Bridge Security Limited Filleted accounts for Companies House (small and micro)
Bridge Security Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04188368
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FINANCIAL STATEMENTS |
YEAR ENDED 31 JULY 2020
CONTENTS |
PAGE |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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CURRENT ASSETS
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
– |
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CREDITORS: amounts falling due within one year |
7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
8 |
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PROVISIONS |
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NET ASSETS |
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STATEMENT OF FINANCIAL POSITION (continued) |
2020 |
2019 |
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Note |
£ |
£ |
CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 July 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
04188368
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 JULY 2020
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Onega House, 112 Main Road, Sidcup, Kent, DA14 6NE, United Kingdom.
2.
ACCOUNTING POLICIES
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
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and over 10 years
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Government grants
Provisions
Financial instruments
Defined contribution plans
3.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
43
(2019:
49
).
4.
TAX ON PROFIT
Major components of tax expense
2020 |
2019 |
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£ |
£ |
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Deferred tax:
Origination and reversal of timing differences |
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Tax on profit |
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5.
TANGIBLE ASSETS
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2019 |
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Additions |
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– |
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– |
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Disposals |
– |
– |
(
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– |
(
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At 31 July 2020 |
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Depreciation |
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At 1 August 2019 |
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Charge for the year |
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– |
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– |
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Disposals |
– |
– |
(
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– |
(
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At 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
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– |
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– |
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At 31 July 2019 |
– |
– |
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– |
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Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles |
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£ |
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At 31 July 2020 |
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At 31 July 2019 |
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6.
DEBTORS
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7.
CREDITORS:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
– |
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Social security and other taxes |
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Other creditors |
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8.
CREDITORS:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Other creditors |
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9.
FINANCE LEASES AND HIRE PURCHASE CONTRACTS
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2020 |
2019 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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10.
DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2020 |
2019 |
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£ |
£ |
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Included in provisions |
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11.
GOVERNMENT GRANTS
The amounts recognised in the financial statements for government grants are as follows:
2020 |
2019 |
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£ |
£ |
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Recognised in other operating income:
Government grants recognised directly in income |
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– |
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12.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors did not enter into any advances, credits or guarantees with the company.
13.
CONTROLLING PARTY
The company is a 100% owned subsidiary of The Bridge Group Bromley Limited.