REGISTERED NUMBER: 03008057 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Bridges Trading Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Matthews

R H W Matthews

Mrs A Torjussen

T M Torjussen

SECRETARY:

Mrs A Torjussen

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

03008057 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Intangible assets

4

179,167

189,167

Tangible assets

5

88,436

30,661

267,603

219,828

CURRENT ASSETS

Stocks

249,592

254,432

Debtors

6

152,438

185,764

Cash at bank and in hand

662,663

774,870

1,064,693

1,215,066

CREDITORS

Amounts falling due within one year

7

851,078

937,402

NET CURRENT ASSETS

213,615

277,664

TOTAL ASSETS LESS CURRENT LIABILITIES

481,218

497,492

CREDITORS

Amounts falling due after more than one year

8

60,867

49,438

NET ASSETS

420,351

448,054

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Fair Value Reserve

250,000

250,000

Retained earnings

168,351

196,054

SHAREHOLDERS' FUNDS

420,351

448,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 28 November 2025 and were signed on its behalf by:

D G Matthews - Director

1.	STATUTORY INFORMATION

Bridges Trading Company 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 represents net invoiced sales of goods, excluding value added tax.

Income is recognised when goods are dispatched.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on reducing balance

P & M and computers

-

20% on reducing balance

Internet development

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment, fixtures & fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current tax, 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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date since the amount is not considered material

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

250,000

AMORTISATION

At 1 April 2024

60,833

Amortisation for year

10,000

At 31 March 2025

70,833

NET BOOK VALUE

At 31 March 2025

179,167

At 31 March 2024

189,167

5.	TANGIBLE FIXED ASSETS

Improvements

to

P & M and

Internet

property

computers

development

£

£

£

COST

At 1 April 2024

26,636

41,006

38,686

Additions

-

322

-

Disposals

-

-

-

At 31 March 2025

26,636

41,328

38,686

DEPRECIATION

At 1 April 2024

18,443

29,911

31,167

Charge for year

1,638

2,283

1,504

At 31 March 2025

20,081

32,194

32,671

NET BOOK VALUE

At 31 March 2025

6,555

9,134

6,015

At 31 March 2024

8,193

11,095

7,519

Office

equipment,

Motor

fixtures

vehicles

& fittings

Totals

£

£

£

COST

At 1 April 2024

-

14,696

121,024

Additions

174,614

474

175,410

Disposals

(95,527

)

-

(95,527

)

At 31 March 2025

79,087

15,170

200,907

DEPRECIATION

At 1 April 2024

-

10,842

90,363

Charge for year

15,817

866

22,108

At 31 March 2025

15,817

11,708

112,471

NET BOOK VALUE

At 31 March 2025

63,270

3,462

88,436

At 31 March 2024

-

3,854

30,661

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

79,087

At 31 March 2025

79,087

DEPRECIATION

Charge for year

15,817

At 31 March 2025

15,817

NET BOOK VALUE

At 31 March 2025

63,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

119,491

139,480

Other debtors

32,947

46,284

152,438

185,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

38,430

67,300

Hire purchase contracts

10,365

-

Trade creditors

658,056

701,993

Taxation and social security

120,211

142,458

Other creditors

24,016

25,651

851,078

937,402

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,237

49,438

Hire purchase contracts

58,630

-

60,867

49,438

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D Matthews

Balance outstanding at start of year

11,464

37,348

Amounts advanced

60,536

64,116

Amounts repaid

(72,000

)

(90,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

11,464

T M Torjussen

Balance outstanding at start of year

3,670

(1,898

)

Amounts advanced

14,330

38,568

Amounts repaid

(18,000

)

(33,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,670

10.	RELATED PARTY DISCLOSURES

During the year, the company occupied, rent free, a property at Elms Rd, Aldershot, Hants which is owned by a company owned and controlled by the directors, Elstream Developments Limited.