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REGISTERED NUMBER: 04849714 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRIGHT BROWN LIMITED

BRIGHT BROWN LIMITED (REGISTERED NUMBER: 04849714)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BRIGHT BROWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: D J P Stevens
G J Kelly
M J Paxton
J A Palmer





SECRETARY: D J P Stevens





REGISTERED OFFICE: Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ





REGISTERED NUMBER: 04849714 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

BRIGHT BROWN LIMITED (REGISTERED NUMBER: 04849714)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,651 21,531
Tangible assets 5 20,043 12,954
Investments 6 24,081 24,081
45,775 58,566

CURRENT ASSETS
Debtors 7 389,207 293,438
Cash at bank and in hand 228,654 198,956
617,861 492,394
CREDITORS
Amounts falling due within one year 8 363,988 325,768
NET CURRENT ASSETS 253,873 166,626
TOTAL ASSETS LESS CURRENT LIABILITIES 299,648 225,192

CREDITORS
Amounts falling due after more than one year 9 68,383 106,860
NET ASSETS 231,265 118,332

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 231,261 118,328
231,265 118,332

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 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.

BRIGHT BROWN LIMITED (REGISTERED NUMBER: 04849714)

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 Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:




D J P Stevens - Director



M J Paxton - Director


BRIGHT BROWN LIMITED (REGISTERED NUMBER: 04849714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Bright Brown 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.

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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2003, 2012 and 2021, is being amortised evenly over its estimated useful life of ten years, three years and 2 year respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 31 (2022 - 30 ) .

BRIGHT BROWN LIMITED (REGISTERED NUMBER: 04849714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 566,773
Disposals (153 )
At 30 June 2023 566,620
AMORTISATION
At 1 July 2022 545,242
Charge for year 19,810
Eliminated on disposal (83 )
At 30 June 2023 564,969
NET BOOK VALUE
At 30 June 2023 1,651
At 30 June 2022 21,531

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 134,010
Additions 21,479
At 30 June 2023 155,489
DEPRECIATION
At 1 July 2022 121,056
Charge for year 14,390
At 30 June 2023 135,446
NET BOOK VALUE
At 30 June 2023 20,043
At 30 June 2022 12,954

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 24,081
NET BOOK VALUE
At 30 June 2023 24,081
At 30 June 2022 24,081

BRIGHT BROWN LIMITED (REGISTERED NUMBER: 04849714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 349,057 262,118
Other debtors 40,150 31,320
389,207 293,438

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 100,537 99,092
Taxation and social security 185,266 130,319
Other creditors 78,185 96,357
363,988 325,768

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 68,383 106,860

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 7,839 21,276

The loans are secured by directors personal guarantees.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
M G Russell
Balance outstanding at start of year - 1
Amounts repaid - (1 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -