Bridge Homes (Norwich) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09498879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BRIDGE HOMES (NORWICH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P G Rose

REGISTERED OFFICE:

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

REGISTERED NUMBER:

09498879 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

4

7,853

10,798

CURRENT ASSETS

Debtors

5

367,889

298

Cash at bank

8,662

8,222

376,551

8,520

CREDITORS

Amounts falling due within one year

6

299,496

23,242

NET CURRENT ASSETS/(LIABILITIES)

77,055

(14,722

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,908

(3,924

)

CAPITAL AND RESERVES

Called up share capital

15

15

Retained earnings

84,893

(3,939

)

SHAREHOLDERS' FUNDS

84,908

(3,924

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 December 2018 and were signed by:

P G Rose - Director

1.	STATUTORY INFORMATION

Bridge Homes (Norwich) 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.

The company adopted FRS 102 in the current year. Upon transition no material recognition or

measurement differences arose therefore there were no changes to the net assets or profits

previously reported.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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 reducing balance

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

19,193

Additions

2,750

Disposals

(3,078

)

At 31 March 2018

18,865

DEPRECIATION

At 1 April 2017

8,395

Charge for year

2,617

At 31 March 2018

11,012

NET BOOK VALUE

At 31 March 2018

7,853

At 31 March 2017

10,798

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts recoverable on contrac s

364,300

-

Other debtors

3,589

298

367,889

298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

135,000

-

Trade creditors

443

348

Taxation and social security

17,934

-

Other creditors

146,119

22,894

299,496

23,242

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P G Rose.