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REGISTERED NUMBER: 08046556 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRIDGE AUTOMOTIVE ACADEMY LIMITED

BRIDGE AUTOMOTIVE ACADEMY LIMITED (REGISTERED NUMBER: 08046556)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


BRIDGE AUTOMOTIVE ACADEMY LIMITED (REGISTERED NUMBER: 08046556)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,444 208,429

CURRENT ASSETS
Debtors 5 30,502 34,363
Cash at bank and in hand 92,948 3,231
123,450 37,594
CREDITORS
Amounts falling due within one year 6 113,085 38,734
NET CURRENT ASSETS/(LIABILITIES) 10,365 (1,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,809

207,289

PROVISIONS FOR LIABILITIES 31,000 32,000
NET ASSETS 176,809 175,289

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 176,698 175,178
176,809 175,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRIDGE AUTOMOTIVE ACADEMY LIMITED (REGISTERED NUMBER: 08046556)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:





C M Arnold - Director


BRIDGE AUTOMOTIVE ACADEMY LIMITED (REGISTERED NUMBER: 08046556)

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


1. STATUTORY INFORMATION

Bridge Automotive Academy Limited is a private company, limited by shares, registered in England and Wales, registered number 08046556. Its registered office is Bridge Business Park, Bridge Street, Wednesbury, West Midlands, WS10 0AW.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 5% straight line

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

BRIDGE AUTOMOTIVE ACADEMY LIMITED (REGISTERED NUMBER: 08046556)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 272,246
Additions 2,922
At 31 August 2024 275,168
DEPRECIATION
At 1 September 2023 63,817
Charge for year 13,907
At 31 August 2024 77,724
NET BOOK VALUE
At 31 August 2024 197,444
At 31 August 2023 208,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 12,384 23,065
Other debtors 18,118 11,298
30,502 34,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 17,083 20,714
Taxation and social security 70,131 15,248
Other creditors 25,871 2,772
113,085 38,734

BRIDGE AUTOMOTIVE ACADEMY LIMITED (REGISTERED NUMBER: 08046556)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 40,000 -
Between one and five years 170,000 -
210,000 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
C M Arnold
Balance outstanding at start of year (47 ) 4,853
Amounts advanced 64,240 32,100
Amounts repaid (72,926 ) (37,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,733 ) (47 )

The above loans were unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2023 - £36,000) were paid to the director .