Company Registration No. 4973095 (England and Wales)
Brightsky Design Limited
Unaudited accounts
for the year ended 31 March 2020
Brightsky Design Limited
Company Information
for the year ended 31 March 2020
Directors
Martin Barfoot
Anna Barfoot
Company Number
4973095 (England and Wales)
Registered Office
12 Greenacres
Lower Kingswood
Tadworth
KT20 7EL
Accountants
Clark's Accountancy
119 Albury Road
Merstham
Surrey
RH1 3LW
Brightsky Design Limited
Statement of financial position
as at 31 March 2020
Tangible assets
7,572
10,096
Cash at bank and in hand
164
18
Creditors: amounts falling due within one year
(7,092)
(15,970)
Net current liabilities
(1,910)
(11,922)
Total assets less current liabilities
5,662
(1,826)
Creditors: amounts falling due after more than one year
(5,517)
(7,723)
Net assets/(liabilities)
145
(9,549)
Called up share capital
100
100
Profit and loss account
45
(9,649)
Shareholders' funds
145
(9,549)
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2020 and were signed on its behalf by
Martin Barfoot
Director
Company Registration No. 4973095
Brightsky Design Limited
Notes to the Accounts
for the year ended 31 March 2020
Brightsky Design Limited is a private company, limited by shares, registered in England and Wales, registration number 4973095. The registered office is 12 Greenacres, Lower Kingswood, Tadworth, KT20 7EL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Brightsky Design Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2019
16,791
11,130
27,921
At 31 March 2020
16,791
11,130
27,921
At 1 April 2019
15,042
2,783
17,825
Charge for the year
437
2,087
2,524
At 31 March 2020
15,479
4,870
20,349
At 31 March 2020
1,312
6,260
7,572
At 31 March 2019
1,749
8,347
10,096
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
1,386
Obligations under finance leases and hire purchase contracts
1,899
1,899
Taxes and social security
3,456
3,771
Other creditors
1,737
2,524
Loans from directors
-
6,390
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
5,517
7,416
Taxes and social security
-
307
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within creditors is £0 (2019: £6,390) due to Martin Barfoot, a director of the company.
10
Average number of employees
During the year the average number of employees was 1 (2019: 1).
