BRIGHT FRANCHISING LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 07101947 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

BRIGHT FRANCHISING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms P A Norstrom

M J Newton

REGISTERED OFFICE:

Stanhope House

Mark Rake

Bromborough

Wirral

Merseyside

CH62 2DN

REGISTERED NUMBER:

07101947 (England and Wales)

ACCOUNTANTS:

PENNINGTON WILLIAMS

CHARTERED ACCOUNTANTS

Stanhope House

Mark Rake

Bromborough

Merseyside

CH62 2DN

CURRENT ASSETS

Debtors

1,635

CREDITORS

Amounts falling due within one year

174,003

NET CURRENT LIABILITIES

(172,368

)

(172,368

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(172,368

)

(172,368

)

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

(172,370

)

(172,370

)

SHAREHOLDERS' FUNDS

(172,368

)

(172,368

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 September 2016 and were signed on its behalf
by:

Ms P A Norstrom - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

As at the 31 December 2015 the company's liabilities exceeds its assets by £172,368. The directors no longer

consider the company a going concern and as such, consider that it is appropriate to prepare the financial

statements on a break-up basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

The company was dormant throughout the current year and previous year.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

3.	REVIEW OF BUSINESS

Results for the year 2015

Bright Franchising Limited was formed as a start up in December 2009 and has not actively traded. The liabilities

reported are made up as follows:

Loans from three of the Directors (£103k)

HMRC due to an administrative error net (£4k)

Companies House filing penalty (£1k)

Tribunal costs (64K)

There are no outstanding trade liabilities.

The other creditor of (£64k) is as a result of two Employment Tribunal claims by former Directors of the

Company, Hugh Kitson Thomas and Terrance Finnegan, who were employed to generate sales. No sales were

achieved and the remaining non-executive Directors, who are the above mentioned creditors, chose to halt all

business activities after the two departed the Company. Both former Directors chose to pursue Employment

Tribunal claims against Bright Franchising Limited with the full knowledge that the Company had made no sales

nor was going to continue activities. Both claims went to judgement uncontested as although the Directors

rejected the claims, there were no resources available to contest them.