Bridgestones Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04159159 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2015

FOR

BRIDGESTONES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R L Cooksey

J G Lord

Mrs J Cooksey

Mrs V L Galbraith

SECRETARY:

Mrs J Cooksey

REGISTERED OFFICE:

125/127 Union Street

Oldham

Lancashire

OL1 1TE

REGISTERED NUMBER:

04159159 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

197

Tangible assets

3

357,115

432,081

Investments

4

-

40,001

357,115

472,279

CURRENT ASSETS

Debtors

5

1,333,763

1,566,560

Cash at bank and in hand

14,045

20,155

1,347,808

1,586,715

CREDITORS

Amounts falling due within one year

6

741,867

949,243

NET CURRENT ASSETS

605,941

637,472

TOTAL ASSETS LESS CURRENT LIABILITIES

963,056

1,109,751

CREDITORS

Amounts falling due after more than one year

6

118,033

236,922

NET ASSETS

845,023

872,829

CAPITAL AND RESERVES

Called up share capital

7

270

270

Share premium

35,990

35,990

Revaluation reserve

41,479

41,479

Profit and loss account

767,284

795,090

SHAREHOLDERS' FUNDS

845,023

872,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 December 2015 and were signed on its behalf by:

R L Cooksey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Bridgestones Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8

Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries

within the group.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

3,347

AMORTISATION

At 1 April 2014

3,150

Amortisation for year

197

At 31 March 2015

3,347

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

197

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2014

659,944

Additions

1,911

Disposals

(125,485

)

At 31 March 2015

536,370

DEPRECIATION

At 1 April 2014

227,863

Charge for year

26,917

Eliminated on disposal

(75,525

)

At 31 March 2015

179,255

NET BOOK VALUE

At 31 March 2015

357,115

At 31 March 2014

432,081

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

40,001

Disposals

(40,001

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

40,001

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Lead Source Limited

Nature of business: The provision of financial solutions

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

£

Aggregate capital and reserves

(1,317,694

)

(1,437,958

)

Profit/(loss) for the year

120,265

(167,062

)

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,143,344 (2014 - £ 1,246,604

)

6.

CREDITORS

Creditors include an amount of £ 246,143 (2014 - £ 355,278 ) for which security has been given.

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50,000

Preference Shares

£1

50,000

50,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

110

110

160

Ordinary B

£1

160

160

270

270