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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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BRIDGES CBS LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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BRIDGES CBS LIMITED |
BRIDGES CBS LIMITED (REGISTERED NUMBER: 03446540) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BRIDGES CBS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Statutory Auditor |
2-4 Packhorse Road |
Gerrards Cross |
Buckinghamshire |
SL9 7QE |
BRIDGES CBS LIMITED (REGISTERED NUMBER: 03446540) |
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BALANCE SHEET |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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BRIDGES CBS LIMITED (REGISTERED NUMBER: 03446540) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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Bridges CBS Limited is a company limited by shares incorporated in England and Wales. The company number |
is 03446540 and the registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QE. The |
principal place of business is Unit 11 Britannia Industrial Estate, Poyle Road, Colnbrook, Berkshire SL3 0BH. |
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The accounts are presented in £sterling and rounded to the nearest pound. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemptions available in 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. |
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Turnover |
Turnover represents net invoiced sales of services, namely the provision of customs brokerage services for air |
freight. The revenue is recognised on job completion. |
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Tangible fixed assets |
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Computer equipment 33% on cost |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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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. |
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Going concern |
The financial statements have been prepared on a going concern basis as the controlling party and parent |
undertaking, Bridges Worldwide Plc, is to continue to support the company for the foreseeable future. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BRIDGES CBS LIMITED (REGISTERED NUMBER: 03446540) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1 July 2018 |
and 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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VAT |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Independent Auditors' Report was unqualified. The auditors were Nunn Hayward LLP and Daniel Palmer |
(Senior Statutory Auditor) signed the auditor's report for and on behalf of Nunn Hayward LLP. |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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The parent company of the smallest group to which the company belongs and for which group financial |
statements are prepared is Bridges Worldwide plc, a company registered in England and Wales. Its registered |
office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire SL9 7QE. |
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The ultimate holding company is Bridges Worldwide Limited (incorporated in Hong Kong) which is also the |
parent company of the largest group to which the company belongs and for which group financial statements are |
prepared. |