Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07787978 2023-01-01 2023-12-31 07787978 2022-01-01 2022-12-31 07787978 2023-12-31 07787978 2022-12-31 07787978 c:Director1 2023-01-01 2023-12-31 07787978 c:Director2 2023-01-01 2023-12-31 07787978 c:Director3 2023-01-01 2023-12-31 07787978 c:RegisteredOffice 2023-01-01 2023-12-31 07787978 d:MotorVehicles 2023-01-01 2023-12-31 07787978 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07787978 d:OtherPropertyPlantEquipment 2023-12-31 07787978 d:OtherPropertyPlantEquipment 2022-12-31 07787978 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07787978 d:CurrentFinancialInstruments 2023-12-31 07787978 d:CurrentFinancialInstruments 2022-12-31 07787978 d:Non-currentFinancialInstruments 2023-12-31 07787978 d:Non-currentFinancialInstruments 2022-12-31 07787978 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07787978 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07787978 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07787978 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07787978 d:ShareCapital 2023-12-31 07787978 d:ShareCapital 2022-12-31 07787978 d:RetainedEarningsAccumulatedLosses 2023-12-31 07787978 d:RetainedEarningsAccumulatedLosses 2022-12-31 07787978 c:FRS102 2023-01-01 2023-12-31 07787978 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07787978 c:FullAccounts 2023-01-01 2023-12-31 07787978 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07787978 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 07787978







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


M J BRIDGES & SONS LIMITED






































                        

 


M J BRIDGES & SONS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr M Bridges 
Mr B Bridges 
Mr R Bridges 




Registered number
07787978



Registered office
24 Woodside Close
Surbiton

Surrey

KT5 9JU




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


M J BRIDGES & SONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


M J BRIDGES & SONS LIMITED
REGISTERED NUMBER:07787978



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,470
555

  
55,470
555

Current assets
  

Stocks
  
5,000
5,000

Debtors: amounts falling due within one year
 5 
20,843
22,527

Cash at bank and in hand
  
66,810
80,364

  
92,653
107,891

Creditors: amounts falling due within one year
 6 
(46,883)
(59,952)

Net current assets
  
 
 
45,770
 
 
47,939

Total assets less current liabilities
  
101,240
48,494

Creditors: amounts falling due after more than one year
 7 
(33,914)
-

  

Net assets
  
67,326
48,494


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
67,320
48,488

  
67,326
48,494


Page 1

 


M J BRIDGES & SONS LIMITED
REGISTERED NUMBER:07787978


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr B Bridges
................................................
Mr R Bridges
Director
Director


Date: 23 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


M J BRIDGES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

M J Bridges & Sons Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated though providing plumbing services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3

 


M J BRIDGES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 


M J BRIDGES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 January 2023
30,267


Additions
66,577


Disposals
(30,267)



At 31 December 2023

66,577



Depreciation


At 1 January 2023
29,712


Charge for the year on owned assets
11,662


Disposals
(30,267)



At 31 December 2023

11,107



Net book value



At 31 December 2023
55,470



At 31 December 2022
555

Page 5

 


M J BRIDGES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
20,843
3,479

Prepayments and accrued income
-
19,048

20,843
22,527



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
10,503

Other taxation and social security
18,091
31,855

Obligations under finance lease and hire purchase contracts
14,038
-

Other creditors
11,004
13,844

Accruals and deferred income
3,750
3,750

46,883
59,952



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
33,914
-

33,914
-


 
Page 6