Bridge Consulting London Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 11609987 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Period 8 October 2018 to 31 December 2019

for

Bridge Consulting London Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

W J R Harris

J Nichols

SECRETARY:

REGISTERED OFFICE:

341 Garratt Lane

Wandsworth

London

SW18 4DX

REGISTERED NUMBER:

11609987 (England and Wales)

ACCOUNTANTS:

MSS Accountancy Services Ltd

103 Victoria Drive

Wimbledon

London

SW19 6PT

The directors present their report with the financial statements of the company for the period 8 October 2018 to 31 December 2019.

INCORPORATION

The company was incorporated on 8 October 2018 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of a global marketing and advertising

consultancy firm.

DIRECTORS

The directors who have held office during the period from 8 October 2018 to the date of this report are as follows:

W J R Harris - appointed 8 October 2018

J Nichols - appointed 8 October 2018

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

W J R Harris - Director

23 June 2020

TURNOVER

1,530,122

Administrative expenses

808,976

OPERATING PROFIT

4

721,146

Interest payable and similar expenses

251

PROFIT BEFORE TAXATION

720,895

Tax on profit

135,376

PROFIT FOR THE FINANCIAL PERIOD

585,519

FIXED ASSETS

Tangible assets

6

8,389

CURRENT ASSETS

Debtors

7

472,439

Cash at bank

79,640

552,079

CREDITORS

Amounts falling due within one year

8

224,623

NET CURRENT ASSETS

327,456

TOTAL ASSETS LESS CURRENT LIABILITIES

335,845

CAPITAL AND RESERVES

Called up share capital

9

106

Retained earnings

335,739

SHAREHOLDERS' FUNDS

335,845

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2020 and were signed on its behalf by:

W J R Harris - Director

1.	STATUTORY INFORMATION

Bridge Consulting London Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the period 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 period 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

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 period was 6 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

4,132

5.

DIVIDENDS

£

Ordinary shares of £1.00 each

Final

249,780

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

12,521

At 31 December 2019

12,521

DEPRECIATION

Charge for period

4,132

At 31 December 2019

4,132

NET BOOK VALUE

At 31 December 2019

8,389

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

282,497

Other debtors

189,942

472,439

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,500

Taxation and social security

202,866

Other creditors

20,257

224,623

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1.00

106

11

B Ordinary

£0.50

-

106