Bridgestones Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04159159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BRIDGESTONES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Cooksey

J G Lord

Mrs J Cooksey

Mrs V L Galbraith

SECRETARY:

Mrs J Cooksey

REGISTERED OFFICE:

125/127 Union Street

Oldham

Lancashire

OL1 1TE

REGISTERED NUMBER:

04159159 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

502,212

529,289

502,212

529,289

CURRENT ASSETS

Debtors

6

1,496,454

1,483,581

Investments

7

15

15

Cash at bank and in hand

20,109

2,558

1,516,578

1,486,154

CREDITORS

Amounts falling due within one year

8

623,748

683,078

NET CURRENT ASSETS

892,830

803,076

TOTAL ASSETS LESS CURRENT LIABILITIES

1,395,042

1,332,365

CREDITORS

Amounts falling due after more than one year

9

397,380

313,286

NET ASSETS

997,662

1,019,079

CAPITAL AND RESERVES

Called up share capital

270

270

Share premium

35,990

35,990

Revaluation reserve

11

41,479

41,479

Retained earnings

919,923

941,340

SHAREHOLDERS' FUNDS

997,662

1,019,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 30 December 2019 and were signed on its behalf by:

R L Cooksey - Director

1.	STATUTORY INFORMATION

Bridgestones 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.

Related party exemption

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost and 15% on reducing balance

Having adopted accounting standard FRS 102 section 1A the directors have opted not to continue

with the policy to revalue the land and buildings. The land and buildings will be included using the

valuation at 1 April 2016 as the deemed cost value and one which the directors believe to be its' fair

value.

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

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.

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 31 (2018 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2018

and 31 March 2019

3,347

AMORTISATION

At 1 April 2018

and 31 March 2019

3,347

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

434,137

198,858

632,995

Additions

-

11,370

11,370

Disposals

-

(34,959

)

(34,959

)

At 31 March 2019

434,137

175,269

609,406

DEPRECIATION

At 1 April 2018

-

103,706

103,706

Charge for year

-

34,162

34,162

Eliminated on disposal

-

(30,674

)

(30,674

)

At 31 March 2019

-

107,194

107,194

NET BOOK VALUE

At 31 March 2019

434,137

68,075

502,212

At 31 March 2018

434,137

95,152

529,289

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

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

64,445

DEPRECIATION

At 1 April 2018

20,096

Charge for year

11,086

At 31 March 2019

31,182

NET BOOK VALUE

At 31 March 2019

33,263

At 31 March 2018

44,349

6.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

72,993

72,325

Other debtors

117,382

99,649

190,375

171,974

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,306,079

1,311,607

Aggregate amounts

1,496,454

1,483,581

7.	CURRENT ASSET INVESTMENTS

2019

2018

£

£

Unlisted investments

15

15

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

251,548

238,488

Hire purchase contracts

13,533

17,383

Trade creditors

48,574

64,201

Taxation and social security

101,833

196,527

Other creditors

208,260

166,479

623,748

683,078

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

182,032

272,548

Hire purchase contracts

27,205

40,738

Other creditors

188,143

-

397,380

313,286

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

162,828

142,859

Bank loans

270,752

368,177

433,580

511,036

11.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

41,479