Brighter Business Uk Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 08012117 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Brighter Business Uk Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Ian David Thomas

SECRETARY:

Black Country Legal Consultants Limited

REGISTERED OFFICE:

Helen House

Great Cornbow

Halesowen

West Midlands

B63 3AB

REGISTERED NUMBER:

08012117 (England and Wales)

ACCOUNTANTS:

Portfolio Accountants Ltd

9 Shottery Brook Office Park

Timothys Bridge Road

Stratford-Upon-Avon

CV37 9NR

FIXED ASSETS

Tangible assets

4

10,816

1,539

CURRENT ASSETS

Stocks

5

10,150

1,650

Debtors

6

98,740

124,523

Cash at bank and in hand

1,754

213

110,644

126,386

CREDITORS

Amounts falling due within one year

7

24,568

41,077

NET CURRENT ASSETS

86,076

85,309

TOTAL ASSETS LESS CURRENT LIABILITIES

96,892

86,848

CREDITORS

Amounts falling due after more than one year

8

37,000

37,000

NET ASSETS

59,892

49,848

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

59,792

49,748

SHAREHOLDERS' FUNDS

59,892

49,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2023 and were signed by:

Mr Ian David Thomas - Director

1.	STATUTORY INFORMATION

Brighter Business Uk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2021

1,326

1,122

1,989

4,437

Additions

10,538

-

-

10,538

At 30 September 2022

11,864

1,122

1,989

14,975

DEPRECIATION

At 1 October 2021

809

536

1,553

2,898

Charge for year

922

195

144

1,261

At 30 September 2022

1,731

731

1,697

4,159

NET BOOK VALUE

At 30 September 2022

10,133

391

292

10,816

At 30 September 2021

517

586

436

1,539

5.

STOCKS

30.9.22

30.9.21

£

£

Stocks

10,150

1,650

6.

DEBTORS

30.9.22

30.9.21

£

£

Amounts falling due within one year:

Trade debtors

-

8,300

Amounts owed by group undertakings

84,877

102,667

Prepayments

863

556

85,740

111,523

Amounts falling due after more than one year:

Other debtors

13,000

13,000

Aggregate amounts

98,740

124,523

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans and overdrafts (see note 9)

1,956

1,940

Trade creditors

2,446

7,947

Social security and other taxes

89

362

VAT

3,981

4,528

Other creditors

-

1,583

Directors' current accounts

16,096

24,717

24,568

41,077

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.9.21

£

£

Other loans (see note 9)

37,000

37,000

9.

LOANS

An analysis of the maturity of loans is given below:

30.9.22

30.9.21

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,956

1,940

Amounts falling due between one and two years:

Other loans - 1-2 years

37,000

37,000

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.22

30.9.21

£

£

Within one year

5,175

5,175

Between one and five years

12,075

1,725

17,250

6,900

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

value:

£

£

100

ORDINARY

1

100

100