Company Registration No. 12763130 (England and Wales)
BRIGHT LAND TRADING UK LTD
Unaudited accounts
for the year ended 31 July 2023
BRIGHT LAND TRADING UK LTD
Unaudited accounts
Contents
BRIGHT LAND TRADING UK LTD
Company Information
for the year ended 31 July 2023
Director
Abdulla BELLIPADY ABDUL RAHIMAN
Company Number
12763130 (England and Wales)
Registered Office
18 BARON GARDENS
ILFORD
IG6 1NX
ENGLAND
Accountants
Orb7 Limited
53 Peartree Drive,Farnworth,Bolton,Lanca
Manchester
Bolton
Lancashire
BL4 9RR
BRIGHT LAND TRADING UK LTD
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
195
1,755
Creditors: amounts falling due within one year
(4,890)
(6,568)
Net current assets
7,220
7,105
Called up share capital
100
100
Profit and loss account
7,619
7,632
Shareholders' funds
7,719
7,732
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 28 July 2024 and were signed on its behalf by
Abdulla BELLIPADY ABDUL RAHIMAN
Director
Company Registration No. 12763130
BRIGHT LAND TRADING UK LTD
Notes to the Accounts
for the year ended 31 July 2023
BRIGHT LAND TRADING UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12763130. The registered office is 18 BARON GARDENS, ILFORD, IG6 1NX, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
15% diminishing balance method.
Computer equipment
25% diminishing balance method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BRIGHT LAND TRADING UK LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
400
600
1,000
At 31 July 2023
400
600
1,000
At 1 August 2022
111
262
373
Charge for the year
43
85
128
At 31 July 2023
154
347
501
At 31 July 2023
246
253
499
At 31 July 2022
289
338
627
Amounts falling due after more than one year
Other debtors
10,995
11,346
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
90
1,768
Other creditors
4,800
4,800
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).