REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2022 |
FOR |
BRIGHT TIGER BUILDERS LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2021 |
Additions |
At 31 January 2022 |
DEPRECIATION |
At 1 February 2021 |
Charge for year |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
At 31 January 2021 |
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 |
Hire purchase contracts | 26,309 | - |
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. |