Bridgemere Distribution Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Bridgemere Distribution Limited

Company Information

Director

Mr M B Ayling

Registered office

C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Accountants

Howsons (Stoke) Limited
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Bridgemere Distribution Limited

(Registration number: 04590401)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

250,031

223,849

Current assets

 

Stocks

5

1,212

1,212

Debtors

6

951,788

847,855

Cash at bank and in hand

 

29,100

62,088

 

982,100

911,155

Creditors: Amounts falling due within one year

7

(1,254,257)

(1,122,151)

Net current liabilities

 

(272,157)

(210,996)

Total assets less current liabilities

 

(22,126)

12,853

Creditors: Amounts falling due after more than one year

7

(25,112)

(63,843)

Provisions for liabilities

(6,769)

(16,506)

Net liabilities

 

(54,007)

(67,496)

Capital and reserves

 

Called up share capital

8

50,100

100

Profit and loss account

(104,107)

(67,596)

Total equity

 

(54,007)

(67,496)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2024
 

 

Bridgemere Distribution Limited

(Registration number: 04590401)
Balance Sheet as at 31 January 2023

.........................................
Mr M B Ayling
Director

 

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% straight line

Fixtures & Fittings

25% straight line

Motor Vehicles

10% straight line

Computer Equipment

25% straight line

Leasehold improvements

5% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

 

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2022 - 17).

 

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Office equipment
£

Total
£

Cost or valuation

At 1 February 2022

28,973

12,264

399,994

30,494

24,055

495,780

Additions

-

-

62,850

20,131

400

83,381

Disposals

-

-

(64,058)

-

125

(63,933)

At 31 January 2023

28,973

12,264

398,786

50,625

24,580

515,228

Depreciation

At 1 February 2022

556

7,071

219,588

23,399

20,316

270,930

Charge for the year

-

1,738

40,935

6,003

1,549

50,225

Eliminated on disposal

1,448

-

(57,531)

-

125

(55,958)

At 31 January 2023

2,004

8,809

202,992

29,402

21,990

265,197

Carrying amount

At 31 January 2023

26,969

3,455

195,794

21,223

2,590

250,031

At 31 January 2022

28,417

4,193

180,406

7,095

3,738

223,849

Included within the net book value of land and buildings above is £26,969 (2022 - £28,417) in respect of long leasehold land and buildings.
 

 

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

5

Stocks

2023
£

2022
£

Other inventories

1,212

1,212

6

Debtors

2023
£

2022
£

Trade debtors

769,246

789,666

Prepayments

1,847

599

Other debtors

180,695

57,590

 

951,788

847,855

 

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Creditors

2023
£

2022
£

Due within one year

Bank loans and overdrafts

58,845

43,409

Trade creditors

248,641

256,186

Taxation and social security

674,313

475,612

Other creditors

272,458

317,990

Directors' loan account

-

28,954

1,254,257

1,122,151

Due after one year

Bank borrowings

25,112

35,364

HP and finance lease liabilities

-

28,479

25,112

63,843

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A Shares of £1 each

100

100

100

100

Ordinary B shares of £1 (2022 - £0) each

50,000

50,000

-

-

 

50,100

50,100

100

100

During the period the company issued 50,000 £1 Ordinary B Shares.

9

Going Concern

The company has seen increased turnover during the period which the directors expect to continue for the foreseeable future. Following the year end, the profitability of the company also increased and the directors look forward to future results. The directors will continue to support the company for the foreseeable future and as such these financial statements have been prepared on a going concern basis.