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REGISTERED NUMBER: 02938649 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRIGHT QA SYSTEMS LTD

BRIGHT QA SYSTEMS LTD (REGISTERED NUMBER: 02938649)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


BRIGHT QA SYSTEMS LTD (REGISTERED NUMBER: 02938649)

BALANCE SHEET
30 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 64,051 76,730

CURRENT ASSETS
Stocks 357,171 175,203
Debtors 5 336,514 594,768
Cash at bank 264,414 92,807
958,099 862,778
CREDITORS
Amounts falling due within one year 6 621,727 405,193
NET CURRENT ASSETS 336,372 457,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,423

534,315

CREDITORS
Amounts falling due after more than one
year

7

21,764

31,475
NET ASSETS 378,659 502,840

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 378,559 502,740
SHAREHOLDERS' FUNDS 378,659 502,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRIGHT QA SYSTEMS LTD (REGISTERED NUMBER: 02938649)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





S Bennett - Director


BRIGHT QA SYSTEMS LTD (REGISTERED NUMBER: 02938649)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Bright QA Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02938649

Registered office: The Courtyard
59 Church Street
Staines-Upon-Thames
TW18 4XS

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
The turnover represents net invoiced value of goods and services, excluding value added tax, except in respect of contracts where turnover is recognised when the company obtains right to the consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

BRIGHT QA SYSTEMS LTD (REGISTERED NUMBER: 02938649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2022 7,170 169,712 176,882
Additions - 3,544 3,544
At 30 June 2023 7,170 173,256 180,426
DEPRECIATION
At 1 July 2022 4,422 95,730 100,152
Charge for year 717 15,506 16,223
At 30 June 2023 5,139 111,236 116,375
NET BOOK VALUE
At 30 June 2023 2,031 62,020 64,051
At 30 June 2022 2,748 73,982 76,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 18,657 91,619
Other debtors 317,857 503,149
336,514 594,768

BRIGHT QA SYSTEMS LTD (REGISTERED NUMBER: 02938649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 311,040 312,491
Amounts owed to group undertakings 51,877 -
Taxation and social security 15,672 19,119
Other creditors 243,138 73,583
621,727 405,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Other creditors 21,764 31,475