Brighter Graphics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04132496 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

BRIGHTER GRAPHICS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

C Wilcox

SECRETARY:

S J Wilcox

REGISTERED OFFICE:

12 Beckett Way

East Grinstead

West Sussex

RH19 4SF

REGISTERED NUMBER:

04132496 (England and Wales)

ACCOUNTANTS:

Tesciuba Limited

Chartered Accountants and Chartered Tax Advisers

The Chambers

13 Police Street

Manchester

M2 7LQ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Brighter Graphics Limited for the year ended 31 December 2017 which comprise the Income

Statement, Statement of Financial Position 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 director of Brighter Graphics Limited in accordance with the terms of our engagement letter dated 5 July 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Brighter Graphics Limited and state those matters that we have agreed to state to the director of Brighter Graphics Limited 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 Brighter Graphics Limited and its director for our work or for this report.

It is your duty to ensure that Brighter Graphics 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 Brighter Graphics Limited. You consider that Brighter Graphics 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 Brighter Graphics 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.

Tesciuba Limited

Chartered Accountants and Chartered Tax Advisers

The Chambers

13 Police Street

Manchester

M2 7LQ

4 September 2018

FIXED ASSETS

Property, plant and equipment

4

6,044

3,095

CURRENT ASSETS

Inventories

-

4,547

Debtors

5

38,248

29,976

Cash at bank

86,901

78,300

125,149

112,823

CREDITORS

Amounts falling due within one year

6

(71,014

)

(88,374

)

NET CURRENT ASSETS

54,135

24,449

TOTAL ASSETS LESS CURRENT LIABILITIES

60,179

27,544

PROVISIONS FOR LIABILITIES

7

(1,148

)

(619

)

NET ASSETS

59,031

26,925

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

58,931

26,825

SHAREHOLDERS' FUNDS

59,031

26,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 September 2018 and were signed by:

C Wilcox - Director

1.	STATUTORY INFORMATION

Brighter Graphics 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue 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.

Plant and machinery etc

-

33% on reducing balance

Stocks

Inventories 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Pension costs and other post-retirement benefits

The company operates a voluntary defined contribution pension scheme in respect of its staff and the director.

Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

The assets of the scheme are held separately from those of the company in an independently administered

fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2017

14,442

Additions

3,920

At 31 December 2017

18,362

DEPRECIATION

At 1 January 2017

11,347

Charge for year

971

At 31 December 2017

12,318

NET BOOK VALUE

At 31 December 2017

6,044

At 31 December 2016

3,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

38,008

28,776

Prepayments and accrued income

240

1,200

38,248

29,976

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

168

243

Trade creditors

27,513

35,373

Corporation tax

20,659

18,836

Social security and other taxes

409

4,397

VAT

20,724

25,050

Directors' current accounts

347

617

Accrued expenses

1,194

3,858

71,014

88,374

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

Accelerated capital allowances

1,148

619

Deferred

tax

£

Balance at 1 January 2017

619

Charge to Income Statement during year

529

Balance at 31 December 2017

1,148

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Wilcox who holds 51% of the issued ordinary share capital.