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REGISTERED NUMBER: 14259314 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Bridge Electrification Limited

Bridge Electrification Limited (Registered number: 14259314)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bridge Electrification Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: N J Birger
Dr M H Wellers





REGISTERED OFFICE: Unit 1 Viggen Way
Ansty
Coventry
CV7 9RE





REGISTERED NUMBER: 14259314 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Bridge Electrification Limited (Registered number: 14259314)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 85,644 12,508
Cash at bank 60,572 117,923
146,216 130,431
CREDITORS
Amounts falling due within one year 6 (115,344 ) (106,213 )
NET CURRENT ASSETS 30,872 24,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,872

24,218

PROVISIONS FOR LIABILITIES 7 (814 ) (1,926 )
NET ASSETS 30,058 22,292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,958 22,192
30,058 22,292

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Dr M H Wellers - Director


Bridge Electrification Limited (Registered number: 14259314)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Bridge Electrification Limited ('The Company') is primarily engaged in engineering design activities in the engineering and technical consultancy industry.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office is Unit 1 Viggen Way, Ansty, Coventry, England, CV7 9RE. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Significant judgements and estimates
The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

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 statement of financial position date.


Bridge Electrification Limited (Registered number: 14259314)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,859 179
Other debtors 79,785 12,329
85,644 12,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 49,284 1,061
Taxation and social security 40,566 35,895
Other creditors 25,494 69,257
115,344 106,213

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions
Leave pay 814 1,926

Bridge Electrification Limited (Registered number: 14259314)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. PROVISIONS FOR LIABILITIES - continued

Leave
Pay
£   
Balance at 1 January 2024 1,926
Provided during year 814
Utilised during year (1,926 )
Balance at 31 December 2024 814

The leave pay provision of £814 (2023: £1,926) represents holiday balances accrued as a result of services rendered in the current period and which employees are entitled to carry forward. The provision is measured as the salary cost payable for the period of absence.