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Registered number: 4026680

Bridport Capital Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023


Bridport Capital Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Mr K.B. Stout
Mrs G.K. Stout
SECRETARY
Mrs G.K Stout
REGISTERED OFFICE
72, High Street
Wrentham
Beccles
Suffolk
NR34 7HB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4026680
BANKERS
Handelsbanken
SOLICITORS
Buckles Solicitors LLP

Bridport Capital Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Bridport Capital Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets21,1301,585
CURRENT ASSETS
Stock994,461993,511
Debtors49,5006,304
Cash at bank and in hand6,8783,259
1,010,8391,003,074
CREDITORS: Amounts falling due within one year5196,072170,542
NET CURRENT ASSETS814,767832,532
TOTAL ASSETS LESS CURRENT LIABILITIES815,897834,117
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account815,797834,017
SHAREHOLDERS' FUNDS815,897834,117
For the year ending 31/07/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/02/2024 and signed on their behalf by
.............................
Mr K.B. Stout
Director

Bridport Capital Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Equipmentreducing balance15%
1c. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain assets.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
1e. Turnover
Turnover represents the amounts from property sales and rental during the year.
1f. Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
1g. Loans And Borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Financial liabilities classified as payable within one year are not amortised.

Bridport Capital Limited

1h. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued investment properties is measured using the rates and allowances that apply to the sale of the asset.
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/08/20223,9113,911
Disposals(611)(611)
At 31/07/20233,3003,300
Depreciation
At 01/08/20222,3262,326
Disposals(356)(356)
For the year200200
At 31/07/20232,1702,170
Net Book Amounts
At 31/07/20231,1301,130
At 31/07/20221,5851,585
3. STOCK 20232022
££
Stock comprises:
Stock994,461993,511
994,461993,511

Bridport Capital Limited

4. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments2,0292,952
2,0292,952
Amounts falling due over more than one year
Long term debtor7,4713,352
7,4713,352
9,5006,304
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account190,726163,859
Trade creditors1,4722,979
Accruals3,8743,704
196,072170,542
6. EMPLOYEES
20232022
No.No.
Average number of employees22
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. RELATED PARTY TRANSACTIONS
The director, KB Stout, has provided funds to the company during this financial year to assist working capital. The balance due to the director at 1st August 2022 amounted to £163,859, and at 31st July 2023 had increased to £190,726.
These funds have been provided on an interest free basis.