Company Registration No. 06039772 (England and Wales)
Bright Square Trading Ltd
Unaudited accounts
for the year ended 31 March 2024
Bright Square Trading Ltd
Unaudited accounts
Contents
Bright Square Trading Ltd
Company Information
for the year ended 31 March 2024
Company Number
06039772 (England and Wales)
Registered Office
Chynance Accountancy Services Ltd
2 King Mark House
Stret Constantine
Newquay
Cornwall
TR7 1GF
Accountants
Chynance Accountancy Services Ltd
2 King Mark House
Stret Constantine
Newquay
Cornwall
TR7 1GF
Bright Square Trading Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
6,604
8,805
Cash at bank and in hand
41,235
53,301
Creditors: amounts falling due within one year
(69,695)
(91,723)
Net current assets
7,216
17,872
Total assets less current liabilities
13,820
26,677
Creditors: amounts falling due after more than one year
(6,094)
(9,462)
Called up share capital
100
100
Profit and loss account
7,626
17,115
Shareholders' funds
7,726
17,215
For the year ending 31 March 2024 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 23 August 2024 and were signed on its behalf by
Neil Thompson
Director
Company Registration No. 06039772
Bright Square Trading Ltd
Notes to the Accounts
for the year ended 31 March 2024
Bright Square Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 06039772. The registered office is Chynance Accountancy Services Ltd, 2 King Mark House, Stret Constantine, Newquay, Cornwall, TR7 1GF.
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.
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:
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
18,333
4,936
23,269
At 31 March 2024
18,333
4,936
23,269
At 1 April 2023
12,533
1,931
14,464
Charge for the year
1,450
751
2,201
At 31 March 2024
13,983
2,682
16,665
At 31 March 2024
4,350
2,254
6,604
At 31 March 2023
5,800
3,005
8,805
Bright Square Trading Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
2,481
32,925
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,651
3,651
Trade creditors
55,714
81,976
Taxes and social security
7,114
(1,685)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).