Brighter Graphics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04132496 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BRIGHTER GRAPHICS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTOR:

C Wilcox

SECRETARY:

S J Wilcox

REGISTERED OFFICE:

12 Beckett Way

East Grinstead

West Sussex

RH19 4SF

REGISTERED NUMBER:

04132496 (England and Wales)

ACCOUNTANTS:

Tesciuba Limited

Chartered Accountants and Chartered Tax Advisers

72 Cavendish Road

Salford

Lancashire

M7 4WA

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director 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 Brighter Graphics Limited for the year ended 31 December 2019 which comprise

the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brighter Graphics Limited in accordance with the terms of our engagement letter dated 5 July 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Brighter Graphics Limited and state those matters that we have agreed to state to the director of Brighter Graphics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brighter Graphics Limited and its director for our work or for this report.

It is your duty to ensure that Brighter Graphics 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 Brighter Graphics Limited. You consider that Brighter Graphics 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 Brighter Graphics 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.

Tesciuba Limited

Chartered Accountants and Chartered Tax Advisers

72 Cavendish Road

Salford

M7 4WA

2 September 2020

FIXED ASSETS

Property, plant and equipment

4

16,970

22,339

CURRENT ASSETS

Debtors

5

96,566

102,650

Cash at bank

148,203

124,671

244,769

227,321

CREDITORS

Amounts falling due within one year

6

(127,429

)

(146,931

)

NET CURRENT ASSETS

117,340

80,390

TOTAL ASSETS LESS CURRENT LIABILITIES

134,310

102,729

PROVISIONS FOR LIABILITIES

7

(3,224

)

(4,244

)

NET ASSETS

131,086

98,485

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

130,986

98,385

SHAREHOLDERS' FUNDS

131,086

98,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2020 and were signed by:

C Wilcox - Director

1.	STATUTORY INFORMATION

Brighter Graphics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue 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 and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the statement of financial position date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a voluntary defined contribution pension scheme in respect of its staff and the

director. Contributions payable to the scheme are charged to the profit and loss account in the period

to which they relate. The assets of the scheme are held separately from those of the company in an

independently administered fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2019

27,785

Additions

1,998

At 31 December 2019

29,783

DEPRECIATION

At 1 January 2019

5,446

Charge for year

7,367

At 31 December 2019

12,813

NET BOOK VALUE

At 31 December 2019

16,970

At 31 December 2018

22,339

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

80,516

98,410

Other debtors

535

-

VAT

4,699

-

Prepayments and accrued income

10,816

4,240

96,566

102,650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

1

184

Payments on account

1,957

-

Trade creditors

101,509

68,141

Corporation tax

21,893

23,246

Social security and other taxes

471

987

VAT

-

50,400

Directors' current accounts

35

752

Accrued expenses

1,563

3,221

127,429

146,931

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

Accelerated capital allowances

3,224

4,244

Deferred

tax

£

Balance at 1 January 2019

4,244

Credit to Statement of Income and Retained Earnings during year

(1,020

)

Balance at 31 December 2019

3,224