Registered Number:09527463 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Cashflow Bridge Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Cashflow Bridge Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
318
424
2
318
424
Trade and other receivables |
6,460
12,242
3
3,017
Cash and cash equivalents |
6,817
19,059
9,477
Trade and other payables: amounts falling due within one |
year |
(31,340)
(20,421)
4
(21,863)
(1,362)
Net current liabilities
Total assets less current liabilities |
(1,044)
(21,439)
(1,044)
Net liabilities
(21,439)
11,000
11,000
(12,044)
(32,439)
(1,044)
(21,439)
Shareholders' funds
For the year ended 30 April 2024 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 21 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
Cashflow Bridge Limited
Notes to the Financial Statements
Statutory Information
Cashflow Bridge Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 09527463. |
The Manor Lodge Avenue Road
Maids Moreton
Buckingham
MK18 1QA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Significant judgements and estimates
Going Concern - The accounts have been prepared under the going concern basis. The directors have a reasonable expectation that the company has adequate resources to coninue its operations for a period of at least 12 months from the date the financial statements were approved. The key method for assessing going concern is through the business planning process. The business planning process consists of the company's business activities together with factors likely t o affect its future developmet , successful performance and position, and key risks in the current economic climate. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 April 2024
Cashflow Bridge Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
2,355
2,355
Provision for depreciation and impairment |
1,931
Charge for year
106
2,037
318
424
3. Trade and other receivables |
2023
2024
11,875
2,563
367
3,897
6,460
12,242
4. Trade and other payables: amounts falling due within one year |
2023
2024
19,521
12,255
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
-
18,000
900
1,085
20,421
31,340
5. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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