G. W. & G. Bridges Limited

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 5

G. W. & G. Bridges Limited

(Registration number: 01850551)
Statement of financial position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,846,935	1,850,848
Current assets
Stocks	5	228,500	164,150
Debtors	6	172,120	99,790
Cash at bank and in hand		673,481	641,044
		1,074,101	904,984
Creditors: Amounts falling due within one year	7	(331,526)	(351,771)
Net current assets		742,575	553,213
Total assets less current liabilities		2,589,510	2,404,061
Provisions for liabilities		(136,889)	(93,658)
Net assets		2,452,621	2,310,403
Capital and reserves
Called up share capital	8	100	100
Retained earnings		2,452,521	2,310,303
Shareholders' funds		2,452,621	2,310,403

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

......................................... Mr G W Bridges Director

G. W. & G. Bridges Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Orchard
Brighton Road
Crawley
West Sussex
RH11 9AB

These financial statements were authorised for issue by the Board on 18 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

G. W. & G. Bridges Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Freehold property	4% straight line
Long leasehold property	4% straight line
Fork-lifts & cranes	25% on reducing balance
Plant and Machinery	at variable rates on reducing balance
Motor vehicles	25% on reducing balance
Computer equipment	33% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2024 - 23).

G. W. & G. Bridges Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Property Improvements £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 April 2024	2,164,549	418,110	2,167,330	47,007
Additions	-	-	105,000	-
Disposals	-	-	(75,000)	-
At 31 March 2025	2,164,549	418,110	2,197,330	47,007
Depreciation
At 1 April 2024	1,095,629	360,564	1,449,557	47,007
Charge for the year	-	-	96,741	-
Eliminated on disposal	-	-	(41,722)	-
At 31 March 2025	1,095,629	360,564	1,504,576	47,007
Carrying amount
At 31 March 2025	1,068,920	57,546	692,754	-
At 31 March 2024	1,068,920	57,546	717,773	-

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	244,515	5,041,511
Additions	24,500	129,500
Disposals	(100,110)	(175,110)
At 31 March 2025	168,905	4,995,901
Depreciation
At 1 April 2024	237,906	3,190,663
Charge for the year	2,433	99,174
Eliminated on disposal	(99,149)	(140,871)
At 31 March 2025	141,190	3,148,966
Carrying amount
At 31 March 2025	27,715	1,846,935
At 31 March 2024	6,609	1,850,848

5

Stocks

	2025 £	2024 £
Other inventories	228,500	164,150

G. W. & G. Bridges Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	95,625	61,058
Prepayments	30,073	26,230
Other debtors	46,422	12,502
	172,120	99,790

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	134,876	264,097
Taxation and social security	90,877	13,298
Accruals and deferred income	7,250	8,500
Other creditors	98,523	65,876
	331,526	351,771

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100