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Registered number: 13097184
Bridge Education (AP) Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13097184
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 6,000
Tangible Assets 5 5,420 6,151
9,420 12,151
CURRENT ASSETS
Debtors 6 102,057 450
Cash at bank and in hand 144,667 73,790
246,724 74,240
Creditors: Amounts Falling Due Within One Year 7 (130,667 ) (68,288 )
NET CURRENT ASSETS (LIABILITIES) 116,057 5,952
TOTAL ASSETS LESS CURRENT LIABILITIES 125,477 18,103
NET ASSETS 125,477 18,103
CAPITAL AND RESERVES
Called up share capital 8 101 100
Profit and Loss Account 125,376 18,003
SHAREHOLDERS' FUNDS 125,477 18,103
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Julie Dickinson
Director
6 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bridge Education (AP) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13097184 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 6 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 12,000
As at 31 December 2024 12,000
Amortisation
As at 1 January 2024 6,000
Provided during the period 2,000
As at 31 December 2024 8,000
Net Book Value
As at 31 December 2024 4,000
As at 1 January 2024 6,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 6,578 1,185 7,763
Additions - 725 725
As at 31 December 2024 6,578 1,910 8,488
Depreciation
As at 1 January 2024 1,316 296 1,612
Provided during the period 1,052 404 1,456
As at 31 December 2024 2,368 700 3,068
Net Book Value
As at 31 December 2024 4,210 1,210 5,420
As at 1 January 2024 5,262 889 6,151
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100,635 -
Other debtors 1,422 450
102,057 450
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,126 -
Other creditors 54,181 50,982
Taxation and social security 72,360 17,306
130,667 68,288
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 100
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