Bright's Village Store Ltd 13004738 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is 47110 Digita Accounts Production Advanced 6.30.9574.0 true true 13004738 2022-12-01 2023-11-30 13004738 2023-11-30 13004738 core:RetainedEarningsAccumulatedLosses 2023-11-30 13004738 core:ShareCapital 2023-11-30 13004738 core:CurrentFinancialInstruments 2023-11-30 13004738 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13004738 core:Non-currentFinancialInstruments 2023-11-30 13004738 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 13004738 core:FurnitureFittingsToolsEquipment 2023-11-30 13004738 core:MotorVehicles 2023-11-30 13004738 bus:SmallEntities 2022-12-01 2023-11-30 13004738 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13004738 bus:FullAccounts 2022-12-01 2023-11-30 13004738 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13004738 bus:RegisteredOffice 2022-12-01 2023-11-30 13004738 bus:Director1 2022-12-01 2023-11-30 13004738 bus:Director2 2022-12-01 2023-11-30 13004738 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13004738 core:FurnitureFittings 2022-12-01 2023-11-30 13004738 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 13004738 core:MotorVehicles 2022-12-01 2023-11-30 13004738 countries:EnglandWales 2022-12-01 2023-11-30 13004738 2022-11-30 13004738 core:FurnitureFittingsToolsEquipment 2022-11-30 13004738 core:MotorVehicles 2022-11-30 13004738 2021-12-01 2022-11-30 13004738 2022-11-30 13004738 core:RetainedEarningsAccumulatedLosses 2022-11-30 13004738 core:ShareCapital 2022-11-30 13004738 core:CurrentFinancialInstruments 2022-11-30 13004738 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13004738 core:Non-currentFinancialInstruments 2022-11-30 13004738 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 13004738 core:FurnitureFittingsToolsEquipment 2022-11-30 13004738 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 13004738

Bright's Village Store Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Bright's Village Store Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Bright's Village Store Ltd

Company Information

Directors

Mrs Julie Annette Bright

Mr Christopher James Last

Registered office

27a High Street
Colerne
Chippenham
SN14 8DD

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Bright's Village Store Ltd

(Registration number: 13004738)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

38,012

40,779

Current assets

 

Stocks

6

2,230

8,550

Debtors

7

8,170

17,086

Cash at bank and in hand

 

4,802

13,648

 

15,202

39,284

Creditors: Amounts falling due within one year

8

(24,235)

(22,315)

Net current (liabilities)/assets

 

(9,033)

16,969

Total assets less current liabilities

 

28,979

57,748

Creditors: Amounts falling due after more than one year

8

(25,036)

(24,416)

Net assets

 

3,943

33,332

Capital and reserves

 

Called up share capital

1,500

1,500

Retained earnings

2,443

31,832

Shareholders' funds

 

3,943

33,332

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 August 2024 and signed on its behalf by:
 

.........................................
Mrs Julie Annette Bright
Director

 

Bright's Village Store Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27a High Street
Colerne
Chippenham
SN14 8DD

These financial statements were authorised for issue by the Board on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Bright's Village Store Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Furniture and Fittings

20% Straight Line

Motor Vehicles

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Bright's Village Store Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

11,482

11,421

 

Bright's Village Store Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

23,290

32,581

55,871

Additions

3,433

33,325

36,758

Disposals

(2,640)

(32,580)

(35,220)

At 30 November 2023

24,083

33,326

57,409

Depreciation

At 1 December 2022

8,576

6,516

15,092

Charge for the year

4,816

6,665

11,481

Eliminated on disposal

(660)

(6,516)

(7,176)

At 30 November 2023

12,732

6,665

19,397

Carrying amount

At 30 November 2023

11,351

26,661

38,012

At 30 November 2022

14,714

26,065

40,779

6

Stocks

2023
£

2022
£

Finished goods and goods for resale

2,230

8,550

7

Debtors

Current

2023
£

2022
£

Prepayments

364

220

Other debtors

7,806

16,866

 

8,170

17,086

8

Creditors

Creditors: amounts falling due within one year

 

Bright's Village Store Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

8

Creditors (continued)

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

5,286

-

Trade creditors

 

-

669

Taxation and social security

 

-

4,878

Accruals and deferred income

 

18,949

16,768

 

24,235

22,315

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

25,036

24,416

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Other borrowings

25,036

24,416

Current loans and borrowings

2023
£

2022
£

Other borrowings

5,286

-