Bridge-Property-Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08799519

BRIDGE-PROPERTY-SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

BRIDGE-PROPERTY-SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

BRIDGE-PROPERTY-SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	6		6,362	8,674

CURRENT ASSETS

Stocks		6,170	6,465
Debtors	7	5,920	8,925
Cash at bank and in hand		26,015	46,302
		---------	---------
		38,105	61,692

CREDITORS: amounts falling due within one year	8	33,787		48,800
		---------		---------
NET CURRENT ASSETS			4,318	12,892
			---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			10,680	21,566

CREDITORS: amounts falling due after more than one year	9		1,667	5,667

PROVISIONS	10	1,210	1,650
		---------	---------
NET ASSETS		7,803	14,249
		---------	---------

BRIDGE-PROPERTY-SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	12	100	100
Profit and loss account		7,703	14,149
		-------	---------
SHAREHOLDERS FUNDS		7,803	14,249
		-------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 year 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 8 September 2025 , and are signed on behalf of the board by:

Mr J R Bridgestock
Director

Company registration number: 08799519

BRIDGE-PROPERTY-SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

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. Turnover is recognised on the performance of contractual service obligation where a right to consideration is due.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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:

Motor vehicles	-	25% reducing balance
Equipment	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has a present legal or constructive obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

5. TAX ON (LOSS)/PROFIT

Major components of tax (income)/expense

	2024	2023
	£	£

Current tax:

UK current tax (income)/expense	( 838)	1,233

Deferred tax:

Origination and reversal of timing differences	( 440)	( 255)
	-------	----
Tax on (loss)/profit	( 1,278)	978
	-------	----

6. TANGIBLE ASSETS

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	20,180	3,236	23,416
	---------	-------	---------
Depreciation
At 1 January 2024	13,223	1,519	14,742
Charge for the year	1,739	573	2,312
	---------	-------	---------
At 31 December 2024	14,962	2,092	17,054
	---------	-------	---------
Carrying amount
At 31 December 2024	5,218	1,144	6,362
	---------	-------	---------
At 31 December 2023	6,957	1,717	8,674
	---------	-------	---------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	4,920	8,333
Prepayments and accrued income	162	45
Corporation tax repayable	838	547
	-------	-------
	5,920	8,925
	-------	-------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	4,000	4,000
Trade creditors	1,540	2,399
Accruals and deferred income	1,763	1,367
Social security and other taxes	7,834	7,916
Director loan accounts	18,650	33,118
	---------	---------
	33,787	48,800
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,667	5,667
	-------	-------

10. PROVISIONS

	Deferred tax (note 11)
	£
At 1 January 2024	1,650
Additions	( 440)
	-------
At 31 December 2024	1,210
	-------

11. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 10)	1,210	1,650
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	1,210	1,650
	-------	-------

12. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged .