Bridgepoint Business Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08920401 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

BRIDGEPOINT BUSINESS SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G C Buckle

REGISTERED OFFICE:

20-22 Wenlock Road

LONDON

N1 7GU

REGISTERED NUMBER:

08920401 (England and Wales)

ACCOUNTANTS:

Rigel Wolf Ltd

Chartered Accountants

Orion House

28A Spital Terrace

GAINSBOROUGH

Lincolnshire

DN21 2HQ

FIXED ASSETS

Tangible assets

4

1,267

1,561

CURRENT ASSETS

Debtors

5

3,120

3,129

Cash at bank

7,574

14,796

10,694

17,925

CREDITORS

Amounts falling due within one year

6

6,196

5,974

NET CURRENT ASSETS

4,498

11,951

TOTAL ASSETS LESS CURRENT LIABILITIES

5,765

13,512

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

5,764

13,511

SHAREHOLDERS' FUNDS

5,765

13,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2021 and were signed by:

Mr G C Buckle - Director

1.	STATUTORY INFORMATION

Bridgepoint Business Solutions 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

Government grants received relate to business support for the COVID-19 pandemic and have been treated as income in the year that they have been received.

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.

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

and 31 March 2021

1,499

120

1,397

3,016

DEPRECIATION

At 1 April 2020

578

74

803

1,455

Charge for year

139

7

148

294

At 31 March 2021

717

81

951

1,749

NET BOOK VALUE

At 31 March 2021

782

39

446

1,267

At 31 March 2020

921

46

594

1,561

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

2,940

2,940

VAT

180

189

3,120

3,129

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Social security and other taxes

547

464

Other creditors

5,040

5,040

Directors' current accounts

209

10

Accruals and deferred income

400

460

6,196

5,974

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2020

13,511

Deficit for the year

(5,747

)

Dividends

(2,000

)

At 31 March 2021

5,764

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr G C Buckle - the sole director and 100% shareholder - charged the company £510 (2020 - £510) for use of home as office.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2020 - £2,000) were paid to the director .

At 31 March 2021 there was a balance owed by the company by Mr G C Buckle - the sole director and 100% shareholder - of £209 (2020 - £10).

This balance has been shown in Creditors.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G C Buckle.