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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Bridge Consulting London Ltd

Bridge Consulting London Ltd (Registered number: 11609987)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bridge Consulting London Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W J R Harris
J Nichols





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 11609987 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Bridge Consulting London Ltd (Registered number: 11609987)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,885 110,666

CURRENT ASSETS
Debtors 5 353,847 331,749
Cash at bank 231,488 27,866
585,335 359,615
CREDITORS
Amounts falling due within one year 6 587,942 344,724
NET CURRENT (LIABILITIES)/ASSETS (2,607 ) 14,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,278

125,557

CREDITORS
Amounts falling due after more than one
year

7

(49,414

)

(75,304

)

PROVISIONS FOR LIABILITIES 8 (20,118 ) (15,610 )
NET ASSETS 33,746 34,643

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 33,646 34,543
SHAREHOLDERS' FUNDS 33,746 34,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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.

Bridge Consulting London Ltd (Registered number: 11609987)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings 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:




W J R Harris - Director



J Nichols - Director


Bridge Consulting London Ltd (Registered number: 11609987)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Bridge Consulting London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost and Straight line over 3 years
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

Bridge Consulting London Ltd (Registered number: 11609987)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 10,279 187,090 49,004 246,373
Additions - 54,930 2,361 57,291
Disposals - (96,630 ) - (96,630 )
At 31 December 2023 10,279 145,390 51,365 207,034
DEPRECIATION
At 1 January 2023 3,086 104,933 27,688 135,707
Charge for year 1,798 17,721 7,361 26,880
Eliminated on disposal - (61,438 ) - (61,438 )
At 31 December 2023 4,884 61,216 35,049 101,149
NET BOOK VALUE
At 31 December 2023 5,395 84,174 16,316 105,885
At 31 December 2022 7,193 82,157 21,316 110,666

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 187,090
Additions 54,930
Disposals (96,630 )
At 31 December 2023 145,390
DEPRECIATION
At 1 January 2023 104,933
Charge for year 17,721
Eliminated on disposal (61,438 )
At 31 December 2023 61,216
NET BOOK VALUE
At 31 December 2023 84,174
At 31 December 2022 82,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 215,794 209,309
Other debtors 68,576 98,782
Prepayments and accrued income 69,477 23,658
353,847 331,749

Bridge Consulting London Ltd (Registered number: 11609987)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,143 9,968
Hire purchase contracts 54,698 59,762
Trade creditors 112,017 40,898
Tax 155,064 50,810
Social security and other taxes 23,230 23,736
VAT 93,108 72,648
Other creditors 1,213 1,328
Directors' current accounts 64,354 44,048
Accrued expenses 74,115 41,526
587,942 344,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,321 10,143
Bank loans - 2-5 years 13,157 23,479
Hire purchase contracts 25,936 41,682
49,414 75,304

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 20,118 15,610

Deferred
tax
£   
Balance at 1 January 2023 15,610
Provided during year 4,508
Balance at 31 December 2023 20,118

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8,700 Ordinary £0.01 87 87
1,300 Ordinary B £0.01 13 13
100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 34,543
Profit for the year 498,709
Dividends (499,606 )
At 31 December 2023 33,646

Bridge Consulting London Ltd (Registered number: 11609987)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of their shareholdings.