Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity2falsetruefalse 10647895 2023-04-01 2024-03-31 10647895 2022-04-01 2023-03-31 10647895 2024-03-31 10647895 2023-03-31 10647895 2022-04-01 10647895 c:Director1 2023-04-01 2024-03-31 10647895 c:Director2 2023-04-01 2024-03-31 10647895 c:RegisteredOffice 2023-04-01 2024-03-31 10647895 d:PlantMachinery 2023-04-01 2024-03-31 10647895 d:PlantMachinery 2024-03-31 10647895 d:PlantMachinery 2023-03-31 10647895 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10647895 d:MotorVehicles 2023-04-01 2024-03-31 10647895 d:MotorVehicles 2024-03-31 10647895 d:MotorVehicles 2023-03-31 10647895 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10647895 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10647895 d:FreeholdInvestmentProperty 2024-03-31 10647895 d:FreeholdInvestmentProperty 2023-03-31 10647895 d:CurrentFinancialInstruments 2024-03-31 10647895 d:CurrentFinancialInstruments 2023-03-31 10647895 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10647895 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10647895 d:ShareCapital 2023-04-01 2024-03-31 10647895 d:ShareCapital 2024-03-31 10647895 d:ShareCapital 2022-04-01 2023-03-31 10647895 d:ShareCapital 2023-03-31 10647895 d:ShareCapital 2022-04-01 10647895 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 10647895 d:RetainedEarningsAccumulatedLosses 2024-03-31 10647895 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10647895 d:RetainedEarningsAccumulatedLosses 2023-03-31 10647895 d:RetainedEarningsAccumulatedLosses 2022-04-01 10647895 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10647895 c:OrdinaryShareClass1 2024-03-31 10647895 c:OrdinaryShareClass1 2023-03-31 10647895 c:FRS102 2023-04-01 2024-03-31 10647895 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10647895 c:FullAccounts 2023-04-01 2024-03-31 10647895 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10647895 6 2023-04-01 2024-03-31 10647895 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 10647895







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


DEWBRIDGE LIMITED






































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DEWBRIDGE LIMITED
 


 
COMPANY INFORMATION


Directors
L Clarke 
S P Clarke 




Registered number
10647895



Registered office
119 Kingston Road
Leatherhead

Surrey

KT22 7SU




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


DEWBRIDGE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8


 


DEWBRIDGE LIMITED
REGISTERED NUMBER:10647895



STATEMENT OF FINANCIAL POSITION AS AT 31 March 2024


2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
250,917
279,119

Investments
 5 
170,678
60,402

Investment property
 6 
549,739
549,739

  
971,334
889,260

Current assets
  

Debtors: amounts falling due within one year
 7 
75,759
41,842

Cash at bank and in hand
  
331,549
424,369

  
407,308
466,211

Creditors: amounts falling due within one year
 8 
(62,215)
(163,336)

Net current assets
  
 
 
345,093
 
 
302,875

Total assets less current liabilities
  
1,316,427
1,192,135

Provisions for liabilities
  

Deferred tax
  
(62,614)
-

  
 
 
(62,614)
 
 
-

Net assets
  
1,253,813
1,192,135


Capital and reserves
  

Allotted, called up and fully paid
  
200
2

Profit and loss account
  
1,253,613
1,192,133

  
1,253,813
1,192,135


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: 



Page 1

 


DEWBRIDGE LIMITED
REGISTERED NUMBER:10647895


    
STATEMENT OF FINANCIAL POSITION AS AT  (CONTINUED)
31 MARCH 2024

L Clarke
Director

Date: 4 October 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 


DEWBRIDGE LIMITED
 



STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 
31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
2
846,900
846,902


Comprehensive income for the year

Profit for the year
-
345,233
345,233
Total comprehensive income for the year
-
345,233
345,233


Total transactions with owners
-
-
-



At 1 April 2023
2
1,192,133
1,192,135


Comprehensive income for the year

Profit for the year
-
61,480
61,480


Contributions by and distributions to owners

Shares issued during the year
198
-
198


Total transactions with owners
198
-
198


At 31 March 2024
200
1,253,613
1,253,813


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


DEWBRIDGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Dewbridge Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10647895, and its registered office and trading address is 119 Kingston Road, Leatherhead, Surrey, England, KT22 7SU.

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

Exemption from preparing consolidated financial statements

The company, and the group, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover is received on the hire and rental of plant, machinery and property, and measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 


DEWBRIDGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

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:

Plant and machinery
-
10%
Motor vehicles
-
20%

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.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 


DEWBRIDGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Investments in Subsidiaries

Investments in associates are recognised at cost.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

 The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or Valuation


At 1 April 2023
45,875
409,516
455,391


Additions
-
126,800
126,800


Disposals
(1,750)
(93,600)
(95,350)



At 31 March 2024

44,125
442,716
486,841



Depreciation


At 1 April 2023
5,372
170,900
176,272


Charge for year
3,887
88,607
92,494


Disposals
-
(32,842)
(32,842)



At 31 March 2024

9,259
226,665
235,924



Net book value



At 31 March 2024
34,866
216,051
250,917



At 31 March 2023
40,503
238,616
279,119

Page 6

 


DEWBRIDGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost 


At 1 April 2023
-
60,402
60,402


Additions
110,276
-
110,276


Transfers
60,402
(60,402)
-



At 31 March 2024
170,678
-
170,678





6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
549,739



At 31 March 2024
549,739

The 2024 valuations were made by the directors, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
25,140
-

Other debtors
50,333
41,842

Prepayments and accrued income
286
-

75,759
41,842


Page 7

 


DEWBRIDGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20
-

Corporation tax
51,295
142,316

Other creditors
6,900
5,878

Accruals and deferred income
4,000
15,142

62,215
163,336



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 2) Ordinary shares of £1.00 each
200
2


Each ordinary share carries voting rights and there are no restrictions on the distribution of dividends. 
In the year 198 Ordinary shares with a price per share of £1 were allotted for a consideration of £198.


10.


Transactions with directors

Included within other creditors are the following transactions with the directors.


2024
2023
£
£

Balance outstanding at start of year
378
378
Amounts repaid
(378)
-
Balance outstanding at end of year
-
378

No interest is charged on this balance. The balance is repayable on demand.


11.


Related party transactions

Included within the financial statements are the following balances with a company held under common control.
Included within trade debtors is the following amount owed from a company held under common control £25,140 (2023: £Nil).
Included within other creditors is the loan amount of £6,900 (2023: £Nil) owed to a company held under common control £6,900 (2023: £Nil).
Included within turnover are the following sales made to a company held under common control £289,121 (2023: £520,376).
 
Page 8