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Registered number: 14691836
Bridge Aluminium Cylinder Company Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
HPL Accountancy & Business Services Ltd
Suite 8 Broadway House
2 Haygate Road
Wellington
TF1 1QA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14691836
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,715 17,457
12,715 17,457
CURRENT ASSETS
Stocks 5 78,007 44,071
Debtors 6 51,869 111,482
Cash at bank and in hand 22,932 24,198
152,808 179,751
Creditors: Amounts Falling Due Within One Year 7 (85,086 ) (123,840 )
NET CURRENT ASSETS (LIABILITIES) 67,722 55,911
TOTAL ASSETS LESS CURRENT LIABILITIES 80,437 73,368
PROVISIONS FOR LIABILITIES
Deferred Taxation (413 ) (4,218 )
NET ASSETS 80,024 69,150
CAPITAL AND RESERVES
Called up share capital 9 15 15
Profit and Loss Account 80,009 69,135
SHAREHOLDERS' FUNDS 80,024 69,150
For the year ending 28 February 2025 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 his 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
Mr Joseph Newman
Director
05/08/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bridge Aluminium Cylinder Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14691836 . The registered office is Unit 38b Thornleigh Trading Estate, Dudley, DY2 8UB.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 50% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 29 February 2024 22 20,000 1,349 21,371
As at 28 February 2025 22 20,000 1,349 21,371
Depreciation
As at 29 February 2024 8 3,750 156 3,914
Provided during the period 4 4,063 675 4,742
As at 28 February 2025 12 7,813 831 8,656
Net Book Value
As at 28 February 2025 10 12,187 518 12,715
As at 29 February 2024 14 16,250 1,193 17,457
5. Stocks
2025 2024
£ £
Stock 78,007 44,071
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 42,713 82,565
Other debtors 9,156 28,917
51,869 111,482
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,522 8,654
Corporation tax 23,128 48,502
Other taxes and social security - 650
Other creditors 54,516 66,034
Accruals and deferred income 950 -
Director's loan account 970 -
85,086 123,840
Page 3
Page 4
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 29 February 2024 4,218 4,218
Reversals (3,805 ) (3,805)
Balance at 28 February 2025 413 413
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 15 15
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 February 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Joseph Newman (466 ) (504 ) - - (970 )
The above loan is unsecured, interest free and repayable on demand.
Page 4