Registered number
12817079
Bright Space Communications Ltd
Filleted Accounts
31 March 2024
Bright Space Communications Ltd
Registered number: 12817079
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,973 7,809
Current assets
Debtors 4 31,492 51,853
Cash at bank and in hand 3,894 38,266
35,386 90,119
Creditors: amounts falling due within one year 5 (40,324) (80,896)
Net current (liabilities)/assets (4,938) 9,223
Net assets 35 17,032
Capital and reserves
Called up share capital 2 2
Profit and loss account 33 17,030
Shareholders' funds 35 17,032
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ingrid Brown
Director
Approved by the board on 20 August 2024
Bright Space Communications Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is not material
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 11,339
At 31 March 2024 11,339
Depreciation
At 1 April 2023 3,530
Charge for the year 2,836
At 31 March 2024 6,366
Net book value
At 31 March 2024 4,973
At 31 March 2023 7,809
4 Debtors 2024 2023
£ £
Trade debtors 4,300 48,856
Directors' loan account 10,643 -
Other debtors 16,549 2,997
31,492 51,853
The directors' loan account will be repaid within nine months of the year end
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 19,992 19,835
Taxation and social security costs 16,772 46,877
Other creditors 3,560 14,184
40,324 80,896
6 Other information
Bright Space Communications Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Level Three
11 Cornwall Road
Twickenham
Middlesex
TW1 3LS
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