Bristol Bridge Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08339343 (England and Wales)

Financial Statements for the Year Ended 30 April 2021

for

Bristol Bridge Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Bradford

N A G Ringner

M Thwaites

REGISTERED OFFICE:

25 St Matthews Road

Bristol

BS6 5TT

REGISTERED NUMBER:

08339343 (England and Wales)

SENIOR STATUTORY AUDITOR:

Nicholas Farrant, BA MSc FCA

AUDITORS:

PKF Francis Clark

Statutory Auditor

Blackbrook Gate 1

Blackbrook Business Park

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

5,133

6,417

Tangible assets

5

91,899

106,960

97,032

113,377

CURRENT ASSETS

Stocks

6

12,904

11,610

Debtors

7

207,186

80,550

Cash at bank

86,083

117,310

306,173

209,470

CREDITORS

Amounts falling due within one year

8

189,730

98,772

NET CURRENT ASSETS

116,443

110,698

TOTAL ASSETS LESS CURRENT LIABILITIES

213,475

224,075

PROVISIONS FOR LIABILITIES

9

17,762

20,720

NET ASSETS

195,713

203,355

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

10

195,712

203,354

195,713

203,355

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 and authorised for issue on 29 April 2022 and were signed on its behalf by:

M Bradford - Director

1.	STATUTORY INFORMATION

Bristol Bridge Company 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on provision of goods and services to customers.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less and subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful lives as follows:

Software - 20% reducing balance

Tangible fixed assets

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

Plant and machinery

-

5%/20%

Fixtures and fittings

-

20% on reducing balance

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Government grants

Government revenue grants are accounted for under the accruals method. These are credited to the profit and loss account when the company is entitled to the income.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Going concern

In preparing and approving these financial statements the directors have given due consideration to going concern risks, and in particular the impact of the Coronavirus pandemic upon the company.

The pandemic has led to the closure of the restaurant during the period, though a takeaway service remained in operation and with the reopening taking place at the balance sheet date.

Whilst recognising that there can be no certainty, the directors are satisfied that the going concern

basis of preparation remains appropriate. In reaching this conclusion on the use of the going concern basis, the Board has considered the following:

- The Board have considered and implemented alternative methods of trading in the form of a takeaway service and continue to offer these in addition to their normal offerings to ensure continuation of income should they be required to close again as a result of government guidance.

- The management accounts post year and to date, show strong levels of profitability in the company.

Whilst recognising both the positivity arising from the roll-out of the vaccination programme and

ongoing uncertainty (as described below) the directors are confident, based upon the current situation that the future of the company remains bright, and that further cash flow funding is not, at this time, anticipated to be required.

Financial instruments

Classification

The company holds the following financial instruments:

- Short term trade and other debtors and creditors;

- Short term intercompany debtors and creditors; and

- Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Key accounting judgments and sources of estimation uncertainty

In the application of the group's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key judgement which has a significant effect on the financial statements of the group is in respect of going concern, as described in the accounting policy above.

The key estimate that has a significant effect on the financial statements is in respect of intercompany debtors. The carrying amount is £181,926 (2020 - £64,813).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2020 - 54 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 May 2020

and 30 April 2021

8,522

AMORTISATION

At 1 May 2020

2,105

Amortisation for year

1,284

At 30 April 2021

3,389

NET BOOK VALUE

At 30 April 2021

5,133

At 30 April 2020

6,417

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 May 2020

15,924

119,542

135,466

Additions

-

5,470

5,470

At 30 April 2021

15,924

125,012

140,936

DEPRECIATION

At 1 May 2020

2,171

26,335

28,506

Charge for year

796

19,735

20,531

At 30 April 2021

2,967

46,070

49,037

NET BOOK VALUE

At 30 April 2021

12,957

78,942

91,899

At 30 April 2020

13,753

93,207

106,960

6.

STOCKS

30.4.21

30.4.20

£

£

Consumables

12,904

11,610

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Other debtors

523

754

Amounts owed by group undertakings

181,926

64,813

Prepayments

24,737

14,983

207,186

80,550

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

55,995

5,336

Amounts owed to group undertakings

27,146

5,682

Corporation tax

18,359

23,048

Social security and other taxes

31,213

53,283

Other creditors

26,197

3,403

Accruals and deferred income

30,820

8,020

189,730

98,772

9.	PROVISIONS FOR LIABILITIES

30.4.21

30.4.20

£

£

Deferred tax

17,762

20,720

Deferred

tax

£

Balance at 1 May 2020

20,720

Utilised during year

(2,958

)

Balance at 30 April 2021

17,762

10.

RESERVES

Retained

earnings

£

At 1 May 2020

203,354

Deficit for the year

(7,642

)

At 30 April 2021

195,712

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicholas Farrant, BA MSc FCA (Senior Statutory Auditor)

for and on behalf of PKF Francis Clark

12.	PENSION COMMITMENTS

The company operate a defined contribution pension scheme for the qualifying directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,163 (2020 - £2,940) were due to the fund. They are included in other creditors.

13.	PARENT COMPANY