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REGISTERED NUMBER: 13505127 (England and Wales)






































Bridgestdeli Ltd

Unaudited Financial Statements

for the Year Ended 31st July 2023






Bridgestdeli Ltd (Registered number: 13505127)






Contents of the Financial Statements
for the year ended 31st July 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Bridgestdeli Ltd

Company Information
for the year ended 31st July 2023







Director: S Hunter





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: 44 Bridge Street
Kelso
Roxburghshire
TD5 7JD





Registered number: 13505127 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Bridgestdeli Ltd (Registered number: 13505127)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 13,738

Current assets
Stocks - 5,000
Debtors 5 152,218 13,686
Cash at bank and in hand 116 14,442
152,334 33,128
Creditors
Amounts falling due within one year 6 84,838 64,590
Net current assets/(liabilities) 67,496 (31,462 )
Total assets less current liabilities 67,496 (17,724 )

Capital and reserves
Called up share capital 1 1
Retained earnings 67,495 (17,725 )
67,496 (17,724 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd April 2024 and were signed by:





S Hunter - Director


Bridgestdeli Ltd (Registered number: 13505127)

Notes to the Financial Statements
for the year ended 31st July 2023

1. Statutory information

Bridgestdeli Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, other loans and directors' loans.

Directors' loans (being repayable on demand), other loans and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bridgestdeli Ltd (Registered number: 13505127)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

3. Employees and directors

The average number of employees during the year was 12 (2022 - 4 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1st August 2022 13,500 1,650 15,150
Disposals (13,500 ) (1,650 ) (15,150 )
At 31st July 2023 - - -
Depreciation
At 1st August 2022 1,206 206 1,412
Charge for year 1,382 309 1,691
Eliminated on disposal (2,588 ) (515 ) (3,103 )
At 31st July 2023 - - -
Net book value
At 31st July 2023 - - -
At 31st July 2022 12,294 1,444 13,738

Bridgestdeli Ltd (Registered number: 13505127)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by associates 79,543 -
Other debtors 72,675 13,686
152,218 13,686

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,901 18,445
Amounts owed to associates 60,507 -
Taxation and social security 17,030 -
Other creditors 5,400 46,145
84,838 64,590

7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st July 2023 and 31st July 2022:

20232022
££
Director 1
Balance outstanding at start of year5,610-
Amounts advanced-16,360
Amounts repaid(5,610)(10,750)
Balance outstanding at end of year-5,610
20232022
££
Director 2
Balance outstanding at start of year--
Amounts advanced67,433-
Amounts repaid--
Balance outstanding at end of year67,433-

This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.

8. Post balance sheet events

Since the year end, on 28 March 2024, a final dividend for the year ending 31 July 2023 of £20,000 per share has been declared.

The company ceased trading on 30th April 2023. It is the directors intention to have the company wound up.