Bright Young Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05809281 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Bright Young Consulting Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

J Bright

D A Young

M E Bright

SECRETARY:

J Bright

REGISTERED OFFICE:

Sandal Business Centre

Asdale Road

Wakefield

West Yorkshire

WF2 7JE

REGISTERED NUMBER:

05809281 (England and Wales)

ACCOUNTANTS:

Strafforths

Chartered Certified Accountants

103 Haugh Green

Upper Haugh

Rotherham

South Yorkshire

S62 7FB

FIXED ASSETS

Tangible assets

4

1,866

533

CURRENT ASSETS

Debtors

29,635

65,427

Cash at bank and in hand

48,673

46,880

78,308

112,307

CREDITORS

Amounts falling due within one year

50,822

61,109

NET CURRENT ASSETS

27,486

51,198

TOTAL ASSETS LESS CURRENT LIABILITIES

29,352

51,731

PROVISIONS FOR LIABILITIES

5

355

101

NET ASSETS

28,997

51,630

CAPITAL AND RESERVES

Called up share capital

6

300

300

Retained earnings

7

28,697

51,330

SHAREHOLDERS' FUNDS

28,997

51,630

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 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 2018 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 16 September 2019 and were signed on its behalf by:

J Bright - Director

1.	STATUTORY INFORMATION

Bright Young Consulting 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.

Tangible fixed assets

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

Plant & 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

16,332

Additions

2,373

Disposals

(7,966

)

At 31 December 2018

10,739

DEPRECIATION

At 1 January 2018

15,799

Charge for year

1,029

Eliminated on disposal

(7,955

)

At 31 December 2018

8,873

NET BOOK VALUE

At 31 December 2018

1,866

At 31 December 2017

533

5.	PROVISIONS FOR LIABILITIES

31.12.18

31.12.17

£

£

Deferred tax

Accelerated capital allowances

355

101

Deferred

tax

£

Balance at 1 January 2018

101

Charge to Abridged Income Statement during year

254

Balance at 31 December 2018

355

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

100

'A' Non Voting

£1

100

100

100

'B' Non Voting

£1

100

100

25

Ordinary 'A'

£1

25

25

65

Ordinary 'B'

£1

65

65

10

Ordinary 'C'

£1

10

10

300

300

All shares pari passu except:

Voting

The A non-voting and B non-voting shares shall not entitle the holders to receive notice and vote (either in person or by

proxy) at any general meeting of the company unless unless the business includes the consideration of a resolution for

winding up the company, or a resolution altering or abrogating any of the rights, privileges, limitations and restrictions

attached to the A non-voting and B non-voting shares.

In such circumstances the holders of the A non-voting and B non-voting shares shall have the right to vote at the meeting in

respect of the A non-voting and B non-voting shares held by them only on a resolution of the nature described, in which

event holders of the A non-voting and B non-voting shares shall have one vote on a show of hands and on a poll one vote in

respect of every A non-voting and B non-voting share held by them respectively.

Capital

On a return of capital on liquidation or otherwise, the B non-voting shares shall not entitle the holders thereof to any

further or other right of participation in the assets of the company other than the repayment of the amount paid up on

such shares.

7.

RESERVES

Retained

earnings

£

At 1 January 2018

51,330

Profit for the year

81,122

Dividends

(103,755

)

At 31 December 2018

28,697

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £103,755 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Bright.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Bright Young Consulting Limited for the year ended 31 December 2018 which comprise the Abridged Income

Statement, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bright Young Consulting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bright Young Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Bright Young Consulting Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bright Young Consulting 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 profit of Bright Young Consulting Limited. You consider that Bright Young Consulting 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 Bright Young Consulting 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 statutory financial statements.

Strafforths

Chartered Certified Accountants

103 Haugh Green

Upper Haugh

Rotherham

South Yorkshire

S62 7FB

16 September 2019