Bridgeall Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC241713 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

Bridgeall Limited

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

DIRECTORS:

S Beer

W Anwar

D D Kerr

SECRETARY:

W Anwar

REGISTERED OFFICE:

4th Floor, George House

50 George Square

Glasgow

G2 1EH

REGISTERED NUMBER:

SC241713 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Tangible assets

2

295,619

68,365

CURRENT ASSETS

Stocks

15,489

-

Debtors

550,561

355,036

Cash at bank and in hand

196,033

178,455

762,083

533,491

CREDITORS

Amounts falling due within one year

555,181

311,320

NET CURRENT ASSETS

206,902

222,171

TOTAL ASSETS LESS CURRENT LIABILITIES

502,521

290,536

PROVISIONS FOR LIABILITIES

45,805

-

NET ASSETS

456,716

290,536

CAPITAL AND RESERVES

Called up share capital

3

45

45

Share premium

1,485

1,485

Capital redemption reserve

5

5

Profit and loss account

455,181

289,001

SHAREHOLDERS' FUNDS

456,716

290,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 March 2015 and were signed on its behalf by:

S Beer - Director

W Anwar - Director

D D Kerr - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

203,082

Additions

271,668

Disposals

(17,934

)

At 31 December 2014

456,816

DEPRECIATION

At 1 January 2014

134,717

Charge for year

41,160

Eliminated on disposal

(14,680

)

At 31 December 2014

161,197

NET BOOK VALUE

At 31 December 2014

295,619

At 31 December 2013

68,365

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

4,500

Ordinary A

1p

45

45