IRIS Accounts Production v24.1.0.578 04884573 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048845732023-02-28048845732024-02-29048845732023-03-012024-02-29048845732022-02-28048845732022-03-012023-02-28048845732023-02-2804884573ns15:EnglandWales2023-03-012024-02-2904884573ns14:PoundSterling2023-03-012024-02-2904884573ns10:Director12023-03-012024-02-2904884573ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904884573ns10:SmallEntities2023-03-012024-02-2904884573ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2904884573ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904884573ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904884573ns10:FullAccounts2023-03-012024-02-290488457312023-03-012024-02-2904884573ns10:OrdinaryShareClass12023-03-012024-02-2904884573ns10:Director22023-03-012024-02-2904884573ns10:Director32023-03-012024-02-2904884573ns10:CompanySecretary12023-03-012024-02-2904884573ns10:RegisteredOffice2023-03-012024-02-2904884573ns5:CurrentFinancialInstruments2024-02-2904884573ns5:CurrentFinancialInstruments2023-02-2804884573ns5:ShareCapital2024-02-2904884573ns5:ShareCapital2023-02-2804884573ns5:RetainedEarningsAccumulatedLosses2024-02-2904884573ns5:RetainedEarningsAccumulatedLosses2023-02-2804884573ns5:NetGoodwill2023-03-012024-02-2904884573ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2904884573ns5:PlantMachinery2023-03-012024-02-2904884573ns5:NetGoodwill2023-02-2804884573ns5:NetGoodwill2024-02-2904884573ns5:NetGoodwill2023-02-2804884573ns5:PlantMachinery2023-02-2804884573ns5:PlantMachinery2024-02-2904884573ns5:PlantMachinery2023-02-2804884573ns10:OrdinaryShareClass12024-02-2904884573ns5:RetainedEarningsAccumulatedLosses2023-02-2804884573ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-290488457322023-03-012024-02-29
REGISTERED NUMBER: 04884573 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BRIDGECRAFT LIMITED

BRIDGECRAFT LIMITED (REGISTERED NUMBER: 04884573)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIDGECRAFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: N K Bedwell
M K Bedwell
Mrs S Bedwell





SECRETARY: N K Bedwell





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 04884573 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

BRIDGECRAFT LIMITED (REGISTERED NUMBER: 04884573)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 602,039 490,030
602,039 490,030

CURRENT ASSETS
Stocks 3,500 3,500
Cash at bank 681,732 763,297
685,232 766,797
CREDITORS
Amounts falling due within one year 6 (613,116 ) (624,365 )
NET CURRENT ASSETS 72,116 142,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,155

632,462

PROVISIONS FOR LIABILITIES (108,201 ) (92,994 )
NET ASSETS 565,954 539,468

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 565,854 539,368
SHAREHOLDERS' FUNDS 565,954 539,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRIDGECRAFT LIMITED (REGISTERED NUMBER: 04884573)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by:





M K Bedwell - Director


BRIDGECRAFT LIMITED (REGISTERED NUMBER: 04884573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Bridgecraft Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on reducing balance, 10% on cost and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BRIDGECRAFT LIMITED (REGISTERED NUMBER: 04884573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 45,000
AMORTISATION
At 1 March 2023
and 29 February 2024 45,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 829,432
Additions 174,585
At 29 February 2024 1,004,017
DEPRECIATION
At 1 March 2023 339,402
Charge for year 62,576
At 29 February 2024 401,978
NET BOOK VALUE
At 29 February 2024 602,039
At 28 February 2023 490,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 41,276 22,011
Taxation and social security 7,500 32,987
Other creditors 564,340 569,367
613,116 624,365

BRIDGECRAFT LIMITED (REGISTERED NUMBER: 04884573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 March 2023 539,368
Profit for the year 86,486
Dividends (60,000 )
At 29 February 2024 565,854

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr & Mrs MK Bedwell and Mr NK Bedwell as holders of the share
capital throughout the current and previous year.
The company operates a Loan account with the Directors and the balance as at 29 February 2024 was £564,340 (28 February 2023 was £569,367).