Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08354722 Miss Zoe Merchant Miss Z Merchant true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08354722 2023-01-31 08354722 2024-01-31 08354722 2023-02-01 2024-01-31 08354722 frs-core:CurrentFinancialInstruments 2024-01-31 08354722 frs-core:Non-currentFinancialInstruments 2024-01-31 08354722 frs-core:ComputerEquipment 2024-01-31 08354722 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08354722 frs-core:ComputerEquipment 2023-01-31 08354722 frs-core:FurnitureFittings 2024-01-31 08354722 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08354722 frs-core:FurnitureFittings 2023-01-31 08354722 frs-core:ShareCapital 2024-01-31 08354722 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08354722 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08354722 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08354722 frs-bus:SmallEntities 2023-02-01 2024-01-31 08354722 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08354722 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08354722 1 2023-02-01 2024-01-31 08354722 frs-bus:Director1 2023-02-01 2024-01-31 08354722 frs-countries:EnglandWales 2023-02-01 2024-01-31 08354722 2022-01-31 08354722 2023-01-31 08354722 2022-02-01 2023-01-31 08354722 frs-core:CurrentFinancialInstruments 2023-01-31 08354722 frs-core:Non-currentFinancialInstruments 2023-01-31 08354722 frs-core:ShareCapital 2023-01-31 08354722 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08354722
Bright Innovation Partnership Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08354722
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,351 21,517
13,351 21,517
CURRENT ASSETS
Debtors 5 193,549 86,599
Cash at bank and in hand 127,206 112,635
320,755 199,234
Creditors: Amounts Falling Due Within One Year 6 (170,004 ) (98,254 )
NET CURRENT ASSETS (LIABILITIES) 150,751 100,980
TOTAL ASSETS LESS CURRENT LIABILITIES 164,102 122,497
Creditors: Amounts Falling Due After More Than One Year 7 (19,818 ) (30,746 )
NET ASSETS 144,284 91,751
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 144,184 91,651
SHAREHOLDERS' FUNDS 144,284 91,751
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Zoe Merchant
Director
11th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bright Innovation Partnership Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08354722 . The registered office is 126 Church Road, Teddington, Middlesex, TW11 8QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 18)
12 18
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 15,817 63,206 79,023
Additions 677 3,587 4,264
Disposals (6,336 ) (22,280 ) (28,616 )
As at 31 January 2024 10,158 44,513 54,671
Depreciation
As at 1 February 2023 13,104 44,402 57,506
Provided during the period 1,879 10,551 12,430
Disposals (6,336 ) (22,280 ) (28,616 )
As at 31 January 2024 8,647 32,673 41,320
Net Book Value
As at 31 January 2024 1,511 11,840 13,351
As at 1 February 2023 2,713 18,804 21,517
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 189,303 65,489
Other debtors 4,246 21,110
193,549 86,599
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,685 5,506
Bank loans and overdrafts 10,838 9,747
Other creditors 27,559 10,437
Taxation and social security 108,922 72,564
170,004 98,254
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,818 30,746
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year, dividends of £116,000 (2023 - £67,500) were paid to the director.
10. Ultimate Controlling Party
The company's ultimate controlling party is Miss Z Merchant by virtue of her ownership of 100% of the issued share capital in the company.
Page 5