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Registered number: NI675968
Finnbridge Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI675968
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,280 58,663
Investments 5 101 151
39,381 58,814
CURRENT ASSETS
Debtors 6 188,007 130,730
Cash at bank and in hand 9,200 60,190
197,207 190,920
Creditors: Amounts Falling Due Within One Year 7 (91,429 ) (52,468 )
NET CURRENT ASSETS (LIABILITIES) 105,778 138,452
TOTAL ASSETS LESS CURRENT LIABILITIES 145,159 197,266
NET ASSETS 145,159 197,266
CAPITAL AND RESERVES
Called up share capital 250 250
Revaluation reserve 70,354 70,354
Profit and Loss Account 74,555 126,662
SHAREHOLDERS' FUNDS 145,159 197,266
Page 1
Page 2
For the 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.
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Catterson
Director
26/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Finnbridge Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI675968 . The registered office is 139a Kilrea Road, Upperlands , Maghera, BT46 5TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 91,561 2,058 3,297 96,916
As at 31 March 2025 91,561 2,058 3,297 96,916
Depreciation
As at 1 April 2024 36,111 824 1,318 38,253
Provided during the period 18,312 412 659 19,383
As at 31 March 2025 54,423 1,236 1,977 57,636
Net Book Value
As at 31 March 2025 37,138 822 1,320 39,280
As at 1 April 2024 55,450 1,234 1,979 58,663
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 April 2024 151
Disposals (50 )
As at 31 March 2025 101
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 101
As at 1 April 2024 151
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 48,000 124,110
Amounts owed by group undertakings 138,186 6,440
Other debtors 1,821 180
188,007 130,730
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,109 12,384
Amounts owed to group undertakings 36,312 -
Other creditors 44,654 29,069
Taxation and social security 6,354 11,015
91,429 52,468
Page 4