Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10380004 Mr Myles Anderson Mr Edward Eliot Mr Myles Anderson and Mrs Sophie Anderson false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10380004 2022-12-31 10380004 2023-12-31 10380004 2023-01-01 2023-12-31 10380004 frs-core:CurrentFinancialInstruments 2023-12-31 10380004 frs-core:ShareCapital 2023-12-31 10380004 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10380004 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10380004 frs-bus:SmallEntities 2023-01-01 2023-12-31 10380004 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10380004 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10380004 1 2023-01-01 2023-12-31 10380004 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10380004 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10380004 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10380004 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10380004 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10380004 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10380004 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10380004 frs-bus:Director1 2023-01-01 2023-12-31 10380004 frs-bus:Director2 2023-01-01 2023-12-31 10380004 frs-countries:EnglandWales 2023-01-01 2023-12-31 10380004 2021-12-31 10380004 2022-12-31 10380004 2022-01-01 2022-12-31 10380004 frs-core:CurrentFinancialInstruments 2022-12-31 10380004 frs-core:ShareCapital 2022-12-31
Registered number: 10380004
Brightlocal Services 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: 10380004
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,005 11
1,005 11
CURRENT ASSETS
Debtors 5 337,635 337,635
337,635 337,635
Creditors: Amounts Falling Due Within One Year 6 (336,609 ) (335,616 )
NET CURRENT ASSETS (LIABILITIES) 1,026 2,019
TOTAL ASSETS LESS CURRENT LIABILITIES 2,031 2,030
NET ASSETS 2,031 2,030
CAPITAL AND RESERVES
Called up share capital 7 2,031 2,030
SHAREHOLDERS' FUNDS 2,031 2,030
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
Brightlocal Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10380004 . 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 are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
2.2. 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.
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: NIL (2022: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 January 2023 11
Additions 994
As at 31 December 2023 1,005
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1,005
As at 1 January 2023 11
Bright Little Light Ltd
The company purchased 100% of the ordinary voting share capital of Bright Little Light Ltd on 16 September 2016, which was controlled by the Directors, by issuing additional share capital in the company in the sum of £10 in exchange for the shares in Bright Little Light Ltd.
BrightLocal Ltd
The company owns 100% of the subscriber ordinary voting share capital of BrightLocal Ltd in the sum of £1 that was incorporated on 16 September 2016.
Brightlocal Poland Ltd
The company owns 100% of the subscriber ordinary voting share capital of Brightlocal Poland Ltd in the sum of £994 that was incorporated on 16 October 2023 in Poland.
Page 2
Page 3
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 337,635 337,635
337,635 337,635
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to group undertakings 336,609 335,616
336,609 335,616
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,031 2,030
On 13 June 2023 the company issued 1 ordinary H share of a nominal value of £1, at par.
The company's issued share capital comprises of
2,020 Ordinary A class £1 shares
2 Ordinary B class £1 shares.
2 Ordinary C class £1 shares.
2 Ordinary D class £1 shares.
2 Ordinary E class £1 shares.
2 Ordinary F class £1 shares.
1 Ordinary G class £0.01 share.
1 Ordinary H class £1 share.
8. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 801,135 1,208,080
801,135 1,208,080
9. Related Party Transactions
BrightLocal LtdThe company controls BrightLocal LtdDuring the year the company received a dividend from BrightLocal Ltd of £801,135 (2022: £1,208,080). BrightLocal Ltd paid expenses of £994 (2022: £Nil) for the company. At year end the company owed BrightLocal Ltd £336,609 (2022: £335,616)

BrightLocal Ltd

The company controls BrightLocal Ltd

During the year the company received a dividend from BrightLocal Ltd of £801,135 (2022: £1,208,080). BrightLocal Ltd paid expenses of £994 (2022: £Nil) for the company. At year end the company owed BrightLocal Ltd £336,609 (2022: £335,616)

10. Controlling Party
The company's ultimate controlling parties are Mr Myles Anderson and Mrs Sophie Anderson by virtue of their joint ownership of 70.3% of the issued share capital in the company.
Page 3