Caseware UK (AP4) 2016.0.208 2016.0.208 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2017-01-01 03185052 2017-01-01 2018-03-31 03185052 2016-01-01 2016-12-31 03185052 2018-03-31 03185052 2016-12-31 03185052 c:CompanySecretary1 2017-01-01 2018-03-31 03185052 c:Director1 2017-01-01 2018-03-31 03185052 c:Director1 2018-03-31 03185052 c:Director1 2016-12-31 03185052 c:Director2 2017-01-01 2018-03-31 03185052 c:RegisteredOffice 2017-01-01 2018-03-31 03185052 c:Agent1 2017-01-01 2018-03-31 03185052 d:Buildings d:LongLeaseholdAssets 2017-01-01 2018-03-31 03185052 d:Buildings d:LongLeaseholdAssets 2016-12-31 03185052 d:PlantMachinery 2017-01-01 2018-03-31 03185052 d:PlantMachinery 2016-12-31 03185052 d:PlantMachinery d:OwnedOrFreeholdAssets 2017-01-01 2018-03-31 03185052 d:MotorVehicles 2017-01-01 2018-03-31 03185052 d:MotorVehicles 2016-12-31 03185052 d:MotorVehicles d:OwnedOrFreeholdAssets 2017-01-01 2018-03-31 03185052 d:OfficeEquipment 2017-01-01 2018-03-31 03185052 d:OfficeEquipment 2016-12-31 03185052 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-01-01 2018-03-31 03185052 d:OwnedOrFreeholdAssets 2017-01-01 2018-03-31 03185052 d:CurrentFinancialInstruments 2018-03-31 03185052 d:CurrentFinancialInstruments 2016-12-31 03185052 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 03185052 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 03185052 d:ShareCapital 2018-03-31 03185052 d:ShareCapital 2016-12-31 03185052 d:SharePremium 2018-03-31 03185052 d:SharePremium 2016-12-31 03185052 d:RetainedEarningsAccumulatedLosses 2018-03-31 03185052 d:RetainedEarningsAccumulatedLosses 2016-12-31 03185052 c:FRS102 2017-01-01 2018-03-31 03185052 c:AuditExempt-NoAccountantsReport 2017-01-01 2018-03-31 03185052 c:FullAccounts 2017-01-01 2018-03-31 03185052 c:PrivateLimitedCompanyLtd 2017-01-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 03185052










A. & E. BRIDGEN & SON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2018

 
A. & E. BRIDGEN & SON LIMITED
 
 
COMPANY INFORMATION


Directors
Mr M J Poole 
Mrs E A Poole 




Company secretary
Mrs E A Poole



Registered number
03185052



Registered office
Ospringe Nurseries
Brogdale Road

Faversham

Kent

ME13 8SU




Accountants
MHA MacIntyre Hudson
Chartered Accountants

71 New Dover Road

Canterbury

Kent

CT1 3DZ




Bankers
The Royal Bank of Scotland PLC
14 Rose lane

Canterbury

Kent

CT1 2ST





 
A. & E. BRIDGEN & SON LIMITED
 

CONTENTS



Page
Directors' report
 
 
1
Statement of comprehensive income
 
 
2
Balance sheet
 
 
3 - 4
Notes to the financial statements
 
 
5 - 10


 
A. & E. BRIDGEN & SON LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 MARCH 2018

The directors present their report and the financial statements for the period ended 31 March 2018.

Principal activity

The principal activity of the company continued to be that of a wholesale nursery.
The company ceased to trade on 15 December 2017.

Directors

The directors who served during the period were:

Mr M J Poole 
Mrs E A Poole 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
Mrs E A Poole
Secretary

Date: 31 July 2018

Page 1

 
A. & E. BRIDGEN & SON LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH 2018

2018
2016
Note
£
£

  

Turnover
  
1,195,269
1,237,159

Cost of sales
  
(1,272,081)
(973,213)

Gross (loss)/profit
  
(76,812)
263,946

Distribution costs
  
(69,739)
(83,076)

Administrative expenses
  
(238,858)
(165,757)

Operating (loss)/profit
  
(385,409)
15,113

Interest payable and expenses
  
(272)
(262)

(Loss)/profit before tax
  
(385,681)
14,851

(Loss)/profit for the financial period
  
(385,681)
14,851

There were no recognised gains and losses for 2018 or 2016 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2018 (2016:£NIL).

