1 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04320422 2023-04-01 2024-03-31 04320422 2024-03-31 04320422 2023-03-31 04320422 2022-04-01 2023-03-31 04320422 2023-03-31 04320422 2022-03-31 04320422 bus:RegisteredOffice 2023-04-01 2024-03-31 04320422 bus:Director1 2023-04-01 2024-03-31 04320422 core:FurnitureFittingsToolsEquipment 2023-03-31 04320422 core:WithinOneYear 2024-03-31 04320422 core:WithinOneYear 2023-03-31 04320422 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04320422 core:ShareCapital 2024-03-31 04320422 core:ShareCapital 2023-03-31 04320422 core:RetainedEarningsAccumulatedLosses 2024-03-31 04320422 core:RetainedEarningsAccumulatedLosses 2023-03-31 04320422 bus:SmallEntities 2023-04-01 2024-03-31 04320422 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04320422 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04320422 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04320422 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 04320422
TRACEY BRIDGES LIMITED
Unaudited filleted financial statements
31 March 2024
TRACEY BRIDGES LIMITED
Directors and other information
Director Tracey Potter
Company number 04320422
Registered office The Grange
Yatton Keynell
Chippenham
Wiltshire
Business address 35 Dunvant Road
Redhouse
Swindon
TRACEY BRIDGES LIMITED
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 6 8,612 830
Cash at bank and in hand 128 1,659
_______ _______
8,740 2,489
Creditors: amounts falling due
within one year 7 ( 5,738) ( 2,174)
_______ _______
Net current assets 3,002 315
_______ _______
Total assets less current liabilities 3,002 315
_______ _______
Net assets 3,002 315
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,000 313
_______ _______
Shareholder funds 3,002 315
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 December 2024 , and are signed on behalf of the board by:
Tracey Potter
Director
Company registration number: 04320422
TRACEY BRIDGES LIMITED
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Tracey Bridges Limited, The Grange, Yatton Keynell, Chippenham, Wiltshire.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of comprehensive income.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 5,999 5,999
Disposals ( 5,999) ( 5,999)
_______ _______
At 31 March 2024 - -
_______ _______
Depreciation
At 1 April 2023 5,999 5,999
Disposals ( 5,999) ( 5,999)
_______ _______
At 31 March 2024 - -
_______ _______
Carrying amount
At 31 March 2024 - -
_______ _______
At 31 March 2023 - -
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 1,095 510
Other debtors 7,517 320
_______ _______
8,612 830
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Taxes 2,018 948
Other creditors 3,720 1,226
_______ _______
5,738 2,174
_______ _______