0 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-29 Sage Accounts Production Advanced 2021 - FRS102_2021 667 667 100 100 567 xbrli:pure xbrli:shares iso4217:GBP 14263230 2022-07-29 2023-07-31 14263230 2023-07-31 14263230 core:FurnitureFittings 2022-07-29 2023-07-31 14263230 bus:Director1 2022-07-29 2023-07-31 14263230 core:FurnitureFittings 2023-07-31 14263230 core:AfterOneYear 2023-07-31 14263230 core:WithinOneYear 2023-07-31 14263230 core:RetainedEarningsAccumulatedLosses 2023-07-31 14263230 bus:SmallEntities 2022-07-29 2023-07-31 14263230 bus:AuditExemptWithAccountantsReport 2022-07-29 2023-07-31 14263230 bus:FullAccounts 2022-07-29 2023-07-31 14263230 bus:SmallCompaniesRegimeForAccounts 2022-07-29 2023-07-31 14263230 bus:PrivateLimitedCompanyLtd 2022-07-29 2023-07-31
COMPANY REGISTRATION NUMBER: 14263230
Bridgestock Consultancy Limited
Filleted Unaudited Financial Statements
31 July 2023
Bridgestock Consultancy Limited
Statement of Financial Position
31 July 2023
31 Jul 23
Note
£
Fixed assets
Tangible assets
4
567
Current assets
Debtors
5
702
Cash at bank and in hand
128
----
830
Creditors: amounts falling due within one year
6
12,750
--------
Net current liabilities
11,920
--------
Total assets less current liabilities
( 11,353)
Creditors: amounts falling due after more than one year
7
5,200
--------
Net liabilities
( 16,553)
--------
Capital and reserves
Profit and loss account
( 16,553)
--------
Shareholders deficit
( 16,553)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 July 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bridgestock Consultancy Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 7 March 2024 , and are signed on behalf of the board by:
Mrs A M Barnard
Director
Company registration number: 14263230
Bridgestock Consultancy Limited
Notes to the Financial Statements
Period from 29 July 2022 to 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 The Avenue, March, PE15 9PR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Tangible assets
Fixtures and fittings
£
Cost
At 29 July 2022
Additions
667
----
At 31 July 2023
667
----
Depreciation
At 29 July 2022
Charge for the period
100
----
At 31 July 2023
100
----
Carrying amount
At 31 July 2023
567
----
5. Debtors
31 Jul 23
£
Other debtors
702
----
6. Creditors: amounts falling due within one year
31 Jul 23
£
Other creditors
12,750
--------
7. Creditors: amounts falling due after more than one year
31 Jul 23
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5,200
-------
8. Related party transactions
No transactions were undertaken with related parties such as are required to be disclosed under FRS 102.