Registered number
03441840
GUY BRIDGER LIMITED
Filleted Accounts
30 April 2024
GUY BRIDGER LIMITED
Registered number: 03441840
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,241 8,401
Current assets
Debtors 4 84,004 74,867
Cash at bank and in hand 7,572 19,110
91,576 93,977
Creditors: amounts falling due within one year 5 (49,741) (82,314)
Net current assets 41,835 11,663
Net assets 48,076 20,064
Capital and reserves
Called up share capital 10 10
Profit and loss account 48,066 20,054
Shareholders' funds 48,076 20,064
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Bridger
Director
Approved by the board on 4 June 2024
GUY BRIDGER LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% straight line
Fixtures, fittings, tools and equipment 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 16
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 May 2023 67,680 500 68,180
At 30 April 2024 67,680 500 68,180
Depreciation
At 1 May 2023 59,279 500 59,779
Charge for the year 2,160 - 2,160
At 30 April 2024 61,439 500 61,939
Net book value
At 30 April 2024 6,241 - 6,241
At 30 April 2023 8,401 - 8,401
4 Debtors 2024 2023
£ £
Trade debtors 41,468 27,630
Loan to taxfile 10,000 10,000
Prepayments rent 10,650 10,650
Rent deposit 5,720 5,720
Other debtors 16,166 20,867
84,004 74,867
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 40,990 49,581
Taxation and social security costs 5,497 27,067
Other creditors 3,254 5,666
49,741 82,314
6 Controlling party
The company was under the control of Mr G Bridger throughout the current and previous year. Mr G Bridger is the managing director and majority shareholder.
7 Other information
GUY BRIDGER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
25 Thurlow Park Road
London
England
SE21 8JP
GUY BRIDGER LIMITED 03441840 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 G Bridger No description of principal activity 03441840 2022-05-01 2023-04-30 03441840 core:WithinOneYear 2023-04-30 03441840 core:ShareCapital 2023-04-30 03441840 core:RetainedEarningsAccumulatedLosses 2023-04-30 03441840 2023-05-01 2024-04-30 03441840 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03441840 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03441840 bus:Director40 2023-05-01 2024-04-30 03441840 1 2023-05-01 2024-04-30 03441840 2 2023-05-01 2024-04-30 03441840 core:PlantMachinery 2023-05-01 2024-04-30 03441840 core:Vehicles 2023-05-01 2024-04-30 03441840 countries:England 2023-05-01 2024-04-30 03441840 bus:FRS102 2023-05-01 2024-04-30 03441840 bus:FilletedAccounts 2023-05-01 2024-04-30 03441840 2024-04-30 03441840 core:WithinOneYear 2024-04-30 03441840 core:ShareCapital 2024-04-30 03441840 core:RetainedEarningsAccumulatedLosses 2024-04-30 03441840 core:PlantMachinery 2024-04-30 03441840 core:Vehicles 2024-04-30 03441840 2023-04-30 03441840 core:PlantMachinery 2023-04-30 03441840 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure