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STAYBRIGHT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






STAYBRIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09590564)

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


STAYBRIGHT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Blanco-Medina
A Brown





REGISTERED OFFICE: 158 Higher Coach Road
Baildon
Shipley
West Yorkshire
BD17 5SH





REGISTERED NUMBER: 09590564 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

STAYBRIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09590564)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,055 7,574

CURRENT ASSETS
Debtors 5 54,562 7,806
Cash at bank 15,584 51,694
70,146 59,500
CREDITORS
Amounts falling due within one year 6 50,261 30,823
NET CURRENT ASSETS 19,885 28,677
TOTAL ASSETS LESS CURRENT LIABILITIES 25,940 36,251

CREDITORS
Amounts falling due after more than one
year

7

(24,987

)

(35,000

)

PROVISIONS FOR LIABILITIES 8 (663 ) (1,031 )
NET ASSETS 290 220

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 288 218
SHAREHOLDERS' FUNDS 290 220

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.

STAYBRIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09590564)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





A Brown - Director


STAYBRIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09590564)

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


1. STATUTORY INFORMATION

Staybright Solutions 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

STAYBRIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09590564)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,650 20,325 - 22,975
Additions - - 516 516
At 31 March 2023 2,650 20,325 516 23,491
DEPRECIATION
At 1 April 2022 2,078 13,323 - 15,401
Charge for year 115 1,750 170 2,035
At 31 March 2023 2,193 15,073 170 17,436
NET BOOK VALUE
At 31 March 2023 457 5,252 346 6,055
At 31 March 2022 572 7,002 - 7,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,086 5,602
Other debtors 2,176 2,204
Spraybright Solutions Ltd 50,300 -
54,562 7,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,144 1,851
Tax 1,098 1,597
VAT 21,964 9,512
Directors' current accounts 6,189 5,138
Accrued expenses 2,866 2,725
50,261 30,823

The directors' loans are interest free and repayable on demand.

STAYBRIGHT SOLUTIONS LIMITED (REGISTERED NUMBER: 09590564)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,987 25,000
24,987 35,000

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 663 1,031

Deferred
tax
£   
Balance at 1 April 2022 1,031
Accelerated capital allowances (368 )
Balance at 31 March 2023 663

The entire provision of deferred tax is relating to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary 1 2 2

10. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.