Bridgeall Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC241713 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

Bridgeall Limited

Page

Company information

1

Abridged balance sheet

2

Notes to the financial statements

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

4

119,857

156,763

CURRENT ASSETS

Stocks

30,280

70,060

Debtors

577,784

336,142

Cash at bank and in hand

768,636

705,042

1,376,700

1,111,244

CREDITORS

Amounts falling due within one year

604,096

460,156

NET CURRENT ASSETS

772,604

651,088

TOTAL ASSETS LESS CURRENT LIABILITIES

892,461

807,851

PROVISIONS FOR LIABILITIES

14,642

22,895

NET ASSETS

877,819

784,956

CAPITAL AND RESERVES

Called up share capital

45

45

Share premium

1,485

1,485

Capital redemption reserve

5

5

Retained earnings

876,284

783,421

SHAREHOLDERS' FUNDS

877,819

784,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 22 February 2018 and were signed on its behalf by:

S Beer - Director

W Anwar - Director

D D Kerr - Director

1.	STATUTORY INFORMATION

Bridgeall Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Short leasehold

-

10% on cost

Equipment

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

HIRE PURCHASE AND LEASING COMMITMENTS

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

lease.

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 36 (2016 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

489,647

Additions

16,312

At 31 December 2017

505,959

DEPRECIATION

At 1 January 2017

332,884

Charge for year

53,218

At 31 December 2017

386,102

NET BOOK VALUE

At 31 December 2017

119,857

At 31 December 2016

156,763

5.	OTHER FINANCIAL COMMITMENTS

At 31 December 2017, the company had annual commitments under non-cancellable operating leases as follows:

2017

2016

£

£

Expiry date:

Within one year

95,345

60,202

Between one and five years

67,978

164,226

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

2017

2016

£

£

S Beer

Balance outstanding at start of year

(31,146

)

(31,446

)

Amounts advanced

30,000

300

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,146

)

(31,146

)

W Anwar

Balance outstanding at start of year

(31,145

)

(31,145

)

Amounts advanced

30,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,145

)

(31,145

)

D D Kerr

Balance outstanding at start of year

(31,145

)

(31,145

)

Amounts advanced

30,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,145

)

(31,145

)