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REGISTERED NUMBER: 03559391 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BRIGHTR LIMITED

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIGHTR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C J Savage
M L Savage





SECRETARY: M L Savage





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 03559391 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,173 31,114

CURRENT ASSETS
Stocks 5 4,238 3,894
Debtors 6 228,740 221,466
Cash at bank 194,371 126,862
427,349 352,222
CREDITORS
Amounts falling due within one year 7 364,189 301,154
NET CURRENT ASSETS 63,160 51,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,333

82,182

CREDITORS
Amounts falling due after more than one
year

8

32,343

36,766
NET ASSETS 69,990 45,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,890 45,316
SHAREHOLDERS' FUNDS 69,990 45,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

BALANCE SHEET - continued
31 MARCH 2023


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

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 12 October 2023 and were signed on its behalf by:




C J Savage - Director



M L Savage - Director


BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Brightr 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 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks 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 balance sheet date.

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

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.

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 124 (2022 - 104 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 15,996 2,040 48,292 10,442 76,770
Additions 4,694 - 15,118 - 19,812
At 31 March 2023 20,690 2,040 63,410 10,442 96,582
DEPRECIATION
At 1 April 2022 6,490 1,204 32,031 5,931 45,656
Charge for year 2,840 167 7,844 902 11,753
At 31 March 2023 9,330 1,371 39,875 6,833 57,409
NET BOOK VALUE
At 31 March 2023 11,360 669 23,535 3,609 39,173
At 31 March 2022 9,506 836 16,261 4,511 31,114

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 16,995
Additions 15,118
At 31 March 2023 32,113
DEPRECIATION
At 1 April 2022 9,826
Charge for year 5,571
At 31 March 2023 15,397
NET BOOK VALUE
At 31 March 2023 16,716
At 31 March 2022 7,169

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. STOCKS
2023 2022
£    £   
Stocks 4,238 3,894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 200,845 196,921
Other debtors 4,625 8,281
Directors' current accounts 17,987 11,549
Prepayments 5,283 4,715
228,740 221,466

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,528 15,787
Hire purchase contracts (see note 9) 7,245 3,399
Trade creditors 11,014 28,785
Tax 36,011 26,482
Social security and other taxes 4,312 4,191
VAT 118,497 106,673
Other creditors 2,457 2,589
Deferred income 130,250 108,385
Accrued expenses 4,875 4,863
364,189 301,154

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 21,667 31,667
Hire purchase contracts (see note 9) 10,676 5,099
32,343 36,766

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,245 3,399
Between one and five years 10,676 5,099
17,921 8,498

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 6,250 12,500
Between one and five years - 6,250
6,250 18,750

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 39,528 5,787
Bank loans 31,667 41,667
Hire purchase contracts 17,921 8,498
89,116 55,952

The bank overdraft is secured by way of a personal guarantee by the directors.

The hire purchase creditor is secured against the motor vehicle to which it relates.

The bank loan is secured by way of a government backed guarantee.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
C J Savage and M L Savage
Balance outstanding at start of year 11,549 19,763
Amounts advanced 17,987 11,549
Amounts repaid (11,549 ) (19,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,987 11,549