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REGISTERED NUMBER: 03559391 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRIGHTR LIMITED

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIGHTR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C J Savage
M L Savage





SECRETARY: M L Savage





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 03559391 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,755 39,173

CURRENT ASSETS
Stocks 5 5,082 4,238
Debtors 6 275,771 228,740
Cash at bank 215,624 194,371
496,477 427,349
CREDITORS
Amounts falling due within one year 7 445,657 364,189
NET CURRENT ASSETS 50,820 63,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,575

102,333

CREDITORS
Amounts falling due after more than one
year

8

58,145

32,343
NET ASSETS 105,430 69,990

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 105,330 69,890
SHAREHOLDERS' FUNDS 105,430 69,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




C J Savage - Director



M L Savage - Director


BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Brightr 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 10% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 140 (2023 - 124 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 20,690 2,040 63,410 10,442 96,582
Additions 5,307 - 80,203 3,292 88,802
At 31 March 2024 25,997 2,040 143,613 13,734 185,384
DEPRECIATION
At 1 April 2023 9,330 1,371 39,875 6,833 57,409
Charge for year 3,332 134 10,375 1,379 15,220
At 31 March 2024 12,662 1,505 50,250 8,212 72,629
NET BOOK VALUE
At 31 March 2024 13,335 535 93,363 5,522 112,755
At 31 March 2023 11,360 669 23,535 3,609 39,173

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 32,113
Additions 80,203
At 31 March 2024 112,316
DEPRECIATION
At 1 April 2023 15,397
Charge for year 9,693
At 31 March 2024 25,090
NET BOOK VALUE
At 31 March 2024 87,226
At 31 March 2023 16,716

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. STOCKS
2024 2023
£    £   
Stocks 5,082 4,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 247,293 200,845
Other debtors 3,125 4,625
Directors' current accounts 19,787 17,987
Prepayments 5,566 5,283
275,771 228,740

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,572 49,528
Hire purchase contracts (see note 9) 18,178 7,245
Trade creditors 22,178 11,014
Tax 47,642 36,011
Social security and other taxes 8,449 4,312
VAT 142,343 118,497
Other creditors 6,625 2,457
Deferred income 166,020 130,250
Accrued expenses 5,650 4,875
445,657 364,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,667 21,667
Hire purchase contracts (see note 9) 46,478 10,676
58,145 32,343

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,178 7,245
Between one and five years 46,478 10,676
64,656 17,921

BRIGHTR LIMITED (REGISTERED NUMBER: 03559391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,250 6,250

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 18,572 39,528
Bank loans 21,667 31,667
Hire purchase contracts 64,656 17,921
104,895 89,116

The bank overdraft is secured by way of a personal guarantee by the directors.

The hire purchase creditor is secured against the motor vehicle to which it relates.

The bank loan is secured by way of a government backed guarantee.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C J Savage and M L Savage
Balance outstanding at start of year 17,987 11,549
Amounts advanced 32,408 17,987
Amounts repaid (30,608 ) (11,549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,787 17,987