Bridge Works Development Limited - Accounts to registrar (filleted) - small 18.1
Bridge Works Development Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| FOR |
| BRIDGE WORKS DEVELOPMENT LIMITED |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BRIDGE WORKS DEVELOPMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Sterling House |
| 27 Hatchlands Road |
| Redhill |
| Surrey |
| RH1 6RW |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| BALANCE SHEET |
| 31 AUGUST 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| BALANCE SHEET - continued |
| 31 AUGUST 2017 |
| 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 signed on its behalf by: |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 1. | STATUTORY INFORMATION |
| Bridge Works Development Limited is a |
| 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 |
| Turnover |
| Turnover represents amounts receivable in respect of rentals and cost recoveries, excluding |
| Value Added Tax. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its |
| estimated useful life. |
| Freehold buildings - 5% on cost. |
| Fixture & fittings - 25% reducing balance. |
| Tangible fixed assets are stated at costs or valuation, net of depreciation and any provision |
| for impairment. |
| 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. |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment |
| Freehold | and |
| property | furniture | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 September 2016 |
| and 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| Included in cost or valuation of land and buildings is freehold land of £ 1,221,883 (2016 - £ |
| 1,221,883 ) which is not depreciated. |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 August 2017 is represented by: |
| Office |
| equipment |
| Freehold | and |
| property | furniture | Totals |
| £ | £ | £ |
| Valuation in 2006 | 304,264 | - | 304,264 |
| Valuation in 2009 | (186,667 | ) | - | (186,667 | ) |
| Valuation in 2012 | 298,500 | - | 298,500 |
| Cost | 1,295,736 | 10,729 | 1,306,465 |
| 1,711,833 | 10,729 | 1,722,562 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 203,467 | 327,853 |
| BRIDGE WORKS DEVELOPMENT LIMITED (REGISTERED NUMBER: 04266432) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 September 2016 |
| and 31 August 2017 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £30,000 (2016 - £30,000) were paid to the directors . |
| The company is a related party to Dyson Printers Limited, a company in which Mr NH Dyson, |
| a director, has an interest. Rental income in the year received from Dyson Printers Limited |
| was £13,718 |