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Registered Number: SC594203
England and Wales

 

 

 

BRIGHT IDEA EDUCATION LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 5,047    7,303 
5,047    7,303 
Current assets      
Debtors 30,460    35,562 
Cash at bank and in hand 9,381    10,368 
39,841    45,930 
Creditors: amount falling due within one year (2,825,511)   (2,031,054)
Net current assets (2,785,670)   (1,985,124)
 
Total assets less current liabilities (2,780,623)   (1,977,821)
Creditors: amount falling due after more than one year (29,440)   (30,000)
Net assets (2,810,063)   (2,007,821)
 

Capital and reserves
     
Called up share capital 148    148 
Share premium account 161,795    161,795 
Profit and loss account (2,972,006)   (2,169,764)
Shareholders' funds (2,810,063)   (2,007,821)
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 July 2024 and were signed by:


-------------------------------
Ibrahim Farook
Director
1
General Information
BRIGHT IDEA EDUCATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number SC594203, registration address 441 DUMBARTON ROAD, GLASGOW, SCOTLAND, G11 6DD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20 Straight Line
2.

Average number of employees

Average number of employees during the year was 13 (2023 : 12).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 May 2023 11,815    11,815 
Additions  
Disposals  
At 30 April 2024 11,815    11,815 
Depreciation
At 01 May 2023 4,512    4,512 
Charge for year 2,256    2,256 
On disposals  
At 30 April 2024 6,768    6,768 
Net book values
Closing balance as at 30 April 2024 5,047    5,047 
Opening balance as at 01 May 2023 7,303    7,303 


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