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REGISTERED NUMBER: 07370124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Raybright Limited

Raybright Limited (Registered number: 07370124)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Raybright Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M S Phillips





REGISTERED OFFICE: Orchard Rise
Chapel Lane
Pillerton Priors
Warwick
Warwickshire
CV35 0PN





REGISTERED NUMBER: 07370124 (England and Wales)






Raybright Limited (Registered number: 07370124)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,296 417

CURRENT ASSETS
Debtors 5 1,418 830
Cash at bank 27,361 26,535
28,779 27,365
CREDITORS
Amounts falling due within one year 6 8,262 5,569
NET CURRENT ASSETS 20,517 21,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,813

22,213

PROVISIONS FOR LIABILITIES 246 79
NET ASSETS 21,567 22,134

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 21,566 22,133
SHAREHOLDERS' FUNDS 21,567 22,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 12 September 2024 and were signed by:





M S Phillips - Director


Raybright Limited (Registered number: 07370124)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Raybright 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Equipment - 25% on cost
Computer equipment - 25% on 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.

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 NIL (2023 - NIL).

Raybright Limited (Registered number: 07370124)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 February 2023 1,173 841 2,014
Additions - 1,418 1,418
Disposals - (400 ) (400 )
At 31 January 2024 1,173 1,859 3,032
DEPRECIATION
At 1 February 2023 977 620 1,597
Charge for year 75 464 539
Eliminated on disposal - (400 ) (400 )
At 31 January 2024 1,052 684 1,736
NET BOOK VALUE
At 31 January 2024 121 1,175 1,296
At 31 January 2023 196 221 417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,418 830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 1,107 1,359
Other creditors 7,155 4,210
8,262 5,569

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 February 2023 22,133
Profit for the year 5,433
Dividends (6,000 )
At 31 January 2024 21,566

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M S Phillips.