REGISTERED NUMBER: 12309181 (England and Wales)

BRIDGEBANK PLANT LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T P Ryan

K Adams

K J Mason

REGISTERED OFFICE:

Unit 3, Sherwood Oaks Close

Sherwood Oaks Business Park

Mansfield

Nottinghamshire

NG18 4TB

REGISTERED NUMBER:

12309181 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

8,599,029

7,895,460

CURRENT ASSETS

Debtors

5

789,198

637,052

Cash at bank and in hand

172,600

521,263

961,798

1,158,315

CREDITORS

Amounts falling due within one year

6

3,691,160

3,516,470

NET CURRENT LIABILITIES

(2,729,362

)

(2,358,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,869,667

5,537,305

CREDITORS

Amounts falling due after more than one year

7

(3,382,028

)

(3,390,976

)

PROVISIONS FOR LIABILITIES

(869,081

)

(737,500

)

NET ASSETS

1,618,558

1,408,829

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,618,458

1,408,729

1,618,558

1,408,829

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

K J Mason - Director

1.	STATUTORY INFORMATION

Bridgebank Plant 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost, 25% on cost and 20% on cost

Tangible assets are initially recorded at cost, and subsequent stated at cost less any accumulated depreciation and impairment losses.

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:

Plant and machinery etc - 50% on cost, 25% on cost and 20% on costs

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 18 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

10,922,995

Additions

3,073,763

Disposals

(918,295

)

At 31 January 2025

13,078,463

DEPRECIATION

At 1 February 2024

3,027,535

Charge for year

2,000,548

Eliminated on disposal

(548,649

)

At 31 January 2025

4,479,434

NET BOOK VALUE

At 31 January 2025

8,599,029

At 31 January 2024

7,895,460

Fixed assets with a net book value of £7.70m (2024: £6.43m) are held under hire purchase agreements. Depreciation charged in respect of those assets was £1.70m (2024 £1.15m).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

715,354

533,024

Amounts owed by group undertakings

100

100

Other debtors

73,744

103,928

789,198

637,052

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

2,431,529

2,068,167

Trade creditors

722,262

430,053

Amounts owed to group undertakings

454,329

966,838

Taxation and social security

18,356

17,228

Other creditors

64,684

34,184

3,691,160

3,516,470

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

3,382,028

3,390,976

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

2,431,529

2,068,167

Between one and five years

3,382,028

3,390,976

5,813,557

5,459,143

Non-cancellable

operating leases

2025

2024

£

£

Within one year

219,833

55,887

Between one and five years

519,147

46,573

738,980

102,460

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

6,561,798

6,131,806

The hire purchase loan is secured by a fixed charge and floating charge over all assets and property or undertaking of the company.

The hire purchase creditor is secured by of fixed and floating charges over the assets of the Company.

The amount of hire purchase debt is subject to loan discounting arrangements at 31 January 2025 was £6,561,798 (2024: £6,131,806).

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Bridgebank Group Limited, a company incorporated in England and Wales, whose ultimate controlling party is Mr T P Ryan by virtue of 100% share ownership. The registered office is Unit 3 Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, Nottinghamshire, NG18 4TB.

The consolidated accounts of Bridgebank Group Limited, in which the Company is included, are available to the public and may be obtained from Companies House.