Bridge Engineering Limited - Period Ending 2015-12-31

Registration number: 01785811

Bridge Engineering Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Bridge Engineering Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Bridge Engineering Limited
(Registration number: 01785811)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,099			290
Current assets
Debtors					62,192			44,793
Cash at bank and in hand					2			76
					62,194			44,869
Creditors: Amounts falling due within one year					(30,592)			(11,398)
Net current assets					31,602			33,471
Total assets less current liabilities					32,701			33,761
Provisions for liabilities					(219)			(58)
Net assets					32,482			33,703
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					32,382			33,603
Shareholders' funds					32,482			33,703

For the year ending 31 December 2015 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 director acknowledges his 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 director on 24 August 2016

.........................................
C T Harlock
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bridge Engineering Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% per annum on written down value
Office Equipment	15% per annum on written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		33,392			33,392
Additions		1,000			1,000
At 31 December 2015		34,392			34,392
Depreciation
At 1 January 2015		33,102			33,102
Charge for the year		191			191
At 31 December 2015		33,293			33,293
Net book value
At 31 December 2015		1,099			1,099

Page 2

Bridge Engineering Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

At 31 December 2014

290

290

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		6,933			-

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

5	Related party transactions

Director's advances

The amounts owed by Bridge Engineering to the Limited company of £36,716 were transferred to the director when the partnership ceased.
During the year advances were made to the director totalling £18,062. The director made repayments of £9,822. All advances are unsecured and repayable on demand.
Dividends totalling £8,000 were paid during the year. At the balance sheet date the amount due from/(to) Mr CT Harlock was £36,956 (2014 - £Nil).

6

Control

The company is controlled by CT Harlock and M Harlock by virtue of their shareholdings.

Page 3