1.
Accounting Policies
1.1.
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the group. Monetary amounts in these financial statements are rounded to the nearest £.
1.2.
Basis Of Consolidation
The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 March 2025.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.
Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.
Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.
Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
1.3.
Business Combinations
Business combinations are accounted for by applying the purchase method.
The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.
Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.
On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.
1.4.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the group and parent company's ability to continue as a going concern.
1.5.
Significant judgements and estimations
1.5.
Significant judgements and estimations - continued
Revenue recognition on long-term construction contracts
The directors are required to exercise significant judgement in determining the basis on which revenue from long-term construction contracts is recognised. The Group applies the cost method to measure the stage of completion, whereby revenue is recognised over time by reference to the proportion of contract costs incurred to date relative to the latest estimate of total contract costs. This method is considered by the directors to provide the most reliable and objective measure of the Group's performance under each contract.
The application of the cost method requires judgement in evaluating the completeness and accuracy of cost forecasts, including the identification of costs attributable to each contract and the assessment of costs necessary to fulfil remaining obligations. Determining whether the criteria for recognising revenue over time under FRS 102 Section 23 are satisfied also involves judgement, particularly in assessing whether the Company has an enforceable right to payment for performance completed to date. This assessment is informed by a detailed review of contract terms, commercial correspondence, and established practices with the customer.
Assessment of performance obligations
Judgement is required in determining whether a contract comprises a single performance obligation or multiple distinct obligations. This determination directly affects the pattern and measurement of revenue recognised under the cost method. In forming these judgements, the directors consider the nature and integration of the goods and services promised, the degree to which they are interdependent, and whether any elements are separately identifiable within the context of the contract.
Classification of contract balances
Judgement is also required in assessing whether amounts arising on construction contracts at the reporting date should be presented as amounts recoverable on contracts, trade debtors, or deferred income. This assessment is based on the stage of completion determined under the cost method, the status of valuations and certification, contractual invoicing milestones, and whether the Group has an unconditional right to payment for the amounts recognised as revenue.
Forecast costs to complete on long-term contracts
...CONTINUED
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Estimating total contract costs is inherently uncertain and involves significant judgement by management. Forecasts include direct materials, direct labour and subcontractor costs. These estimates are reviewed regularly and updated based on current information, including subcontractor valuations, site progress, and known risks. A change in estimated costs could materially affect the amount of revenue and profit recognised in the period.
Amounts recoverable on contracts
The recoverability of amounts due on contracts depends on the accuracy of cost forecasts, the ability to agree valuations with clients, and the outcome of any variations or claims. Management assesses recoverability by reviewing contract terms, certification status, historic settlement experience, and the financial standing of customers.
Depreciation of property, plant and equipment
Determination of depreciation charges requires management to estimate the useful economic lives and residual values of assets. These estimates are based on the expected pattern of consumption of economic benefits, historic experience with similar assets, and anticipated technological or commercial obsolescence. Useful lives and residual values are reviewed at each reporting date, and changes may materially affect the carrying value of assets and depreciation charges in future periods.
Operating leases
Management exercises judgement when assessing whether contractual arrangements contain a lease as defined in FRS 102 Section 20 and whether a lease should be classified as an operating or finance lease. This assessment is based on whether substantially all the risks and rewards of ownership transfer to the Group, the lease term relative to the asset’s useful life, the present value of lease payments relative to the asset’s fair value, and the existence of purchase options or residual value guarantees.
Deferred tax
Recognition of deferred tax assets and liabilities requires judgement regarding the extent to which future taxable profits will be sufficient to utilise deductible temporary differences and tax losses. Management assesses forecasts of future profitability, the expected timing of reversals of temporary differences, and the availability of tax planning opportunities. Deferred tax balances are measured using enacted or substantively enacted tax rates at the reporting date. Changes in tax legislation or rates may result in adjustments to deferred tax balances.
Deferred income
Judgement is required in determining the appropriate recognition of deferred income, particularly in assessing when the Group's performance obligations have been satisfied. Deferred income represents amounts invoiced or received in advance of the Group rendering the related goods or services. Management evaluates contractual arrangements to determine whether income should be recognised immediately or deferred, and estimates the period over which income should be recognised. Changes in estimates regarding the timing or extent of obligations may result in adjustments to deferred income and corresponding revenue in future periods.
1.6.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents the amounts chargeable in respect of 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.
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
1.7.
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:
| Freehold |
|
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
Depreciation is charged in full in the year of acquisition and is not charged in the year of disposal.
1.8.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
1.9.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
1.10.
Taxation
1.10.
Taxation - continued
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
1.11.
