Brightly Solutions Ltd - Accounts

Brightly Solutions Ltd - Accounts

BRIGHTLY SOLUTIONS LTD - Company Information

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Registered Number: 14406012
England and Wales

 

 

 

BRIGHTLY SOLUTIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 08 October 2022

End date: 31 October 2023

Brightly Solutions Ltd
Contents Page
For the period ended 31 October 2023
Report to the directors on the preparation of the unaudited statutory accounts of Brightly Solutions Ltd for the year ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brightly Solutions Ltd for the year ended 31 October 2023 which comprise of the Income Statement, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/

This report is made solely to the Board of Directors of Brightly Solutions Ltd, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Brightly Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Brightly Solutions Ltd, 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 Brightly Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Brightly Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brightly Solutions Ltd. You consider that Brightly Solutions Ltd 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 accounts of Brightly Solutions Ltd. 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 financial statements.



....................................................
Chart Accountancy Limited
The Blade
Abbey Square
Reading
RG1 3BE
12 January 2024
1
 
 		 Notes
 		 2023
£
Fixed assets    
Tangible fixed assets 3 1,265 
1,265 
Current assets    
Debtors 24 
Cash at bank and in hand 17,563 
17,587 
Creditors: amount falling due within one year (13,998)
Net current assets 3,589 
 
Total assets less current liabilities 4,854 
Net assets 4,854 
 

Capital and reserves 		   
Called up share capital 4 1 
Profit and loss account 4,853 
Shareholder's funds 4,854 
 


For the period ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 January 2024 and were signed by:


-------------------------------
Miss Nicole Eileen Susan Nightingale
Director
2
General Information
Brightly Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14406012, registration address 46 Queens Road, London, SW14 8PJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 3 years Reducing Balance
Computer Equipment 3 years Reducing Balance
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 08 October 2022 -    -    - 
Additions 768    1,130    1,898 
Disposals -    -    - 
At 31 October 2023 768    1,130    1,898 
Depreciation
At 08 October 2022 -    -    - 
Charge for period 256    377    633 
On disposals -    -    - 
At 31 October 2023 256    377    633 
Net book values
Closing balance as at 31 October 2023 512    753    1,265 
Opening balance as at 08 October 2022 -    -    - 


4.

Share Capital

Allotted, called up and fully paid
2023
£
1 Ordinary share of £1.00 each 1 
1 

3