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 Year Ended 31 December 2020

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

6

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

341 Garratt Lane

Wandsworth

London

SW18 4DX

The directors present their report with the financial statements of the company for the year ended 31 December 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a global marketing and advertising consultancy firm.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2020 to the date of this report.

W J R Harris

J Nichols

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

24 September 2021

TURNOVER

1,423,972

1,530,122

Administrative expenses

866,810

808,976

OPERATING PROFIT

4

557,162

721,146

Interest receivable and similar income

152

-

557,314

721,146

Interest payable and similar expenses

4,780

251

PROFIT BEFORE TAXATION

552,534

720,895

Tax on profit

80,706

135,376

PROFIT FOR THE FINANCIAL YEAR

471,828

585,519

FIXED ASSETS

Tangible assets

6

184,155

8,389

CURRENT ASSETS

Debtors

7

621,914

472,439

Cash at bank

142,717

79,640

764,631

552,079

CREDITORS

Amounts falling due within one year

8

417,643

224,631

NET CURRENT ASSETS

346,988

327,448

TOTAL ASSETS LESS CURRENT LIABILITIES

531,143

335,837

CREDITORS

Amounts falling due after more than one year

9

155,476

-

NET ASSETS

375,667

335,837

CAPITAL AND RESERVES

Called up share capital

10

100

98

Retained earnings

375,567

335,739

SHAREHOLDERS' FUNDS

375,667

335,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 24 September 2021 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.

Motor vehicles

-

33% on cost

Computer equipment

-

33% on reducing balance

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

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 6 (2019 - 6 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

8.10.18

Year Ended

to

31.12.20

31.12.19

£

£

Depreciation - owned assets

21,824

4,132

5.

DIVIDENDS

Period

8.10.18

Year Ended

to

31.12.20

31.12.19

£

£

Ordinary shares of £0.01 each

Final

432,000

249,780

6.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2020

-

12,521

12,521

Additions

187,090

10,500

197,590

At 31 December 2020

187,090

23,021

210,111

DEPRECIATION

At 1 January 2020

-

4,132

4,132

Charge for year

15,591

6,233

21,824

At 31 December 2020

15,591

10,365

25,956

NET BOOK VALUE

At 31 December 2020

171,499

12,656

184,155

At 31 December 2019

-

8,389

8,389

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

524,802

282,497

Other debtors

97,112

189,942

621,914

472,439

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

1,590

1,500

Taxation and social security

269,214

202,866

Other creditors

146,839

20,265

417,643

224,631

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

155,476

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

8,700

Ordinary

£0.01

87

87

1,300

B Ordinary

£0.01

13

11

100

98