Certain Bridge Limited
Filleted Accounts
30 April 2024
Registered number
10898368
Certain Bridge Limited
Registered number: 10898368
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 110,000 112,500
Tangible assets 4 23,606 31,475
Investments 5 60,760 60,760
194,366 204,735
Current assets
Debtors 6 11,241,736 8,307,278
Cash at bank and in hand 1,821,603 857,153
13,063,339 9,164,431
Creditors: amounts falling due within one year 7 (2,691,136) (1,227,292)
Net current assets 10,372,203 7,937,139
Total assets less current liabilities 10,566,569 8,141,874
Creditors: amounts falling due after more than one year 8 (7,519,007) (6,061,820)
Net assets 3,047,562 2,080,054
Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 185,000 185,000
Profit and loss account 2,862,462 1,894,954
Shareholders' funds 3,047,562 2,080,054
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 Hall
Director
Approved by the board on 28 January 2025
Certain Bridge 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% reducing balance
Computer software 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 125,000
At 30 April 2024 125,000
Amortisation
At 1 May 2023 12,500
Provided during the year 2,500
At 30 April 2024 15,000
Net book value
At 30 April 2024 110,000
At 30 April 2023 112,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Computer software Total
£ £ £
Cost
At 1 May 2023 48,200 24,400 72,600
At 30 April 2024 48,200 24,400 72,600
Depreciation
At 1 May 2023 30,450 10,675 41,125
Charge for the year 4,438 3,431 7,869
At 30 April 2024 34,888 14,106 48,994
Net book value
At 30 April 2024 13,312 10,294 23,606
At 30 April 2023 17,750 13,725 31,475
5 Investments
Other
investments
£
Cost
At 1 May 2023 60,760
At 30 April 2024 60,760
6 Debtors 2024 2023
£ £
Loans to subsidiaries 224,000 4,000
Other debtors 11,017,736 8,303,278
11,241,736 8,307,278
7 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 325,959 195,568
Accruals 4,800 4,500
Other financing loans 2,353,417 1,020,000
Bounce back loan 6,960 7,224
2,691,136 1,227,292
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back bank loan 24,704 34,320
Other financing loans 7,494,303 6,027,500
7,519,007 6,061,820
9 Revaluation reserve 2024 2023
£ £
At 1 May 2023 185,000 110,000
Gain on revaluation - 75,000
At 30 April 2024 185,000 185,000
10 Other information
Certain Bridge Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 6 Portal Business Park
Eaton Lane
Tarporley
Cheshire
CW6 9DL
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