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
A. & E. BRIDGEN & SON LIMITED
REGISTERED NUMBER: 03185052

BALANCE SHEET
AS AT 31 MARCH 2018

31 March
31 December
2018
2016
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
103,859

  
-
103,859

Current assets
  

Stocks
 6 
-
269,248

Debtors: amounts falling due within one year
 7 
25,074
238,522

Cash at bank and in hand
  
9,298
54,730

  
34,372
562,500

Creditors: amounts falling due within one year
 8 
(56,084)
(303,342)

Net current (liabilities)/assets
  
 
 
(21,712)
 
 
259,158

Total assets less current liabilities
  
(21,712)
363,017

  

Net (liabilities)/assets
  
(21,712)
363,017


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
88,754
88,754

Profit and loss account
  
(110,468)
274,261

  
(21,712)
363,017


Page 3

 
A. & E. BRIDGEN & SON LIMITED
REGISTERED NUMBER: 03185052
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

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 applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2018.




................................................
Mr M J Poole
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
A. & E. BRIDGEN & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

1.


General information

A. & E. Bridgen & Son Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ospringe Nurseries, Brogdale Road, Faversham, Kent, ME13 8SU.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Page 5

 
A. & E. BRIDGEN & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 January 2016 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.5

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the period in which they are incurred.

Page 6

 
A. & E. BRIDGEN & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. The estimated useful lives range as follows:

Depreciation is provided on the following basis:

Improvements to Leasehold Property
-
5% on cost
Plant and machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 7

 
A. & E. BRIDGEN & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

Staff costs, including directors' remuneration, were as follows:


The average monthly number of employees, including directors, during the period was 10 (2016 - 12).

Page 8

 
A. & E. BRIDGEN & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

5.


Tangible fixed assets







L/Term Leasehold Property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£





At 1 January 2017
268,920
211,809
219,679
37,921
738,329


Disposals
(268,920)
(211,809)
(219,679)
(37,921)
(738,329)



At 31 March 2018

-
-
-
-
-





At 1 January 2017
212,177
176,662
209,804
35,827
634,470


Charge for the period on owned assets
9,909
4,308
2,653
619
17,489


Disposals
(222,086)
(180,970)
(212,457)
(36,446)
(651,959)



At 31 March 2018

-
-
-
-
-



Net book value



At 31 March 2018
-
-
-
-
-



At 31 December 2016
56,743
35,147
9,875
2,094
103,859


6.


Stocks

31 March
31 December
2018
2016
£
£

Raw materials and consumables
-
269,248

-
269,248


Page 9

 
A. & E. BRIDGEN & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018

7.


Debtors

31 March
31 December
2018
2016
£
£


Trade debtors
25,074
233,017

Prepayments and accrued income
-
5,505

25,074
238,522



8.


Creditors: Amounts falling due within one year

31 March
31 December
2018
2016
£
£

Bank overdrafts
-
6,224

Trade creditors
9,301
203,307

Other taxation and social security
24,005
48,680

Other creditors
15,645
36,763

Accruals and deferred income
7,133
8,368

56,084
303,342



9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,502 (2016 - £8,736). 


10.


Related party transactions

At the period end, the company owed the directors, Mr M J Poole and Mrs E A Poole £15,645 (2016: £36,763) in the form of a joint directors' current account. This amount is included in other creditors within current liabilities.


11.


Controlling party

The ultimate parent company is Amblesite Limited, a company registered in England and Wales, which at the 31 March 2018 was jointly owned by  Mr M J Poole and Mrs E A Poole, directors of the company.

 
Page 10