REGISTERED NUMBER: 08774527 (England and Wales)

BAIN & BRIDGES THE TILBURY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

J J Bainbridge

T I Bainbridge

SECRETARY:

Mrs G Bainbridge

REGISTERED OFFICE:

255 Green Lanes

Palmers Green

London

N13 4XE

REGISTERED NUMBER:

08774527 (England and Wales)

ACCOUNTANTS:

John Crook & Partners

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

54,711

69,527

54,711

69,527

CURRENT ASSETS

Stocks

9,450

9,000

Debtors

6

31,755

17,192

Cash at bank and in hand

28,586

111,386

69,791

137,578

CREDITORS

Amounts falling due within one year

7

135,794

214,184

NET CURRENT LIABILITIES

(66,003

)

(76,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,292

)

(7,079

)

CREDITORS

Amounts falling due after more than one year

8

(2,500

)

(8,552

)

PROVISIONS FOR LIABILITIES

(14,498

)

(13,210

)

NET LIABILITIES

(28,290

)

(28,841

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,390

)

(28,941

)

(28,290

)

(28,841

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

T I Bainbridge - Director

J J Bainbridge - Director

1.	STATUTORY INFORMATION

Bain & Bridges The Tilbury 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.

The directors consider that the company is a going concern as the working capital is provided by a shareholder who is a family member. The support of the family member is ongoing.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

47,000

AMORTISATION

At 1 January 2024

and 31 December 2024

47,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

10,347

96,615

105,375

4,185

216,522

Additions

-

1,130

-

1,514

2,644

At 31 December 2024

10,347

97,745

105,375

5,699

219,166

DEPRECIATION

At 1 January 2024

6,206

88,525

48,243

4,021

146,995

Charge for year

421

2,457

14,283

299

17,460

At 31 December 2024

6,627

90,982

62,526

4,320

164,455

NET BOOK VALUE

At 31 December 2024

3,720

6,763

42,849

1,379

54,711

At 31 December 2023

4,141

8,090

57,132

164

69,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

15,306

-

Other debtors

16,449

17,192

31,755

17,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,000

6,000

Trade creditors

18,139

15,309

Amounts owed to group undertakings

74,373

108,984

Taxation and social security

34,035

24,607

Other creditors

3,247

59,284

135,794

214,184

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,500

8,552

9.	RELATED PARTY DISCLOSURES

The amount due to Bain & Bridges Limited at the year end was £18,667 (2023 - £32,628). Bain & Bridges The Tilbury Limited has paid £38,250 to Bain & Bridges Limited for management services.

The company recharges wages cost to Bain & Bridges The White Hart Limited. The amount recharged in the year was £7,178 (2023 - £17,546). The company was charged £13,643 by the White Hart for staff supplied to this company. That company has made advances to this company £55,706 (2023- £76,356).

The Director JJ Bainbridge has loaned the company £Nil (2023 - £48,000).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Bain & Bridges Limited.