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Registered Number: 10792593
England and Wales

 

 

 

BRIDGENECT CO., LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Director Jake Wang
Registered Number 10792593
Registered Office 61 Bridge Street
Kington
HR5 3DJ
Accountants aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate, Peterborough,
Cambridgeshire
PE1 5BQ
1
  2023   2022
    £ £   £ £
Fixed assets   431      3,166 
Current assets 29,713      24,370   
Prepayments and accrued income 1,388      1,475   
Creditors: amount falling due within one year (54,809)     (54,885)  
Net current liabilities   (23,708)     (29,040)
Total assets less current liabilities   (23,277)     (25,874)
Creditors: amount falling due after more than one year   (42,001)     (30,016)
Accruals and deferred income   (1,500)     (1,785)
Net liabilities   (66,778)     (57,675)
 

         
Capital and reserves   (66,778)     (57,675)
 
NOTES TO THE ACCOUNTS

General Information
Bridgenect Co., Limited is a private company, limited by shares, registered in England and Wales, registration number 10792593, registration address 61 Bridge Street, Kington, HR5 3DJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.

Average number of employees including directors

Average number of employees during the year was 1 (2022 : 1).

3.

Bank loans and overdrafts

The loan included in Creditors due more than one year, has an amount of £20,026 which is due greater than 1 years.


The loan included in Creditors due less than one year, has an amount of £10,013 which is due within one year. 

4.

Related Party

During the year the company entered into a related party transactions with A & J Accommodation Ltd and Jake & Co Properties Ltd. Jake Wang is a common director in these  companies . The balance at 31 May 2023 is £983 and £7212 owed by the company respectively.


For the year ended 31 May 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.

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

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 February 2024 and were signed by:


--------------------------------
Jake Wang
Director
2