1 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,956 673 3,629 2,440 492 2,932 697 516 xbrli:pure xbrli:shares iso4217:GBP 07330687 2022-08-01 2023-07-31 07330687 2023-07-31 07330687 2022-07-31 07330687 2021-08-01 2022-07-31 07330687 2022-07-31 07330687 core:FurnitureFittings 2022-08-01 2023-07-31 07330687 bus:Director2 2022-08-01 2023-07-31 07330687 core:FurnitureFittings 2022-07-31 07330687 core:FurnitureFittings 2023-07-31 07330687 core:WithinOneYear 2023-07-31 07330687 core:WithinOneYear 2022-07-31 07330687 core:ShareCapital 2023-07-31 07330687 core:ShareCapital 2022-07-31 07330687 core:RetainedEarningsAccumulatedLosses 2023-07-31 07330687 core:RetainedEarningsAccumulatedLosses 2022-07-31 07330687 core:FurnitureFittings 2022-07-31 07330687 bus:SmallEntities 2022-08-01 2023-07-31 07330687 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07330687 bus:FullAccounts 2022-08-01 2023-07-31 07330687 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07330687 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 07330687
Bright Green Learning Ltd
Filleted Unaudited Financial Statements
31 July 2023
Bright Green Learning Ltd
Financial Statements
Year ended 31 July 2023
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 6
Bright Green Learning Ltd
Balance Sheet
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
697
516
Current assets
Debtors
6
12,319
10,338
Cash at bank and in hand
108,617
122,141
---------
---------
120,936
132,479
Creditors: amounts falling due within one year
7
55,591
51,778
---------
---------
Net current assets
65,345
80,701
--------
--------
Total assets less current liabilities
66,042
81,217
--------
--------
Net assets
66,042
81,217
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
66,040
81,215
--------
--------
Shareholders funds
66,042
81,217
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bright Green Learning Ltd
Balance Sheet (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 19 October 2023 , and are signed on behalf of the board by:
Mrs J Lowe
Director
Company registration number: 07330687
Bright Green Learning Ltd
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit G2, Great Fenton Business Park, Grove Road, Stoke-on-Trent, ST4 4LZ. The company registration number is 07330687 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.
Revenue recognition
Turnover comprises the value of sales (exclusive of VAT) of services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Computer equipment
Total
£
£
Cost
At 1 August 2022
2,956
2,956
Additions
673
673
-------
-------
At 31 July 2023
3,629
3,629
-------
-------
Depreciation
At 1 August 2022
2,440
2,440
Charge for the year
492
492
-------
-------
At 31 July 2023
2,932
2,932
-------
-------
Carrying amount
At 31 July 2023
697
697
-------
-------
At 31 July 2022
516
516
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
12,084
10,338
Other debtors
235
--------
--------
12,319
10,338
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
5,390
6,100
Social security and other taxes
2,027
3,075
Other creditors
48,174
42,603
--------
--------
55,591
51,778
--------
--------