Pensions
The group operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.12.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period. This includes CITB levy income, supporting the cost of training within the industry.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
1.13.
Deferred Income
Deferred income represents deposits taken in advance, for projects which had not been completed at the year end.
1.14.
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.
1.15.
Construction Contracts
Where the outcome of a construction contract can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred which is probable to be recovered. The contract costs are recognised as an expense in the period in which they are incurred.
The entity uses the percentage completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract cost incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Cost incurred for work performed to date do not include costs relating to future activity, such as materials or prepayments.
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.
Turnover by Principal Activities
Analysis of turnover by principal activities is as follows:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Rental income | 19,520 | 14,508 | |
| Sales | 12,424,704 | 12,527,209 | |
| 12,444,224 | 12,541,717 | ||
3.
Other Operating Income
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Grant income |
|
|
|
| Rental income |
|
|
|
| 62,358 | 52,107 | ||
4.
Operating Profit
The operating profit is stated after charging:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 15,225 | (1,156) | |
| Depreciation of tangible fixed assets |
|
|
|
5.
Auditor's Remuneration
Remuneration received by the group's auditors and their associates during the year was as follows:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
7.
Average Number of Employees
Group
Average number of employees, including directors, during the year was as follows: 66 (2024: 64)
Company
Average number of employees, including directors, during the year was: 2 (2024: 3)
8.
Directors' remuneration
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
|
|
|
||
Information regarding the highest paid director was as follows:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to defined benefit pension schemes |
|
|
|
|
|
|
||
The company qualified as a small entity in the prior year and applied the disclosure exemptions available under FRS 102 Section 1A. As a result, the detailed disclosures relating to directors’ remuneration, including the highest-paid director, were not required and were not presented in the prior year’s financial statements. Accordingly, no comparative information has been disclosed.
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9.
Interest Receivable and Similar Income
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
|
|
|
| Interest on short term deposits |
|
|
|
| 9,915 | 23,197 | ||
10.
Interest Payable
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
| Finance charges payable under finance leases and hire purchase contracts |
|
|
|
| Other finance charges |
|
|
|
|
|
|
||
11.
Tax on Profit
| Tax Rate | 2025 | 2024 as restated |
|||
|---|---|---|---|---|---|
| 2025 | 2024 | £ | £ | ||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Prior period adjustment |
|
( |
|||
| Total Current Tax Charge |
|
|
|||
| Deferred taxation RT |
|
|
|||
| Total tax charge for the period |
|
|
|||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Profit before tax | 666,805 | 1,234,378 | |||
| Breakdown of tax charge is: | |||||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Tax losses utilised |
|
( |
|||
| Capital allowances |
( |
( |
|||
| Short term timing differences |
|
|
|||
| Prior period adjustment |
|
( |
|||
| Total tax charge for the period | 266,696 | 226,403 | |||
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
12.
Prior Period Adjustment
A prior year adjustment has been made to the Group to recognise amounts recoverable on contracts and retentions owing on completed works which Bridge Civil Engineering Limited were entitled to at 31 March 2024.
Amounts recoverable on contracts have been recognised totalling £305,200, deferred income has increased by £285,722 and additional sales revenue has been recognised totalling £19,478.
Retentions owed have been recognised totalling £62,299 due within one year, £153,464 due over one year and additional sales revenue recognised of £215,763.
Therefore, other debtors have increased by £520,963, other creditors have increased by £285,722 and a resulting increase in profit and loss reserves of £235,241 for year ended 31 March 2024.
|
Reconciliation of Changes in Equity
|
1 April 2023
|
31 March 2024
|
||
|
£
|
£
|
|||
|
Adjustments to prior year
|
||||
|
Recognition of amounts recoverable on contracts
|
-
|
305,200
|
||
|
Retentions owed within one year
|
-
|
62,299
|
||
|
Retentions owed over one year
|
-
|
153,464
|
||
|
Increase in deferred income
|
-
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|
(285,722)
|
||
|
Total adjustments
|
-
|
235,241
|
||
|
Equity as previously reported
|
2,312,526
|
2,312,526
|
||
|
Equity as adjusted
|
2,312,526
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
2,547,767
|
||
|
Analysis of the effect upon equity
|
||||
|
Profit and loss reserves
|
-
|
235,241
|
||
13.
