Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-09-13falseNo description of principal activity10truetrue 12876365 2020-09-13 2022-02-28 12876365 2019-09-13 2020-09-12 12876365 2022-02-28 12876365 2020-09-12 12876365 c:Director1 2020-09-13 2022-02-28 12876365 d:CurrentFinancialInstruments 2022-02-28 12876365 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12876365 d:ShareCapital 2020-09-13 2022-02-28 12876365 d:ShareCapital 2022-02-28 12876365 d:ShareCapital 2020-09-12 12876365 d:RetainedEarningsAccumulatedLosses 2020-09-13 2022-02-28 12876365 d:RetainedEarningsAccumulatedLosses 2022-02-28 12876365 d:RetainedEarningsAccumulatedLosses 2020-09-12 12876365 c:OrdinaryShareClass1 2020-09-13 2022-02-28 12876365 c:OrdinaryShareClass1 2022-02-28 12876365 c:FRS102 2020-09-13 2022-02-28 12876365 c:AuditExempt-NoAccountantsReport 2020-09-13 2022-02-28 12876365 c:FullAccounts 2020-09-13 2022-02-28 12876365 c:PrivateLimitedCompanyLtd 2020-09-13 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12876365













BRIGHT BLUE INTELLIGENCE LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2022


 
BRIGHT BLUE INTELLIGENCE LIMITED
REGISTERED NUMBER:12876365


BALANCE SHEET
AS AT 28 FEBRUARY 2022

2022
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,652

Cash at bank and in hand
 5 
100

  
5,752

Creditors: amounts falling due within one year
  
(1,139)

Net current assets
  
 
 
4,613

Total assets less current liabilities
  
4,613

  

Net assets
  
4,613


Capital and reserves
  

Called up share capital 
 7 
2

Profit and loss account
  
4,611

  
4,613


Page 1


 
BRIGHT BLUE INTELLIGENCE LIMITED
REGISTERED NUMBER:12876365

    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R P Shorthouse
Director

Date: 6 September 2022

The notes on pages 4 to 6 form part of these financial statements.

Page 2


 
BRIGHT BLUE INTELLIGENCE LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 13 September 2020
-
-
-


Comprehensive income for the period

Profit for the period

-
26,611
26,611


Contributions by and distributions to owners

Dividends
-
(22,000)
(22,000)

Shares issued during the period
2
-
2


At 28 February 2022
2
4,611
4,613

The notes on pages 4 to 6 form part of these financial statements.

Page 3


 
BRIGHT BLUE INTELLIGENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2022

1.


General information

Bright Blue Intelligence Limited is a private company limited by shares, incorporated and domiciled in England and Wales, United Kingdom. The registered office is 4-8 Ludgate Circus, Second Floor, London, EC4M 7LF.
The Company was incorporated on 13 Septemeber 2020. Thus, this is the first set of financial statements prepared for the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4


 
BRIGHT BLUE INTELLIGENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Debtors

2022
£


Amounts owed by group undertakings
5,652



5.


Cash and cash equivalents

2022
£

Cash at bank and in hand
100



6.


Creditors: amounts falling due within one year

2022
£

Corporation tax
1,139


Page 5


 
BRIGHT BLUE INTELLIGENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2022

7.


Share capital

2022
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


The Company issued 2 Ordinary shares of £1 each on incorporation.


8.


Related party transactions

During the period, the Company paid management charges totalling £19,425 to Bright Blue Campaign, the parent undertaking, in respect of salaries and overheads paid for by Bright Blue Campaign. At the period end, £5,652 was owed to the Company by Bright Blue Campaign.


9.


Controlling party

Bright Blue Campaign, the parent undertaking and 100% shareholder, is considered by the director as the controlling party of the Company.

 
Page 6