Corner Milestone Ltd 12350824 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is supply of food products Digita Accounts Production Advanced 6.30.9574.0 true true 12350824 2023-01-01 2023-12-31 12350824 2023-12-31 12350824 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12350824 core:Non-currentFinancialInstruments 2023-12-31 12350824 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12350824 bus:SmallEntities 2023-01-01 2023-12-31 12350824 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12350824 bus:FullAccounts 2023-01-01 2023-12-31 12350824 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12350824 bus:RegisteredOffice 2023-01-01 2023-12-31 12350824 bus:Director1 2023-01-01 2023-12-31 12350824 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12350824 countries:AllCountries 2023-01-01 2023-12-31 12350824 2022-01-01 2022-12-31 12350824 2022-12-31 12350824 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12350824 core:Non-currentFinancialInstruments 2022-12-31 12350824 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12350824

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

Company Information

Director

Mr Matthew Steele

Registered office

Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

Accountants

T B Tax Services
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

(Registration number: 12350824)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

6,072

6,033

Creditors: Amounts falling due within one year

4

(1,099)

(600)

Total assets less current liabilities

 

4,973

5,433

Creditors: Amounts falling due after more than one year

4

(7,898)

(7,833)

Net liabilities

 

(2,925)

(2,400)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(2,926)

(2,401)

Shareholders' deficit

 

(2,925)

(2,400)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2024
 

.........................................
Mr Matthew Steele
Director

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in UK.

The company was formerly known as Blackbridge Foods Ltd.

The address of its registered office is:
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ
England

These financial statements were authorised for issue by the director on 24 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

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

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

500

-

Accruals and deferred income

600

600

Other creditors

(1)

-

1,099

600

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

5

7,898

7,833

5

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

7,898

7,833

6

Related party transactions

 

Corner Milestone Ltd

trading as Blackbridge Foods Ltd

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

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

100,000

165,000