Bright Sites Consulting Limited - Period Ending 2015-08-31

Registration number: 06665068

Bright Sites Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

ASL Accountants
23 Kestrel Road
Kempshott
Basingstoke
Hampshire
RG22 5PE

Bright Sites Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Bright Sites Consulting Limited
(Registration number: 06665068)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					708			1,454
Current assets
Stocks					119,575			-
Debtors					30,502			31,027
Cash at bank and in hand					61,815			6,367
					211,892			37,394
Creditors: Amounts falling due within one year					(102,454)			(40,399)
Net current assets/(liabilities)					109,438			(3,005)
Net assets/(liabilities)					110,146			(1,551)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					110,145			(1,552)
Shareholders' funds/(deficit)					110,146			(1,551)

For the year ending 31 August 2015 the company was entitled to exemption 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 his 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 .

Approved by the director on 31 May 2016

.........................................
B J Alford
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bright Sites Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line
Office equipment	25% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The director does not consider any adjustment to be material to an understanding of the accounts.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Bright Sites Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		6,380			6,380
At 31 August 2015		6,380			6,380
Depreciation
At 1 September 2014		4,926			4,926
Charge for the year		746			746
At 31 August 2015		5,672			5,672
Net book value
At 31 August 2015		708			708
At 31 August 2014		1,454			1,454

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
B J Alford
Repaid by the director	-	7,437	580	-

Page 3