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REGISTERED NUMBER: 10563185 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

BRIGHT TIGER BUILDERS LTD

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRIGHT TIGER BUILDERS LTD

COMPANY INFORMATION
for the year ended 31 January 2022







DIRECTORS: Mr S T Birrane
Mrs P H Birrane
Mrs S B Cosgrove
Mr D P Cosgrove





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10563185 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

ABRIDGED BALANCE SHEET
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,167 17,261

CURRENT ASSETS
Stocks 21,750 25,785
Debtors 33,210 58,277
Cash at bank 127,774 219,632
182,734 303,694
CREDITORS
Amounts falling due within one year 93,501 200,673
NET CURRENT ASSETS 89,233 103,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,400

120,282

CREDITORS
Amounts falling due after more than one year 5 56,174 42,500
NET ASSETS 74,226 77,782

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 73,826 77,382
SHAREHOLDERS' FUNDS 74,226 77,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

ABRIDGED BALANCE SHEET - continued
31 January 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2022 and were signed on its behalf by:





Mr S T Birrane - Director


BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2022

1. STATUTORY INFORMATION

Bright Tiger Builders Ltd 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.

The accounts have been prepared on the going concern basis as the directors, are of the opinion that the company will meet its liabilities as and when due.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022

2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021 33,797
Additions 33,081
At 31 January 2022 66,878
DEPRECIATION
At 1 February 2021 16,536
Charge for year 9,175
At 31 January 2022 25,711
NET BOOK VALUE
At 31 January 2022 41,167
At 31 January 2021 17,261

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 30,917
At 31 January 2022 30,917
DEPRECIATION
Charge for year 4,509
At 31 January 2022 4,509
NET BOOK VALUE
At 31 January 2022 26,408

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans - 2,500

6. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 43,333 50,000
Hire purchase contracts 26,309 -
69,642 50,000

Hire purchase contracts are secured over the assets to which they relate.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £71,463 (2021 - £61,781) to the directors.