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Bridleways Limited
Registered Number:04484430
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Bridleways Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04484430
As at 31 December 2023
Bridleways Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,785
2,383
2
1,785
2,383
Current assets
Inventories
48,500
48,000
3
Trade and other receivables
1,076
1,076
4
49,076
49,576
Trade and other payables: amounts falling due within one
year
(156,457)
(157,439)
5
(106,881)
(108,363)
Net current liabilities
Total assets less current liabilities
(106,578)
(104,498)
(106,578)
Net liabilities
(104,498)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(107,578)
(105,498)
(106,578)
(104,498)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 December 2023 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.
Mr Stephen Challis Director
These financial statements were approved and authorised for issue by the Board on 12 September 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2023
Bridleways Limited
Notes to the Financial Statements
Statutory Information
Bridleways Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04484430.
Registered address:
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
The presentation currency is £ sterling.
1. Accounting policies
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in the past, has been fully amortised.
Property, plant and equipment
Tangible fixed assets, 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:
Land and buildings
10% Straight line
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 December 2023
Bridleways Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 January
2023
31,184
2,199
6,025
11,010
5,200
6,750
At 31 December
2023
6,750
11,010
6,025
2,199
31,184
5,200
Provision for depreciation and impairment
At 01 January
2023
28,801
2,190
5,627
9,050
5,184
6,750
Charge for year
598
2
100
490
6
-
At 31 December
2023
29,399
2,192
5,727
9,540
5,190
6,750
At 31 December
2023
Net book value
-
10
1,470
298
7
1,785
-
16
1,960
398
9
2,383
At 31 December
2022
3. Inventories
2022
2023
£
£
Stocks
48,000
48,500
4. Trade and other receivables
2022
2023
£
£
Other debtors
1,076
1,076
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
6,486
Taxation and social security
172
840
Other creditors
157,267
149,131
157,439
156,457
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6
For the year ended 31 December 2023
Bridleways Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
4 of 4