Brookbridge Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07793307 (England and Wales)

BROOKBRIDGE LIMITED

Unaudited Financial Statements

for the Period 1 October 2021 to 31 March 2022

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

Fixed assets

Tangible assets

5

2,110

4,254

Current assets

Debtors

6

46,702

61,393

Cash at bank

11,262

15,004

57,964

76,397

Creditors

Amounts falling due within one year

7

74,824

77,822

Net current liabilities

(16,860

)

(1,425

)

Total assets less current liabilities

(14,750

)

2,829

Provisions for liabilities

407

808

Net (liabilities)/assets

(15,157

)

2,021

Capital and reserves

Called up share capital

1

1

Retained earnings

(15,158

)

2,020

Shareholders' funds

(15,157

)

2,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2023 and were signed on its behalf by:

P Inston - Director

1.	Statutory information

Brookbridge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07793307

Registered office:

5-6 Greenfield Crescent

Edgbaston

Birmingham

West Midlands

B15 3BE

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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

Tangible fixed assets are initially recognised at cost less accumulated depreciation and any accumulated impairment losses.

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

Fixtures and fittings - 25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	Employees and directors

The average number of employees during the period was 2 (2021 - 2 ) .

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 October 2021

and 31 March 2022

8,573

Depreciation

At 1 October 2021

4,319

Charge for period

2,144

At 31 March 2022

6,463

Net book value

At 31 March 2022

2,110

At 30 September 2021

4,254

6.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

12,179

1,646

Other debtors

-

33,759

Directors' current accounts

34,523

25,988

46,702

61,393

7.

Creditors: amounts falling due within one year

2022

2021

£

£

Bank loans and overdrafts

21,030

23,411

Trade creditors

4,510

2,501

Tax

41,835

37,265

VAT

5,849

12,894

Accruals and deferred income

1,600

1,751

74,824

77,822

8.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 31 March 2022 and the year ended 30 September 2021:

2022

2021

£

£

P Inston

Balance outstanding at start of period

25,988

27,399

Amounts advanced

79,134

113,049

Amounts repaid

(70,599

)

(114,460

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

34,523

25,988