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REGISTERED NUMBER: 09442024 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Newbridge Limited

Newbridge Limited (Registered number: 09442024)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Newbridge Limited (Registered number: 09442024)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,876,013 2,984,575
Tangible assets 5 3,640 5,164
2,879,653 2,989,739

CURRENT ASSETS
Debtors 6 50,479 46,389
Cash at bank and in hand 194,688 165,124
245,167 211,513
CREDITORS
Amounts falling due within one year 7 (528,389 ) (497,307 )
NET CURRENT LIABILITIES (283,222 ) (285,794 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,596,431 2,703,945

CREDITORS
Amounts falling due after more than one
year

8

(1,672,795

)

(1,879,104

)
NET ASSETS 923,636 824,841

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 923,536 824,741
923,636 824,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Newbridge Limited (Registered number: 09442024)

Balance Sheet - continued
31 March 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 14 August 2024 and were signed on its behalf by:





Mr J J Bullimore - Director


Newbridge Limited (Registered number: 09442024)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Newbridge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09442024

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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 net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

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.

Newbridge Limited (Registered number: 09442024)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 3,955,359
Additions 91,104
At 31 March 2024 4,046,463
AMORTISATION
At 1 April 2023 970,784
Charge for year 199,666
At 31 March 2024 1,170,450
NET BOOK VALUE
At 31 March 2024 2,876,013
At 31 March 2023 2,984,575

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 11,528 11,377 22,905
Additions - 3,253 3,253
Disposals (1,937 ) (3,645 ) (5,582 )
At 31 March 2024 9,591 10,985 20,576
DEPRECIATION
At 1 April 2023 8,125 9,616 17,741
Charge for year 379 1,637 2,016
Eliminated on disposal (50 ) (2,771 ) (2,821 )
At 31 March 2024 8,454 8,482 16,936
NET BOOK VALUE
At 31 March 2024 1,137 2,503 3,640
At 31 March 2023 3,403 1,761 5,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,479 44,634
Other debtors - 1,755
50,479 46,389

Newbridge Limited (Registered number: 09442024)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 339,052 380,692
Taxation and social security 169,166 107,339
Other creditors 20,171 9,276
528,389 497,307

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,672,795 1,879,104

Amounts falling due in more than five years:

Repayable by instalments
Bank loan more than 5 year by installments 655,639 737,029

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 2,042

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr J J Bullimore and Mrs A L Bullimore
Balance outstanding at start of year 1,509 1,549
Amounts advanced - 1,509
Amounts repaid (1,509 ) (1,549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,509