| Bridge Power Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Bridge Power Limited for the year ended 30 June 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated financial statements of Bridge Power Limited for the year ended 30 June 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.cimaglobal.com/Professional-ethics. |
| This report is made solely to the Board of Directors of Bridge Power Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Bridge Power Limited and state those matters that we have agreed to state to the Board of Directors of Bridge Power Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bridge Power Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Bridge Power Limited 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 loss of Bridge Power Limited. You consider that Bridge Power Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Bridge Power Limited. 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 abbreviated accounts. |
|
| Interim Assistance Ltd |
| Accountants |
| 2 Minton Place |
| Victoria Road |
| Bicester |
| Oxon |
| OX26 6QB |
|
| Bridge Power Limited |
| Registered number: 07583875 |
| Abbreviated Balance Sheet |
| as at 30 June 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
12,156 |
|
|
2,353,651 |
|
| Current assets |
| Debtors |
|
|
46,625 |
|
|
116,411 |
| Cash at bank and in hand |
|
|
136,412 |
|
|
224,944 |
|
|
|
183,037 |
|
|
341,355 |
|
| Creditors: amounts falling due within one year |
|
|
(69,459) |
|
|
(49,826) |
|
| Net current assets |
|
|
|
113,578 |
|
|
291,529 |
|
| Total assets less current liabilities |
|
|
|
125,734 |
|
|
2,645,180 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(1,667,500) |
|
|
|
| Net assets |
|
|
|
125,734 |
|
|
977,680 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
853 |
|
|
853 |
| Share premium |
|
|
|
1,056,648 |
|
|
1,056,648 |
| Profit and loss account |
|
|
|
(931,767) |
|
|
(79,821) |
|
| Shareholders' funds |
|
|
|
125,734 |
|
|
977,680 |
|
|
|
|
|
|
|
|
| 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. |
| Members have 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 financial statements. |
| The financial statements 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. |
|
|
|
| C A Ainsworth |
| Director |
| Approved by the board on 29 March 2016 |
|
| Bridge Power Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 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.
Turnover is recognised when the goods are physically delivered to the customer and when services are provided. |
|
|
Depreciation |
|
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Solar Panel Systems |
4% Straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
2,588,663 |
|
Additions |
12,278 |
|
Disposals |
(2,588,663) |
|
At 30 June 2015 |
12,278 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2014 |
235,012 |
|
Charge for the year |
76,150 |
|
On disposals |
(311,040) |
|
At 30 June 2015 |
122 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
12,156 |
|
At 30 June 2014 |
2,353,651 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.0010 each |
|
1,000 |
|
1 |
|
1 |
|
A Ordinary shares |
£0.0010 each |
|
66,763 |
|
67 |
|
67 |
|
C Ordinary shares |
£0.0010 each |
|
425,000 |
|
425 |
|
425 |
|
D Ordinary shares |
£0.0010 each |
|
360,000 |
|
360 |
|
360 |
|
|
|
|
|
|
853 |
|
853 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Ultimate controlling party |
|
|
The directors are of the opinion that there is no controlling party. |
