Bridgeform Trade Limited
|
Registered number: |
06974861
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
100,914 |
|
|
1,371 |
Investments |
3 |
|
|
1,021,843 |
|
|
1,021,843 |
|
|
|
|
1,122,757 |
|
|
1,023,214 |
|
Current assets |
Debtors |
|
|
514,519 |
|
|
354,013 |
Cash at bank and in hand |
|
|
373,367 |
|
|
579,327 |
|
|
|
887,886 |
|
|
933,340 |
|
Creditors: amounts falling due within one year |
|
|
(1,957,914) |
|
|
(1,907,899) |
|
Net current liabilities |
|
|
|
(1,070,028) |
|
|
(974,559) |
|
Net assets |
|
|
|
52,729 |
|
|
48,655 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
52,728 |
|
|
48,654 |
|
Shareholder's funds |
|
|
|
52,729 |
|
|
48,655 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr S Purik |
Director |
Approved by the board on 20 September 2016
|
|
Bridgeform Trade Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Exemption from preparing consolidated financial statements |
|
The financial statements contain information about Bridgeform Trade 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. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: |
|
Plant and machinery |
25% straight line |
|
|
Foreign currencies |
|
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. The difference arising on the restatement of the net investment and of matching foreign currency liabilities are dealt with as adjustments to other reserves. All other exchange differences are dealt with in profit and loss account. |
|
|
Trade debtors |
|
Trade debtors are measured at initial recognition at fair value. Where an impairment has been identified on initial measurement, the carrying amount of assets immediately written down to recoverable amount. The bad and doubtful debts are recognised in the profit and loss account. |
|
|
Trade creditors |
|
Trade creditors are measured at initial recognition at fair value. |
|
|
Investments |
|
Investments in subsidiaries and associate undertakings are valued at cost less provision for impairment. |
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
1,828 |
|
Additions |
100,000 |
|
At 31 December 2015 |
101,828 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
457 |
|
Charge for the year |
457 |
|
At 31 December 2015 |
914 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
100,914 |
|
At 31 December 2014 |
1,371 |
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
At 1 January 2015 |
1,021,843 |
|
|
At 31 December 2015 |
1,021,843 |
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|