Bright Soul Ltd - Accounts

Bright Soul Ltd - Accounts

BRIGHT SOUL LTD - Company Information

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Registered Number : 07889332
England and Wales

 

 

 

BRIGHT SOUL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Bright Soul Ltd
Contents Page
For the year ended 31 December 2016
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 Soul Ltd for the year ended 31 December 2016 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and 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, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Bright Soul Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the financial statements of Bright Soul Ltd and state those matters that we have agreed to state to the Board of Directors of Bright Soul Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bright Soul Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Bright Soul Ltd 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 Soul Ltd. You consider that Bright Soul 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 financial statements of Bright Soul 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 statutory financial statements.



....................................................
White Bruce Ltd
The Hive
6 Beaufighter Road
Weston-super-Mare
North Somerset
BS24 8EE
25 September 2017
1
  2016   2015
    £ £   £ £
Fixed assets   -      60,424 
Current assets 348,172      502,161   
Creditors: amount falling due within one year (82,843)     (398,128)  
Net current assets   265,329      104,033 
Total assets less current liabilities   265,329      164,457 
Net assets   265,329      164,457 
 

         
Capital and reserves   265,329      164,457 
 



  1. For the year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  3. The directors acknowledge 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 in accordance with the micro-entity provisions.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Rachel Louise Bright
Director

Date approved by the board: 25 September 2017
2
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
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:
Plant and Machinery 25% Straight Line
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Total
  £   £
At 01 January 2016 1,708    1,708 
Additions -    - 
Disposals -    - 
At 31 December 2016 1,708    1,708 
Depreciation
At 01 January 2016 1,284    1,284 
Charge for year 424    424 
On disposals -    - 
At 31 December 2016 1,708    1,708 
Net book values
At 31 December 2016 -    - 
At 31 December 2015 424    424 


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