Bright Start Mortgages Limited

BRIGHT START MORTGAGES LIMITED - Company Information

2020-10-012021-09-302021-09-30false09664527Bright Start Mortgages Limited2022-06-2182990iso4217:GBPxbrli:pure096645272020-10-01096645272021-09-30096645272020-10-012021-09-30096645272019-10-01096645272020-09-30096645272019-10-012020-09-3009664527bus:SmallEntities2020-10-012021-09-3009664527bus:AuditExempt-NoAccountantsReport2020-10-012021-09-3009664527bus:AbridgedAccounts2020-10-012021-09-3009664527bus:PrivateLimitedCompanyLtd2020-10-012021-09-3009664527core:WithinOneYear2021-09-3009664527core:AfterOneYear2021-09-3009664527core:WithinOneYear2020-09-3009664527core:AfterOneYear2020-09-3009664527core:ShareCapital2021-09-3009664527core:SharePremium2021-09-3009664527core:RevaluationReserve2021-09-3009664527core:OtherReservesSubtotal2021-09-3009664527core:RetainedEarningsAccumulatedLosses2021-09-3009664527core:ShareCapital2020-09-3009664527core:SharePremium2020-09-3009664527core:RevaluationReserve2020-09-3009664527core:OtherReservesSubtotal2020-09-3009664527core:RetainedEarningsAccumulatedLosses2020-09-3009664527core:LandBuildings2021-09-3009664527core:PlantMachinery2021-09-3009664527core:Vehicles2021-09-3009664527core:FurnitureFittings2021-09-3009664527core:OfficeEquipment2021-09-3009664527core:NetGoodwill2021-09-3009664527core:IntangibleAssetsOtherThanGoodwill2021-09-3009664527core:ListedExchangeTraded2021-09-3009664527core:UnlistedNon-exchangeTraded2021-09-3009664527core:LandBuildings2020-09-3009664527core:PlantMachinery2020-09-3009664527core:Vehicles2020-09-3009664527core:FurnitureFittings2020-09-3009664527core:OfficeEquipment2020-09-3009664527core:NetGoodwill2020-09-3009664527core:IntangibleAssetsOtherThanGoodwill2020-09-3009664527core:ListedExchangeTraded2020-09-3009664527core:UnlistedNon-exchangeTraded2020-09-3009664527core:LandBuildings2020-10-012021-09-3009664527core:PlantMachinery2020-10-012021-09-3009664527core:Vehicles2020-10-012021-09-3009664527core:FurnitureFittings2020-10-012021-09-3009664527core:OfficeEquipment2020-10-012021-09-3009664527core:NetGoodwill2020-10-012021-09-3009664527core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3009664527core:ListedExchangeTraded2020-10-012021-09-3009664527core:UnlistedNon-exchangeTraded2020-10-012021-09-3009664527core:MoreThanFiveYears2020-10-012021-09-3009664527core:Non-currentFinancialInstruments2021-09-3009664527core:Non-currentFinancialInstruments2020-09-3009664527dpl:CostSales2020-10-012021-09-3009664527dpl:DistributionCosts2020-10-012021-09-3009664527dpl:AdministrativeExpenses2020-10-012021-09-3009664527core:LandBuildings2020-10-012021-09-3009664527core:PlantMachinery2020-10-012021-09-3009664527core:Vehicles2020-10-012021-09-3009664527core:FurnitureFittings2020-10-012021-09-3009664527core:OfficeEquipment2020-10-012021-09-3009664527core:NetGoodwill2020-10-012021-09-3009664527core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3009664527dpl:GroupUndertakings2020-10-012021-09-3009664527dpl:ParticipatingInterests2020-10-012021-09-3009664527dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3009664527core:ListedExchangeTraded2020-10-012021-09-3009664527dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3009664527core:UnlistedNon-exchangeTraded2020-10-012021-09-3009664527dpl:CostSales2019-10-012020-09-3009664527dpl:DistributionCosts2019-10-012020-09-3009664527dpl:AdministrativeExpenses2019-10-012020-09-3009664527core:LandBuildings2019-10-012020-09-3009664527core:PlantMachinery2019-10-012020-09-3009664527core:Vehicles2019-10-012020-09-3009664527core:FurnitureFittings2019-10-012020-09-3009664527core:OfficeEquipment2019-10-012020-09-3009664527core:NetGoodwill2019-10-012020-09-3009664527core:IntangibleAssetsOtherThanGoodwill2019-10-012020-09-3009664527dpl:GroupUndertakings2019-10-012020-09-3009664527dpl:ParticipatingInterests2019-10-012020-09-3009664527dpl:GroupUndertakingscore:ListedExchangeTraded2019-10-012020-09-3009664527core:ListedExchangeTraded2019-10-012020-09-3009664527dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-10-012020-09-3009664527core:UnlistedNon-exchangeTraded2019-10-012020-09-3009664527core:NetGoodwill2021-09-3009664527core:IntangibleAssetsOtherThanGoodwill2021-09-3009664527core:LandBuildings2021-09-3009664527core:PlantMachinery2021-09-3009664527core:Vehicles2021-09-3009664527core:FurnitureFittings2021-09-3009664527core:OfficeEquipment2021-09-3009664527core:AfterOneYear2021-09-3009664527core:WithinOneYear2021-09-3009664527core:ListedExchangeTraded2021-09-3009664527core:UnlistedNon-exchangeTraded2021-09-3009664527core:ShareCapital2021-09-3009664527core:SharePremium2021-09-3009664527core:RevaluationReserve2021-09-3009664527core:OtherReservesSubtotal2021-09-3009664527core:RetainedEarningsAccumulatedLosses2021-09-3009664527core:NetGoodwill2020-09-3009664527core:IntangibleAssetsOtherThanGoodwill2020-09-3009664527core:LandBuildings2020-09-3009664527core:PlantMachinery2020-09-3009664527core:Vehicles2020-09-3009664527core:FurnitureFittings2020-09-3009664527core:OfficeEquipment2020-09-3009664527core:AfterOneYear2020-09-3009664527core:WithinOneYear2020-09-3009664527core:L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Registered Number
09664527
(England and Wales)

