Brightside Money Matters Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08299035 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

BRIGHTSIDE MONEY MATTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L M Notley

C S Greed

Mrs S L Greed

Mrs V J Notley

REGISTERED OFFICE:

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

REGISTERED NUMBER:

08299035 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

5

-

7,000

Tangible assets

6

1,451

2,988

1,451

9,988

CURRENT ASSETS

Debtors

7

33,898

39,909

Cash at bank

29,676

43,832

63,574

83,741

CREDITORS

Amounts falling due within one year

8

63,990

62,653

NET CURRENT (LIABILITIES)/ASSETS

(416

)

21,088

TOTAL ASSETS LESS CURRENT LIABILITIES

1,035

31,076

PROVISIONS FOR LIABILITIES

276

542

NET ASSETS

759

30,534

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

559

30,334

SHAREHOLDERS' FUNDS

759

30,534

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 17 September 2019 and were signed on its behalf by:

L M Notley - Director

C S Greed - Director

1.	STATUTORY INFORMATION

Brightside Money Matters 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced sale of services, excluding VAT.

Goodwill

Goodwill represents monies paid for customer leads which, in the opinion of the directors, should be

amortised over 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes

recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter

at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss,

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2018

and 31 December 2018

35,000

AMORTISATION

At 1 January 2018

28,000

Amortisation for year

7,000

At 31 December 2018

35,000

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

7,000

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2018

and 31 December 2018

9,893

DEPRECIATION

At 1 January 2018

6,905

Charge for year

1,537

At 31 December 2018

8,442

NET BOOK VALUE

At 31 December 2018

1,451

At 31 December 2017

2,988

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

18,637

31,823

Other debtors

15,261

8,086

33,898

39,909

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

11,404

9,974

Other creditors

52,586

52,679

63,990

62,653

9.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts due to a company under the control of the directors of 50,471.

The loan is interest free and carries no fixed terms of repayment.

Included in other debtors are amounts loaned to the directors of £8,111. The loan is interest free and

carries no fixed terms of repayment.