Company registration number 13680969 (England and Wales)
Bridges Group Services Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2024
PAGES FOR FILING WITH REGISTRAR
Bridges Group Services Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Bridges Group Services Ltd
Statement Of Financial Position
as at 28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
86,105
11,043
Current assets
Debtors
6
111,440
68,038
Cash at bank and in hand
42,834
64,104
154,274
132,142
Creditors: amounts falling due within one year
7
(114,362)
(89,293)
Net current assets
39,912
42,849
Total assets less current liabilities
126,017
53,892
Creditors: amounts falling due after more than one year
8
(38,294)
Net assets
87,723
53,892
Capital and reserves
Called up share capital
110
1
Profit and loss reserves
87,613
53,891
Total equity
87,723
53,892
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 September 2024
S Halmshaw
Director
Company registration number 13680969 (England and Wales)
Bridges Group Services Ltd
Notes to the Financial Statements
for the year ended 28 February 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% Reducing balance
Motor vehicles
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Bridges Group Services Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2024
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
54
57
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
2,821
17,992
Adjustments in respect of prior periods
(93)
Total current tax
2,728
17,992
Bridges Group Services Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2024
- 4 -
5
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 March 2023
2,000
11,092
13,092
Additions
5,250
113,975
119,225
Disposals
(27,500)
(27,500)
At 28 February 2024
7,250
97,567
104,817
Depreciation and impairment
At 1 March 2023
200
1,849
2,049
Depreciation charged in the year
795
15,868
16,663
At 28 February 2024
995
17,717
18,712
Carrying amount
At 28 February 2024
6,255
79,850
86,105
At 28 February 2023
1,800
9,243
11,043
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
110,640
68,038
Other debtors
800
111,440
68,038
7
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
20,450
Trade creditors
17,106
16,389
Corporation tax
2,821
17,992
Other taxation and social security
51,884
36,995
Other creditors
20,101
15,917
Accruals and deferred income
2,000
2,000
114,362
89,293
Obligations under hire purchase contracts are secured on the assets to which the finance relates.
Bridges Group Services Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2024
- 5 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
38,294
Obligations under hire purchase contracts are secured on the assets to which the finance relates.
9
Company information
Bridges Group Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Shelf Hall Lodge, Halifax Road, Shelf, Halifax, West Yorkshire, HX3 7NT.