BRIDGE-IT HOUSING UK TEAM LTD

Company Registration Number:
07941530 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

BRIDGE-IT HOUSING UK TEAM LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

BRIDGE-IT HOUSING UK TEAM LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,312,279 1,070,292
Total fixed assets: 1,312,279 1,070,292
Current assets
Debtors:   501,346 583,121
Cash at bank and in hand: 799,119 693,344
Total current assets: 1,300,465 1,276,465
Creditors: amounts falling due within one year:   (104,691) (265,794)
Net current assets (liabilities): 1,195,774 1,010,671
Total assets less current liabilities: 2,508,053 2,080,963
Total net assets (liabilities): 2,508,053 2,080,963
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,508,052 2,080,962
Shareholders funds: 2,508,053 2,080,963

The notes form part of these financial statements

BRIDGE-IT HOUSING UK TEAM LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 August 2023
and signed on behalf of the board by:

Name: M P Barnes
Status: Director

The notes form part of these financial statements

BRIDGE-IT HOUSING UK TEAM LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Land & Building: Over 50 years.Leasehold Land & Building: Over the term of the lease.Plant and Machinery: 15% reducing balance.Fixture & Fittings: 15% reducing balance.

BRIDGE-IT HOUSING UK TEAM LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 132 129

BRIDGE-IT HOUSING UK TEAM LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 1,144,377
Additions 325,507
At 28 February 2023 1,469,884
Depreciation
At 01 March 2022 74,085
Charge for year 83,520
At 28 February 2023 157,605
Net book value
At 28 February 2023 1,312,279
At 28 February 2022 1,070,292