Unaudited Financial Statements for the Year Ended
30 September 2021

Bright Start Mortgages Limited

Company Information
for the year from 1 October 2020 to 30 September 2021


Directors	Brice, Susan Margaret


Registered Address	107 North Street
	Martock
	TA12 6EJ


Place of Business	2 Gunville
	Holwell
	Sherborne
	DT9 5LL


Registered Number	09664527 (England and Wales)

Bright Start Mortgages Limited

Balance Sheet as at
30 September 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	5		-		14
			-		14
Current assets
Debtors	6	3,111		6,901
Cash at bank and on hand		1,145		743
		4,256		7,644
Creditors amounts falling due within one year	7	(1,940)		(3,744)
Net current assets (liabilities)			2,316		3,900
Total assets less current liabilities			2,316		3,914
Net assets			2,316		3,914
Capital and reserves
Called up share capital			8		8
Other reserves			2		2
Profit and loss account			2,306		3,904
Shareholders' funds			2,316		3,914

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
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 and authorised for issue by the Director on 21 June 2022, and are signed on its behalf by:

Brice, Susan Margaret
Director
Registered Company No. 09664527

Bright Start Mortgages Limited

Notes to the Financial Statements
for the year ended 30 September 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	ACCOUNTING POLICIES

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

4.	EMPLOYEE INFORMATION


		2021		2020
	Average number of employees during the year	1		1

5.	PROPERTY, PLANT AND EQUIPMENT

		Total
		£
	Cost or valuation
	At 01 October 20	150
	At 30 September 21	150
	Depreciation and impairment
	At 01 October 20	136
	Charge for year	14
	At 30 September 21	150
	Net book value
	At 30 September 20	14

6.	DEBTORS

	2021	2020
	£	£
Trade debtors / trade receivables	3,111	6,901
Total	3,111	6,901


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	CREDITORS WITHIN ONE YEAR

	2021	2020
	£	£
Taxation and social security	1,084	2,935
Other creditors	22	17
Accrued liabilities and deferred income	834	792
Total	1,940	3,744


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.