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Registered number: 07087815
Bright Little Light Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 07087815
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 1,253,150 1,253,150
Cash at bank and in hand 8,900 9,876
1,262,050 1,263,026
Creditors: Amounts Falling Due Within One Year 6 (362,743 ) (362,743 )
NET CURRENT ASSETS (LIABILITIES) 899,307 900,283
TOTAL ASSETS LESS CURRENT LIABILITIES 899,307 900,283
NET ASSETS 899,307 900,283
CAPITAL AND RESERVES
Called up share capital 7 10 10
Income Statement 899,297 900,273
SHAREHOLDERS' FUNDS 899,307 900,283
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Myles Anderson
Director
17 April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bright Little Light Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07087815 . The registered office is 2nd Floor, Blenheim House , 120 Church Street, Brighton, East Sussex, BN1 1UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Straight Line Basis.
Computer Equipment 25% Straight Line Basis
Plant & Machinery are the Website Development Costs.
2.3. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 525,489 39,478 564,967
As at 31 December 2023 525,489 39,478 564,967
Depreciation
As at 1 January 2023 525,489 39,478 564,967
As at 31 December 2023 525,489 39,478 564,967
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - - -
Page 2
Page 3
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 2,000 2,000
Amounts owed by group undertakings 1,251,150 1,251,150
1,253,150 1,253,150
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 25,108 25,108
Amounts owed to group undertakings 337,635 337,635
362,743 362,743
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1,000 Ordinary A shares of £ 0.010 each 10 10
The company's issued share capital comprises of
1000 Ordinary 1p shares
1 Ordinary B class 1p share
1 Ordinary C class 1p share
1 Ordinary D class 1p share
8. Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is BrightLocal Services Ltd . BrightLocal Services Ltd was incorporated in the United Kingdom. The controlling parties are Mr Myles Anderson and Mrs Sophie Anderson who, together, control 70.3% of the shares of BrightLocal Services Ltd.
Page 3