BRIDGE_&_CO_PRIVATE_FINAN - Accounts


Company Registration No. 07942539 (England and Wales)
BRIDGE & CO PRIVATE FINANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
PAGES FOR FILING WITH REGISTRAR
BRIDGE & CO PRIVATE FINANCE LTD
COMPANY INFORMATION
Directors
Ms Lyn Dodds
Mrs Caroline Cabourn
Company number
07942539
Registered office
Greys Building
53 Grey Street
Newcastle upon Tyne
NE1 6EE
Accountants
Baldwins (Seaton Burn) Ltd
32 Brenkley Way
Blezard Business Park
Seaton Burn
Newcastle upon Tyne
NE13 6DS
BRIDGE & CO PRIVATE FINANCE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BRIDGE & CO PRIVATE FINANCE LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2017
28 February 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,043
4,477
Current assets
Debtors
4
385,882
6,056
Cash at bank and in hand
84,987
90,883
470,869
96,939
Creditors: amounts falling due within one year
5
(115,784)
(37,294)
Net current assets
355,085
59,645
Total assets less current liabilities
359,128
64,122
Provisions for liabilities
(895)
(895)
Net assets
358,233
63,227
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
358,133
63,127
Total equity
358,233
63,227

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

BRIDGE & CO PRIVATE FINANCE LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2017
28 February 2017
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 September 2017 and are signed on its behalf by:
Ms Lyn Dodds
Mrs Caroline Cabourn
Director
Director
Company Registration No. 07942539
BRIDGE & CO PRIVATE FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 3 -
1
Accounting policies
Company information

BRIDGE & CO PRIVATE FINANCE LTD is a private company limited by shares incorporated in England and Wales. The registered office is Greys Building, 53 Grey Street, Newcastle upon Tyne, NE1 6EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover
Turnover represents commissions received and for recongnised at the fair value of the consideration received for services provided in the normal course of business.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20%
Fixtures and fittings
20%
Computers
20%
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposed. The deferred tax balance has not been discounted.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2015 - 4).

BRIDGE & CO PRIVATE FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2016
6,713
Additions
579
At 28 February 2017
7,292
Depreciation and impairment
At 1 March 2016
2,236
Depreciation charged in the year
1,013
At 28 February 2017
3,249
Carrying amount
At 28 February 2017
4,043
At 29 February 2016
4,477
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
149,103
973
Other debtors
236,779
5,083
385,882
6,056
5
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
9,673
-
Corporation tax
103,277
34,985
Other taxation and social security
542
577
Other creditors
2,292
1,732
115,784
37,294
BRIDGE & CO PRIVATE FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 5 -
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
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