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FINNBRIDGE LIMITED

Registered Number
NI675968
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 March 2024

FINNBRIDGE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Catterson, Elaine
Catterson, Paul

Company Secretary

CATTERSON, Paul

Registered Address

139a Kilrea Road
Upperlands
Maghera
BT46 5TA

Registered Number

NI675968 (Northern Ireland)
FINNBRIDGE LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets358,66364,085
Investments4151151
58,81464,236
Current assets
Debtors5130,730151,857
Cash at bank and on hand60,19072,396
190,920224,253
Creditors amounts falling due within one year6(52,468)(38,823)
Net current assets (liabilities)138,452185,430
Total assets less current liabilities197,266249,666
Net assets197,266249,666
Capital and reserves
Called up share capital250250
Revaluation reserve70,35470,354
Profit and loss account126,662179,062
Shareholders' funds197,266249,666
The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2024, and are signed on its behalf by:
Catterson, Paul
Director
Registered Company No. NI675968
FINNBRIDGE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles5
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year35
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 2378,0012,0583,29783,356
Additions13,560--13,560
At 31 March 2491,5612,0583,29796,916
Depreciation and impairment
At 01 April 2318,20041265919,271
Charge for year17,91141265918,982
At 31 March 2436,1118241,31838,253
Net book value
At 31 March 2455,4501,2341,97958,663
At 31 March 2359,8011,6462,63864,085
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 23151151
At 31 March 24151151
Net book value
At 31 March 24151151
At 31 March 23151151

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables124,11052,000
Amounts owed by group undertakings6,44099,639
Other debtors180218
Total130,730151,857
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables12,4913,134
Taxation and social security10,9087,870
Other creditors27,72126,547
Accrued liabilities and deferred income1,3481,272
Total52,46838,823