Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31false2022-09-01The company's principal activity is the provision of information technology consultancy services.5750truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08371922 2022-09-01 2023-08-31 08371922 2021-09-01 2022-08-31 08371922 2023-08-31 08371922 2022-08-31 08371922 c:Director3 2022-09-01 2023-08-31 08371922 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 08371922 d:Buildings d:LongLeaseholdAssets 2023-08-31 08371922 d:Buildings d:LongLeaseholdAssets 2022-08-31 08371922 d:OfficeEquipment 2022-09-01 2023-08-31 08371922 d:OfficeEquipment 2023-08-31 08371922 d:OfficeEquipment 2022-08-31 08371922 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08371922 d:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 08371922 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08371922 d:CurrentFinancialInstruments 2023-08-31 08371922 d:CurrentFinancialInstruments 2022-08-31 08371922 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08371922 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08371922 d:ShareCapital 2023-08-31 08371922 d:ShareCapital 2022-08-31 08371922 d:SharePremium 2023-08-31 08371922 d:SharePremium 2022-08-31 08371922 d:RetainedEarningsAccumulatedLosses 2023-08-31 08371922 d:RetainedEarningsAccumulatedLosses 2022-08-31 08371922 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 08371922 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 08371922 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 08371922 d:TaxLossesCarry-forwardsDeferredTax 2022-08-31 08371922 c:OrdinaryShareClass1 2022-09-01 2023-08-31 08371922 c:OrdinaryShareClass1 2023-08-31 08371922 c:OrdinaryShareClass1 2022-08-31 08371922 c:OrdinaryShareClass2 2022-09-01 2023-08-31 08371922 c:OrdinaryShareClass2 2023-08-31 08371922 c:OrdinaryShareClass2 2022-08-31 08371922 c:OrdinaryShareClass3 2022-09-01 2023-08-31 08371922 c:OrdinaryShareClass3 2023-08-31 08371922 c:OrdinaryShareClass3 2022-08-31 08371922 c:FRS102 2022-09-01 2023-08-31 08371922 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08371922 c:FullAccounts 2022-09-01 2023-08-31 08371922 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08371922 6 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08371922









BRIDGE PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
BRIDGE PARTNERS LIMITED
REGISTERED NUMBER: 08371922

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
161,330
183,858

Investments
 5 
53
-

  
161,383
183,858

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
1,192,433
541,749

Cash at bank and in hand
  
956,794
993,288

  
2,149,227
1,535,037

Creditors: amounts falling due within one year
 7 
(1,086,923)
(819,342)

NET CURRENT ASSETS
  
 
 
1,062,304
 
 
715,695

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,223,687
899,553

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(15,789)
(6,277)

  
 
 
(15,789)
 
 
(6,277)

NET ASSETS
  
1,207,898
893,276


CAPITAL AND RESERVES
  

Called up share capital 
 9 
2,236
2,211

Share premium account
  
184,819
182,518

Profit and loss account
  
1,020,843
708,547

  
1,207,898
893,276


Page 1

 
BRIDGE PARTNERS LIMITED
REGISTERED NUMBER: 08371922
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






A J Mundell
Director

Date: 27 February 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
BRIDGE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


GENERAL INFORMATION

Bridge Partners Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 168 Cowley Road, Cambridge, CB4 0DL.
The Company's functional and presentational currency is GBP. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otheriwse stated. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

TURNOVER

Turnover comprises revenue recognised by the company in respect of support services provided to customers during the year, exclusive of Value Added Tax. Project work is billed on completion. Monthly contracts are billed in arrears in the months the work is undertaken.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following bases.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5 years straight line
Office equipment
-
3/5 years straight line
Mobile Phones
-
2 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
BRIDGE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

OPERATING LEASES: THE COMPANY AS LESSOR

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.8

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BRIDGE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 57 (2022 -50).

Page 5

 
BRIDGE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Office equipment
Total

£
£
£



COST 


At 1 September 2022
104,620
303,673
408,293


Additions
23,317
39,424
62,741


Disposals
-
(23,803)
(23,803)



At 31 August 2023

127,937
319,294
447,231



DEPRECIATION


At 1 September 2022
33,170
191,265
224,435


Charge for the year on owned assets
22,098
60,690
82,788


Disposals
-
(21,322)
(21,322)



At 31 August 2023

55,268
230,633
285,901



NET BOOK VALUE



At 31 August 2023
72,669
88,661
161,330



At 31 August 2022
71,450
112,408
183,858


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


Additions
53



At 31 August 2023
53




Page 6

 
BRIDGE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


DEBTORS

2023
2022
£
£


Trade debtors
1,085,936
450,566

Prepayments and accrued income
106,497
91,183

1,192,433
541,749



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
325,199
220,742

Amounts owed to group undertakings
6,526
-

Corporation tax
130,690
96,146

Other taxation and social security
302,537
228,890

Other creditors
38,745
30,974

Accruals and deferred income
283,226
242,590

1,086,923
819,342



8.


DEFERRED TAXATION




2023


£






At beginning of year
(6,277)


Charged to profit or loss
(9,512)



AT END OF YEAR
(15,789)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(20,100)
(6,277)

Short term differences
4,311
-

(15,789)
(6,277)

Page 7

 
BRIDGE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100,000 (2022 -100,000) Ordinary A shares of £0.01 each
1,000
1,000
100,000 (2022 -100,000) Ordinary B shares of £0.01 each
1,000
1,000
23,578 (2022 -21,103) Ordinary C shares of £0.01 each
236
211

2,236

2,211


On 30 November 2022 the Company issued 2,475 Ordinary C shares of £0.01 per share. An amount of £2,301 being the difference between the total consideration of £2,326 and the nominal value of £25 for the shares issued has been included in the share premium account.

 
Page 8