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REGISTERED NUMBER: 03008057 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Bridges Trading Company Limited

Bridges Trading Company Limited (Registered number: 03008057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bridges Trading Company Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Matthews
R H W Matthews
Mrs A Torjussen
T M Torjussen





SECRETARY: Mrs A Torjussen





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 03008057 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Bridges Trading Company Limited (Registered number: 03008057)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 189,167 199,167
Tangible assets 5 30,661 37,062
219,828 236,229

CURRENT ASSETS
Stocks 254,432 242,177
Debtors 6 185,764 220,321
Cash at bank and in hand 774,870 714,105
1,215,066 1,176,603
CREDITORS
Amounts falling due within one year 7 937,402 860,262
NET CURRENT ASSETS 277,664 316,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,492

552,570

CREDITORS
Amounts falling due after more than one year 8 49,438 122,051
NET ASSETS 448,054 430,519

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair Value Reserve 250,000 250,000
Retained earnings 196,054 178,519
SHAREHOLDERS' FUNDS 448,054 430,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





D G Matthews - Director


Bridges Trading Company Limited (Registered number: 03008057)

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

1. STATUTORY INFORMATION

Bridges Trading Company 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
Income is recognised when goods are dispatched.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty five 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.
Improvements to property - 20% on reducing balance
P & M and computers - 20% on reducing balance
Internet development - 20% on reducing balance
Office equipment, fixtures & fittings - 20% on reducing balance

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 period comprises current tax, 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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date since the amount is not considered material

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

Bridges Trading Company Limited (Registered number: 03008057)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023 50,833
Amortisation for year 10,000
At 31 March 2024 60,833
NET BOOK VALUE
At 31 March 2024 189,167
At 31 March 2023 199,167

5. TANGIBLE FIXED ASSETS
Office
Improvements equipment,
to P & M and Internet fixtures
property computers development & fittings Totals
£    £    £    £    £   
COST
At 1 April 2023 26,636 40,378 38,686 14,060 119,760
Additions - 628 - 636 1,264
At 31 March 2024 26,636 41,006 38,686 14,696 121,024
DEPRECIATION
At 1 April 2023 16,394 27,138 29,287 9,879 82,698
Charge for year 2,049 2,773 1,880 963 7,665
At 31 March 2024 18,443 29,911 31,167 10,842 90,363
NET BOOK VALUE
At 31 March 2024 8,193 11,095 7,519 3,854 30,661
At 31 March 2023 10,242 13,240 9,399 4,181 37,062

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 139,480 156,340
Other debtors 46,284 63,981
185,764 220,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 67,300 67,300
Trade creditors 701,993 685,033
Taxation and social security 142,458 95,801
Other creditors 25,651 12,128
937,402 860,262

Bridges Trading Company Limited (Registered number: 03008057)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 49,438 122,051

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Matthews
Balance outstanding at start of year 37,348 (2,470 )
Amounts advanced 64,116 114,818
Amounts repaid (90,000 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,464 37,348

T M Torjussen
Balance outstanding at start of year (1,898 ) -
Amounts advanced 38,568 24,102
Amounts repaid (33,000 ) (26,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,670 (1,898 )

10. RELATED PARTY DISCLOSURES

During the year, the company occupied, rent free, a property at Elms Rd, Aldershot, Hants which is owned by a company owned and controlled by the directors, Elstream Developments Limited.