ACCOUNTS - Final Accounts

Company registration number: 07787978

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	M J BRIDGES & SONS LIMITED


M J BRIDGES & SONS LIMITED

COMPANY INFORMATION

Directors	Mr M Bridges
	Mr B Bridges
	Mr R Bridges


Registered number	07787978


Registered office	24 Woodside Close
	Surbiton
	Surrey
	KT5 9JU


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


M J BRIDGES & SONS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


M J BRIDGES & SONS LIMITED REGISTERED NUMBER:07787978

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		43,404		55,470
			43,404		55,470
Current assets
Stocks		5,000		5,000
Debtors: amounts falling due within one year	5	11,870		20,843
Cash at bank and in hand		40,639		66,810
		57,509		92,653
Creditors: amounts falling due within one year	6	(57,689)		(46,883)
Net current (liabilities)/assets			(180)		45,770
Total assets less current liabilities			43,224		101,240
Creditors: amounts falling due after more than one year	7		(19,875)		(33,914)

Net assets			23,349		67,326

Capital and reserves
Called up share capital	6	6
Profit and loss account	23,343	67,320
	23,349	67,326

Page 1


M J BRIDGES & SONS LIMITED REGISTERED NUMBER:07787978

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ Mr B Bridges	................................................ Mr R Bridges
Director	Director

Date: 23 September 2025	Date:23 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


M J BRIDGES & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

M J Bridges & Sons Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated though providing plumbing services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3


M J BRIDGES & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles

25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 7 (2023 -5).

Page 4


M J BRIDGES & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Plant and machinery etc.
		£
	Cost or valuation
	At 1 January 2024	66,577
	Additions	5,985
	At 31 December 2024	72,562
	Depreciation
	At 1 January 2024	11,107
	Charge for the year on owned assets	18,051
	At 31 December 2024	29,158
	Net book value
	At 31 December 2024	43,404
	At 31 December 2023	55,470

Debtors

					2024	2023
					£	£


Trade debtors	11,870	20,843
	11,870	20,843

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other taxation and social security	27,087	18,091
Obligations under finance lease and hire purchase contracts	14,038	14,038
Other creditors	12,814	11,004
Accruals and deferred income	3,750	3,750
	57,689	46,883

Page 5


M J BRIDGES & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Net obligations under finance leases and hire purchase contracts	19,875	33,914
	19,875	33,914

Page 6