Abbreviated Company Accounts - BRIDGE THERMOPLASTICS LIMITED

BRIDGE THERMOPLASTICS LIMITED - Company Information

02086404 BRIDGE THERMOPLASTICS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 02086404 2013-01-01 2013-12-31 02086404 2013-12-31 02086404 2012-12-31 02086404 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 02086404 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 02086404

BRIDGE THERMOPLASTICS LIMITED

Abbreviated Accounts

31 December 2013

BRIDGE THERMOPLASTICS LIMITED Registered Number 02086404

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	130,795	171,805
		130,795	171,805
Current assets
Stocks		24,673	47,234
Debtors		180,168	324,170
Cash at bank and in hand		398,497	176,973
		603,338	548,377
Creditors: amounts falling due within one year		(191,281)	(199,449)
Net current assets (liabilities)		412,057	348,928
Total assets less current liabilities		542,852	520,733
Creditors: amounts falling due after more than one year		-	(488)
Provisions for liabilities		(22,461)	(25,798)
Accruals and deferred income		-	(144)
Total net assets (liabilities)		520,391	494,303
Capital and reserves
Called up share capital	3	14,205	14,205
Profit and loss account		506,186	480,098
Shareholders' funds		520,391	494,303

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 September 2014

And signed on their behalf by:
M. Spray, Director

BRIDGE THERMOPLASTICS LIMITED Registered Number 02086404

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 10% reducing balance
Fixtures, fittings and equipment - 10% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
LEASING AND HIRE PURCHASE COMMITMENTS
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

STOCK
Stock is valued at the lower of cost and net realisable value.

PENSIONS
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

GOVERNMENT GRANTS
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

TRANSACTIONS WITH DIRECTOR
During the year, the company paid rent at market value, totalling £28,000 (2012 £42,000) to Mr M. Spray & Mrs S. Spray, who are directors of the company. During the year, the company paid dividends totalling £37,024 (2012 £55, 536) to the directors, M. Spray, S. Spray & R. Taylor.

2Tangible fixed assets

	£
Cost
At 1 January 2013	520,321
Additions	12,141
Disposals	(118,541)
Revaluations	-
Transfers	-
At 31 December 2013	413,921
Depreciation
At 1 January 2013	348,516
Charge for the year	17,871
On disposals	(83,261)
At 31 December 2013	283,126
Net book values
At 31 December 2013	130,795
At 31 December 2012	171,805

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
14,205 Ordinary shares of £1 each	14,205	14,205