Bright Girl Songs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05212178 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2018

for

Bright Girl Songs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Smyth

C C C Smyth

M S Smyth

SECRETARY:

C Smyth

REGISTERED OFFICE:

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

REGISTERED NUMBER:

05212178 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Intangible assets

3

340,000

425,000

Tangible assets

4

1,481

1,785

341,481

426,785

CREDITORS

Amounts falling due within one year

5

(471,006

)

(594,035

)

NET CURRENT LIABILITIES

(471,006

)

(594,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(129,525

)

(167,250

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

(129,526

)

(167,251

)

SHAREHOLDERS' FUNDS

(129,525

)

(167,250

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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.

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 May 2019 and were signed on its behalf by:

C Smyth - Director

1.	STATUTORY INFORMATION

Bright Girl Songs 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.

Copyrights & intellectual property

Copyrights & intellectual property introduced into the Company on 1 September 2012 is being amortised over its

useful economic life of 10 years.

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 etc

-

25% on cost

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.

Going concern

Total liabilities exceed total assets. Liabilities include a loan provided by a director, who has indicated that this

support will continue for the foreseeable future. The directors, having considered the above and made due enquiries,

continue to adopt the going concern basis in preparing the financial statements which assumes that the company will

continue in operation for the foreseeable future.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2017

and 31 August 2018

850,000

AMORTISATION

At 1 September 2017

425,000

Charge for year

85,000

At 31 August 2018

510,000

NET BOOK VALUE

At 31 August 2018

340,000

At 31 August 2017

425,000

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

5,024

Additions

1,268

At 31 August 2018

6,292

DEPRECIATION

At 1 September 2017

3,239

Charge for year

1,572

At 31 August 2018

4,811

NET BOOK VALUE

At 31 August 2018

1,481

At 31 August 2017

1,785

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Taxation and social security

22,742

6,084

Other creditors

448,264

587,951

471,006

594,035

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 September 2017

(167,251

)

Profit for the year

37,725

At 31 August 2018

(129,526

)

8.	RELATED PARTY DISCLOSURES

Mr C Smyth is the controlling shareholder and director of the Company.

As at 31 August 2018, Mr C Smyth had a director's loan balance in his favour of £445,264 (2017: £584,951).