Atlantic Bridge Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03102076 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Atlantic Bridge Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P H Wicks

SECRETARY:

Mrs D J Wicks

REGISTERED OFFICE:

Atlantic House

19 Willowside

Woodley

Reading

Berkshire

RG5 4HJ

REGISTERED NUMBER:

03102076 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

The Business Centre

Greys Green Farm

Rotherfield Greys

Henley-on-Thames

Oxfordshire

RG9 4QG

FIXED ASSETS

Intangible assets

4

47,700

53,000

Tangible assets

5

7,557

15,053

55,257

68,053

CURRENT ASSETS

Debtors

6

11,747

13,675

Cash at bank

89,142

63,714

100,889

77,389

CREDITORS

Amounts falling due within one year

7

18,334

22,235

NET CURRENT ASSETS

82,555

55,154

TOTAL ASSETS LESS CURRENT LIABILITIES

137,812

123,207

CAPITAL AND RESERVES

Called up share capital

282

282

Retained earnings

137,530

122,925

SHAREHOLDERS' FUNDS

137,812

123,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 August 2018 and were signed by:

Mr P H Wicks - Director

1.	STATUTORY INFORMATION

Atlantic Bridge 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

79,500

AMORTISATION

At 1 May 2017

26,500

Charge for year

5,300

At 30 April 2018

31,800

NET BOOK VALUE

At 30 April 2018

47,700

At 30 April 2017

53,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

and 30 April 2018

37,555

DEPRECIATION

At 1 May 2017

22,502

Charge for year

7,496

At 30 April 2018

29,998

NET BOOK VALUE

At 30 April 2018

7,557

At 30 April 2017

15,053

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

11,747

13,675

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,496

2,538

Taxation and social security

11,335

10,755

Other creditors

4,503

8,942

18,334

22,235

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2017 - £10,000) were paid to the director .