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# P.J. BRIDGMAN & COMPANY LIMITED

## Company Registration Number:
01335032 (England and Wales)

## Unaudited abridged accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 01 January 2024

## End date: 31 December 2024

# P.J. BRIDGMAN & COMPANY LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet |
Notes |

# P.J. BRIDGMAN & COMPANY LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 5,469,625 | 5,607,464
Total fixed assets: |  | 5,469,625 | 5,607,464
Current assets
Stocks: |  | 2,028,730 | 3,025,918
Debtors: |  | 523,739 | 325,524
Cash at bank and in hand: |  | 8,498 | 32,684
Total current assets: |  | 2,560,967 | 3,384,126
Creditors: amounts falling due within one year: | 4 | (3,113,741) | (2,653,962)
Net current assets (liabilities): |  | (552,774) | 730,164
Total assets less current liabilities: |  | 4,916,851 | 6,337,628
Creditors: amounts falling due after more than one year: | 5 | (30,368) | (151,171)
Provision for liabilities: |  | (585,535) | (847,666)
Total net assets (liabilities): |  | 4,300,948 | 5,338,791
Capital and reserves
Called up share capital: |  | 209 | 209
Revaluation reserve: | 6 | 3,475,719 | 3,213,588
Other reserves: |  | 102 | 102
Profit and loss account: |  | 824,918 | 2,124,892
Shareholders funds: |  | 4,300,948 | 5,338,791

The notes form part of these financial statements

# P.J. BRIDGMAN & COMPANY LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2025
and signed on behalf of the board by:

Name: Mr P J Bridgman
Status: Director

The notes form part of these financial statements

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 2. Employees

| 2024 | 2023
--- | --- | ---
Average number of employees during the period | 36 | 41

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 January 2024 | 6,509,829
Additions | 3,017
Disposals | (41,390)
At 31 December 2024 | 6,471,456
Depreciation |
At 01 January 2024 | 902,365
Charge for year | 109,814
On disposals | (10,348)
At 31 December 2024 | 1,001,831
Net book value |
At 31 December 2024 | 5,469,625
At 31 December 2023 | 5,607,464

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Creditors: amounts falling due within one year note

Bank overdraft £2,194,218 (2023 - £1,678,830) Bank loan £109,541 (2023 - £141,007) The bank overdraft is secured on certain of the company's freehold properties and a debenture secured on all business assets. The bank loans are secured by the UK Government under the Coronavirus Business Interruption Loan Scheme.

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Creditors: amounts falling due after more than one year note

Bank loan £30,368 (2023 - £151,171)

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6. Revaluation reserve

| 2024
--- | ---
| £
Balance at 01 January 2024 | 3,213,588
Surplus or deficit after revaluation | 262,131
Balance at 31 December 2024 | 3,475,719

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 7. Financial commitments

Total future minimum payments under non-cancellable operating leases £759,433 (2023 - £758,092)

# P.J. BRIDGMAN & COMPANY LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 8. Related party transactions

Name of the related party: | Mr P Bridgman
Relationship: | Director and shareholder
Description of the Transaction: | Amount due to Mr P Bridgman
£
Balance at 01 January 2024 |  | 60,216
Balance at 31 December 2024 |  | 310,216

Name of the related party: | Mr R Bridgman
Relationship: | Director and shareholder
Description of the Transaction: | Amount due to Mr R Bridgman
£
Balance at 01 January 2024 |  | 6,605
Balance at 31 December 2024 |  | 6,605

The company was party to two leases for the commercial premises owned partly by the personal pension scheme of Mr P Bridgman. The open market value annual rental cost charged during the year was £69,563 (2023 - £73,872). During the year company dividends declared to the directors were £92,000 (2023 - £113,000).