Bridgestones Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04159159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BRIDGESTONES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

-

-

Tangible assets

5

502,274

312,672

502,274

312,672

CURRENT ASSETS

Debtors

6

1,522,157

1,420,055

Investments

7

15

-

Cash at bank and in hand

12,252

2,458

1,534,424

1,422,513

CREDITORS

Amounts falling due within one year

8

673,050

637,277

NET CURRENT ASSETS

861,374

785,236

TOTAL ASSETS LESS CURRENT LIABILITIES

1,363,648

1,097,908

CREDITORS

Amounts falling due after more than one year

9

303,488

54,797

NET ASSETS

1,060,160

1,043,111

CAPITAL AND RESERVES

Called up share capital

270

270

Share premium

35,990

35,990

Revaluation reserve

11

41,479

41,479

Retained earnings

982,421

965,372

SHAREHOLDERS' FUNDS

1,060,160

1,043,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 December 2017 and were signed on its behalf by:

R L Cooksey - Director

1.	STATUTORY INFORMATION

Bridgestones Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost and 15% on reducing balance

Having adopted accounting standard FRS 102 section 1A the directors have opted not to continue

with the policy to revalue the land and buildings. The land and buildings will be included using the

valuation at 1 April 2016 as the deemed cost value and one which the directors believe to be its' fair

value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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 year 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.

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 profit or loss over the relevant period. The

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2016 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

3,347

AMORTISATION

At 1 April 2016

and 31 March 2017

3,347

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

273,377

186,032

459,409

Additions

157,430

55,442

212,872

Disposals

-

(53,269

)

(53,269

)

At 31 March 2017

430,807

188,205

619,012

DEPRECIATION

At 1 April 2016

-

146,737

146,737

Charge for year

-

13,211

13,211

Eliminated on disposal

-

(43,210

)

(43,210

)

At 31 March 2017

-

116,738

116,738

NET BOOK VALUE

At 31 March 2017

430,807

71,467

502,274

At 31 March 2016

273,377

39,295

312,672

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

62,402

Additions

21,245

Disposals

(20,402

)

At 31 March 2017

63,245

DEPRECIATION

At 1 April 2016

42,658

Charge for year

8,634

Eliminated on disposal

(13,947

)

At 31 March 2017

37,345

NET BOOK VALUE

At 31 March 2017

25,900

At 31 March 2016

19,744

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

63,810

69,905

Other debtors

113,053

95,739

176,863

165,644

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,345,294

1,254,411

Aggregate amounts

1,522,157

1,420,055

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Unlisted investments

15

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

178,516

162,696

Hire purchase contracts

29,548

8,057

Trade creditors

75,279

48,558

Taxation and social security

215,078

235,649

Other creditors

174,629

182,317

673,050

637,277

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

280,157

29,450

Hire purchase contracts

23,331

25,347

303,488

54,797

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

132,119

139,570

Bank loans

326,554

52,576

458,673

192,146

11.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

41,479

12.	RELATED PARTY DISCLOSURES

Mr R L Cooksey and Mrs J Cooksey have provided personal guarantees on behalf of the company of

£375,000.