Bridgestones Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04159159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

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

L J Dervin

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

529,290

502,274

529,290

502,274

CURRENT ASSETS

Debtors

6

1,483,581

1,522,157

Investments

7

15

15

Cash at bank and in hand

2,558

12,252

1,486,154

1,534,424

CREDITORS

Amounts falling due within one year

8

683,079

673,050

NET CURRENT ASSETS

803,075

861,374

TOTAL ASSETS LESS CURRENT LIABILITIES

1,332,365

1,363,648

CREDITORS

Amounts falling due after more than one year

9

313,286

303,488

NET ASSETS

1,019,079

1,060,160

CAPITAL AND RESERVES

Called up share capital

270

270

Share premium

35,990

35,990

Revaluation reserve

11

41,479

41,479

Retained earnings

941,340

982,421

SHAREHOLDERS' FUNDS

1,019,079

1,060,160

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 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 21 December 2018 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.

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 36 (2017 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

3,347

AMORTISATION

At 1 April 2017

and 31 March 2018

3,347

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

430,807

188,205

619,012

Additions

3,330

52,653

55,983

Disposals

-

(42,000

)

(42,000

)

At 31 March 2018

434,137

198,858

632,995

DEPRECIATION

At 1 April 2017

-

116,738

116,738

Charge for year

-

19,000

19,000

Eliminated on disposal

-

(32,033

)

(32,033

)

At 31 March 2018

-

103,705

103,705

NET BOOK VALUE

At 31 March 2018

434,137

95,153

529,290

At 31 March 2017

430,807

71,467

502,274

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

Plant and

machinery

etc

£

COST

At 1 April 2017

63,245

Additions

43,200

Disposals

(42,000

)

At 31 March 2018

64,445

DEPRECIATION

At 1 April 2017

37,345

Charge for year

14,784

At 31 March 2018

52,129

NET BOOK VALUE

At 31 March 2018

12,316

At 31 March 2017

25,900

6.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

72,325

63,810

Other debtors

99,649

113,053

171,974

176,863

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,311,607

1,345,294

Aggregate amounts

1,483,581

1,522,157

7.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Unlisted investments

15

15

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

238,488

178,516

Hire purchase contracts

17,383

29,548

Trade creditors

64,202

75,279

Taxation and social security

196,527

215,078

Other creditors

166,479

174,629

683,079

673,050

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

272,548

280,157

Hire purchase contracts

40,738

23,331

313,286

303,488

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

142,859

132,119

Bank loans

368,177

326,554

511,036

458,673

11.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

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.