Company Registration No. 13054571 (England and Wales)
International Bridge Excellence Limited
Unaudited accounts
for the year ended 31 December 2023
International Bridge Excellence Limited
Unaudited accounts
Contents
International Bridge Excellence Limited
Company Information
for the year ended 31 December 2023
Directors
Raymond CLARKE
Nicole Ann COOK
Maurizio DI SACCO
Company Number
13054571 (England and Wales)
Registered Office
62 Lynmouth Avenue
Chelmsford
Essex
CM2 0TR
England
International Bridge Excellence Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
33,559
38,298
Creditors: amounts falling due within one year
(18,092)
(23,304)
Net current assets
15,497
14,994
Called up share capital
100
100
Profit and loss account
16,396
16,018
Shareholders' funds
16,496
16,118
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2024 and were signed on its behalf by
Nicole Ann COOK
Director
Company Registration No. 13054571
International Bridge Excellence Limited
Notes to the Accounts
for the year ended 31 December 2023
International Bridge Excellence Limited is a private company, limited by shares, registered in England and Wales, registration number 13054571. The registered office is 62 Lynmouth Avenue, Chelmsford, Essex, CM2 0TR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
International Bridge Excellence Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due after more than one year
Accrued income and prepayments
30
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
118
785
Other creditors
16,974
16,848
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).