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Unaudited Financial Statements |
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for the Year Ended 29 February 2016 |
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for |
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G BRIDGES WELDING & PLATING LTD |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 29 February 2016 |
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for |
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G BRIDGES WELDING & PLATING LTD |
G BRIDGES WELDING & PLATING LTD (REGISTERED NUMBER: 05721868) |
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Contents of the Financial Statements |
for the Year Ended 29 February 2016 |
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Page |
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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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Chartered Accountants' Report | 6 |
G BRIDGES WELDING & PLATING LTD |
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Company Information |
for the Year Ended 29 February 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Llanover House |
Llanover Road |
Pontypridd |
Mid Glamorgan |
CF37 4DY |
G BRIDGES WELDING & PLATING LTD (REGISTERED NUMBER: 05721868) |
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Balance Sheet |
29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors: amounts falling due within one year | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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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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. |
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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 Board of Directors on
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G BRIDGES WELDING & PLATING LTD (REGISTERED NUMBER: 05721868) |
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Notes to the Financial Statements |
for the Year Ended 29 February 2016 |
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1. | STATUTORY INFORMATION |
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G Bridges Welding & Plating Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Changes in accounting policies |
This is the first year that the Company has presented its results under FRS 102. The last financial statements |
under previous UK GAAP were for the year ended 28th February 2015. The date of transition to FRS 102 was |
1st March 2014. |
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There were no adjustments to equity necessary on the transition from UK GAAP to FRS 102. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was being amortised |
over the estimated useful life of twenty year. |
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Goodwill is now being amortised over five years in line with FRS 102 (Section 1A). |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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G BRIDGES WELDING & PLATING LTD (REGISTERED NUMBER: 05721868) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2016 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 March 2015 |
and 29 February 2016 |
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AMORTISATION |
At 1 March 2015 |
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Amortisation for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2015 |
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Additions |
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Disposals |
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( |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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Eliminated on disposal |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.16 | 28.2.15 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.16 | 28.2.15 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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G BRIDGES WELDING & PLATING LTD (REGISTERED NUMBER: 05721868) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2016 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 29 February 2016 and |
28 February 2015: |
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29.2.16 | 28.2.15 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr G Bridges. |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
G Bridges Welding & Plating Ltd |
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The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of G Bridges Welding & Plating Ltd for the year ended 29 February 2016 which comprise the |
Income statement, Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of G Bridges Welding & Plating Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G Bridges Welding & Plating Ltd and state those matters that we have agreed to state to the Board of Directors of G Bridges Welding & Plating Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that G Bridges Welding & Plating Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G Bridges Welding & Plating Ltd. You consider that G Bridges Welding & Plating Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of G Bridges Welding & Plating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Llanover House |
Llanover Road |
Pontypridd |
Mid Glamorgan |
CF37 4DY |
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