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REGISTERED NUMBER: 07672902 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BRIGHT INTERVALS LIMITED

BRIGHT INTERVALS LIMITED (REGISTERED NUMBER: 07672902)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


BRIGHT INTERVALS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: L K H Mak





REGISTERED OFFICE: 56 Craigweil Avenue
Radlett
WD7 7EY





REGISTERED NUMBER: 07672902 (England and Wales)

BRIGHT INTERVALS LIMITED (REGISTERED NUMBER: 07672902)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,590 4,881
Investments 5 679,089 306,966
727,679 311,847

CURRENT ASSETS
Debtors 43,491 40,379
Cash at bank 66,117 83,382
109,608 123,761
CREDITORS
Amounts falling due within one year 65,663 44,539
NET CURRENT ASSETS 43,945 79,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,624

391,069

PROVISIONS FOR LIABILITIES 133,641 27,494
NET ASSETS 637,983 363,575

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 637,883 363,475
SHAREHOLDERS' FUNDS 637,983 363,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2024 and were signed by:





L K H Mak - Director


BRIGHT INTERVALS LIMITED (REGISTERED NUMBER: 07672902)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Bright Intervals 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover
Turnover represents sales of strategy consultancy services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Fixtures and fittings-25% on cost
Computer equipment-33.33% on cost
Motor Vehicles-25% on cost

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current tax and deferred tax assets and liabilities are not discounted and are 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.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Investments
Investments are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Investments are revalued annually using an open market valuation basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BRIGHT INTERVALS LIMITED (REGISTERED NUMBER: 07672902)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 11,707
Additions 58,348
At 30 June 2024 70,055
DEPRECIATION
At 1 July 2023 6,826
Charge for year 14,639
At 30 June 2024 21,465
NET BOOK VALUE
At 30 June 2024 48,590
At 30 June 2023 4,881

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 July 2023 306,966
Additions 29,406
Disposals (38,435 )
Revaluations 381,152
At 30 June 2024 679,089
NET BOOK VALUE
At 30 June 2024 679,089
At 30 June 2023 306,966

Cost or valuation at 30 June 2024 is represented by:


Other
investments
£
Valuation in 2018 (1,486 )
Valuation in 2019 (772 )
Valuation in 2020 38,521
Valuation in 2021 43,981
Valuation in 2022 (78,872 )
Valuation in 2023 103,450
Valuation in 2024 381,152
Cost 193,115
679,089

Valued on an open market basis by Hargreaves Lansdown on 30 June 2024.