Bridgemere Distribution Limited - Period Ending 2025-01-31

Registration number: 04590401

Bridgemere Distribution Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

Bridgemere Distribution Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Bridgemere Distribution Limited

Company Information

Director

Mr M B Ayling

Registered office

C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Accountants

Howsons (Stoke) Limited
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Bridgemere Distribution Limited

(Registration number: 04590401)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	428,023	439,896
Current assets
Stocks	5	8,115	4,964
Debtors	6	1,156,984	833,599
Cash at bank and in hand		90,982	9,697
		1,256,081	848,260
Creditors: Amounts falling due within one year	7	(1,460,565)	(1,173,081)
Net current liabilities		(204,484)	(324,821)
Total assets less current liabilities		223,539	115,075
Creditors: Amounts falling due after more than one year	7	(78,473)	(106,300)
Provisions for liabilities		(48,678)	(22,536)
Net assets/(liabilities)		96,388	(13,761)
Capital and reserves
Called up share capital	8	50,100	50,100
Retained earnings		46,288	(63,861)
Shareholders' funds/(deficit)		96,388	(13,761)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2025

Bridgemere Distribution Limited

(Registration number: 04590401)
Balance Sheet as at 31 January 2025

.........................................
Mr M B Ayling
Director

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% straight line
Fixtures & Fittings	25% straight line
Motor Vehicles	10% straight line
Computer Equipment	25% straight line
Leasehold improvements	5% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 31 (2024 - 27).

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

Land and buildings
£

Furniture, fittings and equipment
£

Motor vehicles
£

Other property, plant and equipment
£

Office equipment
£

Total
£

Cost or valuation

At 1 February 2024

28,973

12,554

604,084

54,461

24,730

724,802

Additions

-

-

116,475

19,550

1,528

137,553

Disposals

-

-

(120,818)

-

-

(120,818)

At 31 January 2025

28,973

12,554

599,741

74,011

26,258

741,537

Depreciation

At 1 February 2024

3,453

9,984

211,587

36,898

22,983

284,905

Charge for the year

1,449

1,616

47,825

8,703

1,471

61,064

Eliminated on disposal

-

-

(32,455)

-

-

(32,455)

At 31 January 2025

4,902

11,600

226,957

45,601

24,454

313,514

Carrying amount

At 31 January 2025

24,071

954

372,784

28,410

1,804

428,023

At 31 January 2024

25,520

2,570

392,497

17,563

1,746

439,896

Included within the net book value of land and buildings above is £24,071 (2024 - £25,521) in respect of long leasehold land and buildings.

Page 7

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Stocks

	2025 £	2024 £
Other inventories	8,115	4,964

Debtors

	2025 £	2024 £
Trade debtors	959,008	660,527
Prepayments	33,501	34,650
Other debtors	164,475	138,422
	1,156,984	833,599

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts		82,053	89,271
Trade creditors		352,894	214,344
Taxation and social security		186,721	509,323
Other creditors		565,897	353,752
Other borrowings		273,000	-
Directors' loan account		-	6,391
		1,460,565	1,173,081
Due after one year
Loans and borrowings		78,473	106,300

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £1 each	100	100	100	100
Ordinary B shares of £1 each	50,000	50,000	50,000	50,000
	50,100	50,100	50,100	50,100

During the prior period the company issued 50,000 £1 Ordinary B Shares.

Bridgemere Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Going Concern

The company has continued to see revenues increase through 2024/25 in excess of 20% and, further, revenues are continuing to grow through 2025/26. After two or three very tough years the company has returned to positive equity and on present performance will continue to do so for the foreseeable future. The Directors', as in the past, will continue to support the company for the foreseeable future and as such, these financial statements have been prepared on the going concern basis.

	Land and buildings £	Furniture, fittings and equipment £	Motor vehicles £	Other property, plant and equipment £	Office equipment £	Total £
Cost or valuation
At 1 February 2024	28,973	12,554	604,084	54,461	24,730	724,802
Additions	-	-	116,475	19,550	1,528	137,553
Disposals	-	-	(120,818)	-	-	(120,818)
At 31 January 2025	28,973	12,554	599,741	74,011	26,258	741,537
Depreciation
At 1 February 2024	3,453	9,984	211,587	36,898	22,983	284,905
Charge for the year	1,449	1,616	47,825	8,703	1,471	61,064
Eliminated on disposal	-	-	(32,455)	-	-	(32,455)
At 31 January 2025	4,902	11,600	226,957	45,601	24,454	313,514
Carrying amount
At 31 January 2025	24,071	954	372,784	28,410	1,804	428,023
At 31 January 2024	25,520	2,570	392,497	17,563	1,746	439,896