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Company Registration No. 4286645 (England and Wales)
Brights (Electrical Services) Limited Unaudited accounts for the year ended 30 September 2023
Brights (Electrical Services) Limited Unaudited accounts Contents
Page
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Brights (Electrical Services) Limited Company Information for the year ended 30 September 2023
Directors
Mark Elton Cheer Scott Cole Russell Mark Wheeler
Company Number
4286645 (England and Wales)
Registered Office
1 WHITEBEAM CLOSE PAIGNTON DEVON TQ3 3GA UNITED KINGDOM
Accountants
M A Walker & Associates Willow Ridge 1 Whitebeam Close Paignton Devon TQ3 3GA
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Brights (Electrical Services) Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
29,531 
31,500 
Tangible assets
1,974 
1,841 
31,505 
33,341 
Current assets
Debtors
45,149 
36,191 
Cash at bank and in hand
27,610 
13,715 
72,759 
49,906 
Creditors: amounts falling due within one year
(94,882)
(72,168)
Net current liabilities
(22,123)
(22,262)
Net assets
9,382 
11,079 
Capital and reserves
Called up share capital
17 
17 
Profit and loss account
9,365 
11,062 
Shareholders' funds
9,382 
11,079 
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
Mark Elton Cheer Director Company Registration No. 4286645
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Brights (Electrical Services) Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Brights (Electrical Services) Limited is a private company, limited by shares, registered in England and Wales, registration number 4286645. The registered office is 1 WHITEBEAM CLOSE, PAIGNTON, DEVON, TQ3 3GA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
37,500 
At 30 September 2023
37,500 
Amortisation
At 1 October 2022
6,000 
Charge for the year
1,969 
At 30 September 2023
7,969 
Net book value
At 30 September 2023
29,531 
At 30 September 2022
31,500 
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Brights (Electrical Services) Limited Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
- 
7,365 
2,550 
9,915 
Additions
218 
- 
356 
574 
At 30 September 2023
218 
7,365 
2,906 
10,489 
Depreciation
At 1 October 2022
- 
6,830 
1,244 
8,074 
Charge for the year
23 
134 
284 
441 
At 30 September 2023
23 
6,964 
1,528 
8,515 
Net book value
At 30 September 2023
195 
401 
1,378 
1,974 
At 30 September 2022
- 
535 
1,306 
1,841 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,149 
36,191 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
12,534 
7,023 
Trade creditors
922 
4,074 
Taxes and social security
23,942 
18,616 
Other creditors
382 
1,523 
Loans from directors
57,102 
40,932 
94,882 
72,168 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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