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REGISTERED NUMBER: 06261506 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Bridle Intellectual Property Limited

Bridle Intellectual Property Limited (Registered number: 06261506)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bridle Intellectual Property Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A B Bridle
Dr K L Verhorevoort





SECRETARY: Dr K L Verhorevoort





REGISTERED OFFICE: 51 The Stream
Ditton
AYLESFORD
Kent
ME20 6AG





REGISTERED NUMBER: 06261506 (England and Wales)





ACCOUNTANTS: Zenon Tax Limited
51 The Stream
Ditton
Aylesford
Kent
ME20 6AG

Bridle Intellectual Property Limited (Registered number: 06261506)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,768 1,604

CURRENT ASSETS
Debtors 5 249,331 257,990
Cash at bank and in hand 262,992 386,502
512,323 644,492
CREDITORS
Amounts falling due within one year 6 175,199 204,671
NET CURRENT ASSETS 337,124 439,821
TOTAL ASSETS LESS CURRENT LIABILITIES 338,892 441,425

PROVISIONS FOR LIABILITIES 389 361
NET ASSETS 338,503 441,064

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 338,501 441,062
SHAREHOLDERS' FUNDS 338,503 441,064

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 February 2025 and were signed on its behalf by:




A B Bridle - Director



Dr K L Verhorevoort - Director


Bridle Intellectual Property Limited (Registered number: 06261506)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Bridle Intellectual Property 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.

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

The revenue recognised is measured by reference to the amounts likely to be chargeable to customers, less suitable allowance to recognise the uncertainties remaining in the completion of the obligation. Contingent income is recognised only when the contingent element is assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Bridle Intellectual Property Limited (Registered number: 06261506)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 7,487 19,067 26,554
Additions 510 874 1,384
At 31 May 2024 7,997 19,941 27,938
DEPRECIATION
At 1 June 2023 7,348 17,602 24,950
Charge for year 111 1,109 1,220
At 31 May 2024 7,459 18,711 26,170
NET BOOK VALUE
At 31 May 2024 538 1,230 1,768
At 31 May 2023 139 1,465 1,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 237,070 247,139
Other debtors 12,261 10,851
249,331 257,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 114,929 128,445
Taxation and social security 56,140 73,226
Other creditors 4,130 3,000
175,199 204,671

7. ULTIMATE CONTROLLING PARTY

The company is controlled by A B Bridle and Dr K L Verhorevoort by virtue of their 100% shareholding.