Tangible Assets
Group
Company
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 April 2024 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
( |
( |
|
| As at 31 March 2025 |
|
|
|
|
...CONTINUED
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
| Depreciation | ||||
| As at 1 April 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
( |
( |
|
| As at 31 March 2025 |
|
|
|
|
| Net Book Value | ||||
| As at 31 March 2025 |
|
|
|
|
| As at 1 April 2024 |
|
|
|
|
| Computer Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 April 2024 |
|
|
| Additions |
|
|
| Disposals |
( |
( |
| As at 31 March 2025 |
|
|
| Depreciation | ||
| As at 1 April 2024 |
|
|
| Provided during the period |
|
|
| Disposals |
( |
( |
| As at 31 March 2025 |
|
|
| Net Book Value | ||
| As at 31 March 2025 |
|
|
| As at 1 April 2024 |
|
|
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Plant & Machinery |
|
|
|
| Motor Vehicles |
|
|
|
|
|
|
||
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at 1 April 2024 |
|
| Additions |
|
| As at 31 March 2025 |
|
| Depreciation | |
| As at 1 April 2024 |
|
| Provided during the period |
|
| As at 31 March 2025 |
|
| Net Book Value | |
| As at 31 March 2025 |
|
| As at 1 April 2024 |
|
14.
Investments
Company
| Unlisted | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 April 2024 |
|
| As at 31 March 2025 |
|
| Provision | |
| As at 1 April 2024 |
|
| As at 31 March 2025 |
|
| Net Book Value | |
| As at 31 March 2025 |
|
| As at 1 April 2024 |
|
Subsidiaries
Details of the group's subsidiaries as at 31 March 2025 are as follows:
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
Bridge Innovation Centre, Chudleigh, Newton Abbot, United Kingdom, TQ13 0DG |
|
|
- |
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:
| Capital and Reserves | Profit/(loss) | |
|---|---|---|
| £ | £ | |
| Bridge Civil Engineering Limited |
|
|
15.
Debtors
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 as restated |
2025 | 2024 as restated |
||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Amounts recoverable on contracts |
|
|
|
|
|||
| Prepayments and accrued income |
|
|
|
|
|||
| Retentions owed |
|
|
|
|
|||
| Amounts owed by group undertakings | - | - |
|
|
|||
|
|
|
|
|
||||
| Due after more than one year | |||||||
| Retentions |
|
|
|
|
|||
|
|
|
|
|
||||
|
|
|
|
|
||||
16.
Creditors: Amounts Falling Due Within One Year
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 as restated |
2025 | 2024 as restated |
||||
| £ | £ | £ | £ | ||||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|||
| Trade creditors |
|
|
|
|
|||
| Bank loans and overdrafts |
|
|
|
|
|||
| Corporation tax |
|
|
|
|
|||
| Other taxes and social security |
|
|
- | - | |||
| VAT |
|
|
- | - | |||
| Net wages | 24,006 | 24,390 | - | - | |||
| Other creditors |
|
|
|
|
|||
| Accruals and deferred income |
|
|
|
|
|||
| Directors' loan accounts |
|
|
- |
|
|||
|
|
|
|
|
||||
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
17.
Creditors: Amounts Falling Due After More Than One Year
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 as restated |
2025 | 2024 as restated |
||||
| £ | £ | £ | £ | ||||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|||
| Bank loans |
|
|
|
|
|||
|
|
|
|
|
||||
18.
Loans
An analysis of the maturity of loans is given below:
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 as restated |
2025 | 2024 as restated |
||||
| £ | £ | £ | £ | ||||
| Amounts falling due within one year or on demand: | |||||||
| Bank loans |
|
|
|
|
|||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 as restated |
2025 | 2024 as restated |
||||
| £ | £ | £ | £ | ||||
| Amounts falling due between one and five years: | |||||||
| Bank loans |
|
|
|
|
|||
|
|
|
|
|
||||
19.
Obligations Under Finance Leases and Hire Purchase
| Group | ||||
|---|---|---|---|---|
| 2025 | 2024 as restated |
|||
| £ | £ | |||
| The maturity of these amounts is as follows: | ||||
| Within one year |
|
|
||
| Between one and five years |
|
|
||
|
|
|
|||
|
|
|
|||
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
20.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Deferred Tax |
|
|
|
21.
Provisions for Liabilities
| Deferred Tax | ||
|---|---|---|
| £ | ||
| As at 1 April 2024 |
|
|
| Increase/(Decrease) in the year |
|
|
| Balance at 31 March 2025 |
|
|
23.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
24.
Pension Commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £160,421 (2024: £173,404).
At the balance sheet date contributions of £20,398 (2024: £18,308) were due to the fund and are included in creditors.
Bridge Engineering Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
25.
Dividends
| 2025 | 2024 as restated |
||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
|
|
|
| 344,375 | 340,500 | ||
26.
Controlling Parties
The company has no controlling party
27.
General Information
Bridge Engineering Group Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
09871729
. The registered office is Bridge Innovation Centre, Chudleigh, Newton Abbot, TQ13 0DG.