Bright Advertising Limited - Abbreviated accounts 16.3

Bright Advertising Limited - Abbreviated accounts 16.3

BRIGHT ADVERTISING LIMITED - Company Information

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DRAFT
REGISTERED NUMBER: 04123975 (England and Wales)















BRIGHT ADVERTISING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2016





Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP








BRIGHT ADVERTISING LIMITED (REGISTERED NUMBER: 04123975)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

DRAFT









Page

Company Information 1

Accountants' Report 2

Abbreviated Balance Sheet 3 to 4

Notes to the Abbreviated Accounts 5 to 6

BRIGHT ADVERTISING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2016







DRAFT
DIRECTORS: W Cash
G Cash





SECRETARY: G Cash





REGISTERED OFFICE: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





REGISTERED NUMBER: 04123975 (England and Wales)





ACCOUNTANTS: Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Page 1
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRIGHT ADVERTISING LIMITED


DRAFT
The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages
three to six) have been prepared.

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 Advertising Limited for the year ended 30th September 2016
which comprise the Profit and Loss Account, the 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 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 Board of Directors of Bright Advertising 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 Advertising Limited and state those matters that we have agreed to state to the Board of Directors of Bright Advertising Limited, as a body, 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 Bright Advertising Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bright Advertising 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 Advertising Limited. You consider that Bright Advertising 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 Advertising 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.






Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


15th March 2017

This page does not form part of the abbreviated accounts

Page 2
BRIGHT ADVERTISING LIMITED (REGISTERED NUMBER: 04123975)

ABBREVIATED BALANCE SHEET
30TH SEPTEMBER 2016

2016 2015
Notes £    £   
DRAFT
FIXED ASSETS
Tangible assets 2 36,631 42,849

CURRENT ASSETS
Debtors 272,960 184,993
Cash at bank 192,104 122,141
465,064 307,134
CREDITORS
Amounts falling due within one year (341,301 ) (212,626 )
NET CURRENT ASSETS 123,763 94,508
TOTAL ASSETS LESS CURRENT
LIABILITIES
160,394
137,357

CAPITAL AND RESERVES
Called up share capital 3 10,000 7,500
Profit and loss account 150,394 129,857
SHAREHOLDERS' FUNDS 160,394 137,357

The notes form part of these abbreviated accounts

Page 3
BRIGHT ADVERTISING LIMITED (REGISTERED NUMBER: 04123975)

ABBREVIATED BALANCE SHEET - continued
30TH SEPTEMBER 2016

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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 14th March 2017 and were signed on
its behalf by:





W Cash - Director


The notes form part of these abbreviated accounts

Page 4
BRIGHT ADVERTISING LIMITED (REGISTERED NUMBER: 04123975)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

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1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents the total invoice value, excluding value added tax, trade discounts and all other
taxes of sales made during the year.

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

Land and buildings - over the life of the lease
Plant and machinery etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

Page 5
BRIGHT ADVERTISING LIMITED (REGISTERED NUMBER: 04123975)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

DRAFT

2. TANGIBLE FIXED ASSETS
Total
£   
Cost
At 1st October 2015 63,163
Additions 960
At 30th September 2016 64,123
Depreciation
At 1st October 2015 20,314
Charge for year 7,178
At 30th September 2016 27,492
Net book value
At 30th September 2016 36,631
At 30th September 2015 42,849

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
7,500 Ordinary £1 10,000 7,500

Page 6