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REGISTERED NUMBER: 01681524 (England and Wales)














Bridge Greenhouses Limited

Audited Financial Statements

for the Year Ended 31 December 2024






Bridge Greenhouses Limited (Registered number: 01681524)

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 to 5


Bridge Greenhouses Limited

Company Information
for the Year Ended 31 December 2024







Directors: J L Adams
D J Summerfield
S J Hole





Secretary: S J Hole





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: Chalk Lane
Keynor Lane
Sidlesham
Chichester
West Sussex
PO20 7LL





Registered number: 01681524 (England and Wales)





Auditors: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Bridge Greenhouses Limited (Registered number: 01681524)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 6 89,468 80,630

Current assets
Debtors 7 746,796 437,781
Cash at bank 783,469 523,472
1,530,265 961,253
Creditors
Amounts falling due within one year 8 695,822 393,668
Net current assets 834,443 567,585
Total assets less current liabilities 923,911 648,215

Capital and reserves
Called up share capital 10 2,642 3,230
Capital redemption reserve 7,358 6,770
Retained earnings 913,911 638,215
Shareholders' funds 923,911 648,215

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 4 June 2025 and were signed on its behalf by:




D J Summerfield - Director J L Adams - Director




S J Hole - Director


Bridge Greenhouses Limited (Registered number: 01681524)

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


1. Statutory information

Bridge Greenhouses 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.

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.

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

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-25% reducing balance
Fixtures and office equipment-15% reducing balance
Motor vehicles-25% reducing balance
Computer equipment-3 years straight line

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.

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.

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.

Bridge Greenhouses Limited (Registered number: 01681524)

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


3. Accounting policies - continued

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

5. Auditors' remuneration
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

9,000

8,600

6. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 January 2024 17,705 35,030 127,848 180,583
Additions 1,815 4,232 40,000 46,047
Disposals (285 ) (549 ) (28,250 ) (29,084 )
At 31 December 2024 19,235 38,713 139,598 197,546
Depreciation
At 1 January 2024 15,759 28,721 55,473 99,953
Charge for year 923 3,094 26,418 30,435
Eliminated on disposal (215 ) (549 ) (21,546 ) (22,310 )
At 31 December 2024 16,467 31,266 60,345 108,078
Net book value
At 31 December 2024 2,768 7,447 79,253 89,468
At 31 December 2023 1,946 6,309 72,375 80,630

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 284,879 217,025
Deferred tax asset 4,424 4,544
Prepayments and accrued income 457,493 216,212
746,796 437,781

Bridge Greenhouses Limited (Registered number: 01681524)

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


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 180,106 156,842
Corporation tax 159,869 20,977
Social security and other taxes 13,412 6,988
VAT 111,983 50,048
Accruals and deferred income 230,452 158,813
695,822 393,668

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,261 32,761
Between one and five years 29,978 53,409
66,239 86,170

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,809 Ordinary shares £0.10 880 880
17,626 Ordinary B shares £0.10 1,762 2,350
2,642 3,230

During the year to 31 December 2024, share capital of 5,876 Ordinary B shares were purchased back by the company and cancelled. The rights attached to these B shares are they confer no right to attend or vote at members' meetings or on members' written resolutions, are not eligible for dividends and are not eligible to be repaid on winding up or other return of capital.

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Craig Reid BSc, FCCA (Senior Statutory Auditor)
for and on behalf of Moore Thompson