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Bridging Gaps Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Abacus 46 Ltd
Pegasus Court Second Floor, Suite 1
27 Herschel Street
Slough
SL1 1PA
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05989754
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,755 55,596
57,755 55,596
CURRENT ASSETS
Debtors 204,791 123,500
Cash at bank and in hand 80,998 97,716
285,789 221,216
Creditors: Amounts Falling Due Within One Year (57,039 ) (42,077 )
NET CURRENT ASSETS (LIABILITIES) 228,750 179,139
TOTAL ASSETS LESS CURRENT LIABILITIES 286,505 234,735
Creditors: Amounts Falling Due After More Than One Year (20,717 ) (31,366 )
NET ASSETS 265,788 203,369
CAPITAL AND RESERVES
Other reserves 31,205 31,205
Profit and Loss Account 234,583 172,164
SHAREHOLDERS' FUNDS 265,788 203,369
Page 1
Page 2
For the year ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Zaneb Khan
Director
16/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Bridging Gaps Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05989754 . The registered office is Norwich Union House First Floor, 9 Mackenzie Street, Slough, Berkshire, SL1 1XQ.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any 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:
Plant & Machinery 0
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 14 12
14 12
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 134,008
Additions 21,412
As at 31 March 2024 155,420
Depreciation
As at 1 April 2023 78,412
Provided during the period 19,253
As at 31 March 2024 97,665
Net Book Value
As at 31 March 2024 57,755
As at 1 April 2023 55,596
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Page 4
5. Share Capital
Page 4