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REGISTERED NUMBER: 01211946 (England and Wales)















Bridgend Plant Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Bridgend Plant Limited (Registered number: 01211946)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bridgend Plant Limited

Company Information
for the Year Ended 30 April 2024







Directors: Mr B Manning
Mrs. F Manning





Registered office: Brodawel
Coychurch
Bridgend
Vale of Glamorgan
CF35 5BU





Registered number: 01211946 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Bridgend Plant Limited (Registered number: 01211946)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 84,670 138,837
Investments 5 1 1
Investment property 6 404,625 404,625
489,296 543,463

Current assets
Stocks 2,550,548 3,036,768
Debtors 7 274,283 265,829
Cash at bank 738,796 55,766
3,563,627 3,358,363
Creditors
Amounts falling due within one year 8 (2,929,525 ) (2,627,002 )
Net current assets 634,102 731,361
Total assets less current liabilities 1,123,398 1,274,824

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 1,122,398 1,273,824
Shareholders' funds 1,123,398 1,274,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr B Manning - Director


Bridgend Plant Limited (Registered number: 01211946)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Bridgend Plant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
The directors have assessed the balance sheet and likely future cash flows of the company at the date of
approving the financial statements. These demonstrate that the company will continue to incur minimal
administrative costs, consistent with prior years, and that the company has sufficient cash reserves to enable it to meet these obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements.

As such, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Bridgend Plant Limited (Registered number: 01211946)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. Employees and directors

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

4. Tangible fixed assets
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 May 2023 68,337 124,450 1,232 46,221 240,240
Disposals - (60,250 ) (1,232 ) - (61,482 )
At 30 April 2024 68,337 64,200 - 46,221 178,758
Depreciation
At 1 May 2023 - 53,950 1,232 46,221 101,403
Charge for year - 16,511 - - 16,511
Eliminated on disposal - (22,594 ) (1,232 ) - (23,826 )
At 30 April 2024 - 47,867 - 46,221 94,088
Net book value
At 30 April 2024 68,337 16,333 - - 84,670
At 30 April 2023 68,337 70,500 - - 138,837

5. Fixed asset investments
Shares in
group
undertaking
£   
Cost
At 1 May 2023
and 30 April 2024 1
Net book value
At 30 April 2024 1
At 30 April 2023 1

6. Investment property
Total
£   
Fair value
At 1 May 2023
and 30 April 2024 404,625
Net book value
At 30 April 2024 404,625
At 30 April 2023 404,625

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,969 4,969
Other debtors 203,971 200,557
Tax 59,270 59,270
VAT 6,073 1,033
274,283 265,829

Bridgend Plant Limited (Registered number: 01211946)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,807 4,586
Amounts owed to group undertakings 2,441,108 2,465,305
Tax - 1,822
Other creditors 7,293 7,143
Directors' current accounts 211,111 145,290
Accrued expenses 268,206 2,856
2,929,525 2,627,002

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr B Manning
Balance outstanding at start of year (145,290 ) 58,224
Amounts advanced 250,237 159,853
Amounts repaid (316,058 ) (363,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (211,111 ) (145,290 )

11. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the end of the year, £4,969 was owed to Bridgend Plant Ltd by Bridgend Plant Trustees.

12. Ultimate controlling party

The controlling party is Mr B Manning.