5 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,125,735 361,928 75,694 437,622 688,113 763,807 40,582 33,139 2,510 35,649 4,933 7,443 xbrli:pure xbrli:shares iso4217:GBP 14754052 2024-04-01 2025-02-28 14754052 2025-02-28 14754052 2024-03-31 14754052 2023-03-24 2024-03-31 14754052 2024-03-31 14754052 2023-03-23 14754052 core:NetGoodwill 2024-04-01 2025-02-28 14754052 bus:Director3 2024-04-01 2025-02-28 14754052 bus:Director4 2024-04-01 2025-02-28 14754052 core:WithinOneYear 2025-02-28 14754052 core:WithinOneYear 2024-03-31 14754052 core:NetGoodwill 2024-03-31 14754052 core:NetGoodwill 2025-02-28 14754052 core:AfterOneYear 2025-02-28 14754052 core:AfterOneYear 2024-03-31 14754052 core:ShareCapital 2025-02-28 14754052 core:ShareCapital 2024-03-31 14754052 core:RetainedEarningsAccumulatedLosses 2025-02-28 14754052 core:RetainedEarningsAccumulatedLosses 2024-03-31 14754052 core:NetGoodwill 2024-03-31 14754052 bus:SmallEntities 2024-04-01 2025-02-28 14754052 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-02-28 14754052 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-02-28 14754052 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-02-28 14754052 bus:FullAccounts 2024-04-01 2025-02-28 14754052 core:ComputerEquipment 2025-02-28 14754052 core:ComputerEquipment 2024-03-31 14754052 core:ComputerEquipment 2024-04-01 2025-02-28 14754052 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-02-28
COMPANY REGISTRATION NUMBER: 14754052
BRIDGES & CO FINANCIAL ADVISERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 February 2025
BRIDGES & CO FINANCIAL ADVISERS LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2025
28 Feb 25
31 Mar 24
Note
£
£
£
FIXED ASSETS
Intangible assets
5
688,113
763,807
Tangible assets
6
4,933
7,443
-----------
-----------
693,046
771,250
CURRENT ASSETS
Debtors
7
59,776
44,745
Cash at bank and in hand
2,994
55,926
---------
-----------
62,770
100,671
CREDITORS: amounts falling due within one year
8
111,536
188,037
-----------
-----------
NET CURRENT LIABILITIES
48,766
87,366
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
644,280
683,884
CREDITORS: amounts falling due after more than one year
9
622,945
600,030
PROVISIONS
Taxation including deferred tax
1,233
1,860
-----------
-----------
NET ASSETS
20,102
81,994
-----------
-----------
BRIDGES & CO FINANCIAL ADVISERS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2025
28 Feb 25
31 Mar 24
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
20,002
81,894
---------
---------
SHAREHOLDERS FUNDS
20,102
81,994
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28th February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 April 2025 , and are signed on behalf of the board by:
Mr A Small
Mr P Greenhow
Director
Director
Company registration number: 14754052
BRIDGES & CO FINANCIAL ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1st APRIL 2024 TO 28th FEBRUARY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Willow Mill Fell View, Caton, Lancaster, LA2 9RA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
BASIS OF PREPARATION
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
AMORTISATION
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
TANGIBLE ASSETS
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
Between 20% and 33.33%
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 5 (2024: 5 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1st April 2024 and 28th February 2025
1,125,735
--------------
Amortisation
At 1st April 2024
361,928
Charge for the period
75,694
--------------
At 28th February 2025
437,622
--------------
Carrying amount
At 28th February 2025
688,113
--------------
At 31st March 2024
763,807
--------------
6. TANGIBLE ASSETS
Fixtures, fittings and equipment
Total
£
£
Cost
At 1st April 2024 and 28th February 2025
40,582
40,582
---------
---------
Depreciation
At 1st April 2024
33,139
33,139
Charge for the period
2,510
2,510
---------
---------
At 28th February 2025
35,649
35,649
---------
---------
Carrying amount
At 28th February 2025
4,933
4,933
---------
---------
At 31st March 2024
7,443
7,443
---------
---------
7. DEBTORS
28 Feb 25
31 Mar 24
£
£
Trade debtors
19,562
42,336
Amounts owed by group undertakings
37,206
Prepayments and accrued income
2,704
2,409
Other debtors
304
---------
---------
59,776
44,745
---------
---------
8. CREDITORS: amounts falling due within one year
28 Feb 25
31 Mar 24
£
£
Trade creditors
14,437
1,519
Accruals and deferred income
2,178
3,046
Corporation tax
38,921
48,255
Social security and other taxes
76
Director loan accounts
333
SJP loan
56,000
56,000
Other creditors
78,808
-----------
-----------
111,536
188,037
-----------
-----------
9. CREDITORS: amounts falling due after more than one year
28 Feb 25
31 Mar 24
£
£
SJP loan
622,945
600,030
-----------
-----------