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REGISTERED NUMBER: 08774527 (England and Wales)













BAIN & BRIDGES THE TILBURY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BAIN & BRIDGES THE TILBURY LIMITED (REGISTERED NUMBER: 08774527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BAIN & BRIDGES THE TILBURY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J J Bainbridge
T I Bainbridge





SECRETARY: Mrs G Bainbridge





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 08774527 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

BAIN & BRIDGES THE TILBURY LIMITED (REGISTERED NUMBER: 08774527)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,700
Tangible assets 5 69,527 85,189
69,527 89,889

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 6 17,192 16,190
Cash at bank and in hand 111,386 123,593
137,578 148,783
CREDITORS
Amounts falling due within one year 7 214,184 207,855
NET CURRENT LIABILITIES (76,606 ) (59,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,079

)

30,817

CREDITORS
Amounts falling due after more than one
year

8

(8,552

)

(14,081

)

PROVISIONS FOR LIABILITIES (13,210 ) (16,186 )
NET (LIABILITIES)/ASSETS (28,841 ) 550

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (28,941 ) 450
(28,841 ) 550

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.

BAIN & BRIDGES THE TILBURY LIMITED (REGISTERED NUMBER: 08774527)

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 26 September 2024 and were signed on its behalf by:




T I Bainbridge - Director



J J Bainbridge - Director


BAIN & BRIDGES THE TILBURY LIMITED (REGISTERED NUMBER: 08774527)

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

1. STATUTORY INFORMATION

Bain & Bridges The Tilbury Limited 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.

The directors consider that the company is a going concern as the working capital is provided by a shareholder who is a family member. The support of the family member is ongoing.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BAIN & BRIDGES THE TILBURY LIMITED (REGISTERED NUMBER: 08774527)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 26 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 47,000
AMORTISATION
At 1 January 2023 42,300
Amortisation for year 4,700
At 31 December 2023 47,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 4,700

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 6,136 89,454 105,375 4,185 205,150
Additions 4,211 7,161 - - 11,372
At 31 December 2023 10,347 96,615 105,375 4,185 216,522
DEPRECIATION
At 1 January 2023 5,522 81,369 29,198 3,872 119,961
Charge for year 684 7,156 19,045 149 27,034
At 31 December 2023 6,206 88,525 48,243 4,021 146,995
NET BOOK VALUE
At 31 December 2023 4,141 8,090 57,132 164 69,527
At 31 December 2022 614 8,085 76,177 313 85,189

BAIN & BRIDGES THE TILBURY LIMITED (REGISTERED NUMBER: 08774527)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,192 16,190

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,208
Trade creditors 15,309 13,419
Amounts owed to group undertakings 108,984 111,949
Taxation and social security 24,607 20,671
Other creditors 59,284 55,608
214,184 207,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,552 14,081

9. RELATED PARTY DISCLOSURES

The amount due to Bain & Bridges Limited at the year end was £32,628 (2022 - £37,593).

The company recharges wages cost to Bain & Bridges The White Hart Limited. The amount recharged in the year was £17,546 (2022 - £19,479). The company was charged £38,087 by the White Hart for staff supplied to this company. That company has made advances to this company £76,356 (2022- £74,356).

The Director JJ Bainbridge has loaned the company £48,000 (2022 - £50,000).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Bain & Bridges Limited.