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Company Registration No. 4973095 (England and Wales)
Brightsky Design Limited Unaudited accounts for the year ended 31 March 2024
Brightsky Design Limited Company Information for the year ended 31 March 2024
Directors
Martin Barfoot Anna Barfoot
Secretary
Anna Barfoot
Company Number
4973095 (England and Wales)
Registered Office
12 Greenacres Lower Kingswood Tadworth KT20 7EL
Accountants
Clark's Accountancy 119 Albury Road Merstham Surrey RH1 3LW
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Brightsky Design Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,235 
14,052 
Current assets
Debtors
975 
2,836 
Cash at bank and in hand
39 
4,801 
1,014 
7,637 
Creditors: amounts falling due within one year
(13,558)
(6,311)
Net current (liabilities)/assets
(12,544)
1,326 
Total assets less current liabilities
(2,309)
15,378 
Creditors: amounts falling due after more than one year
(2,188)
(15,305)
Net (liabilities)/assets
(4,497)
73 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,597)
(27)
Shareholders' funds
(4,497)
73 
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 directors acknowledge their 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 of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by
Martin Barfoot Director Company Registration No. 4973095
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Brightsky Design Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Brightsky Design Limited is a private company, limited by shares, registered in England and Wales, registration number 4973095. The registered office is 12 Greenacres, Lower Kingswood, Tadworth, KT20 7EL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
Straight line over 4 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable. 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.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Brightsky Design Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
19,955 
20,534 
40,489 
At 31 March 2024
19,955 
20,534 
40,489 
Depreciation
At 1 April 2023
17,454 
8,983 
26,437 
Charge for the year
930 
2,887 
3,817 
At 31 March 2024
18,384 
11,870 
30,254 
Net book value
At 31 March 2024
1,571 
8,664 
10,235 
At 31 March 2023
2,501 
11,551 
14,052 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
725 
2,836 
Other debtors
250 
- 
975 
2,836 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,002 
1,750 
Obligations under finance leases and hire purchase contracts
11,393 
3,010 
Taxes and social security
3,219 
4,205 
Other creditors
2,131 
1,249 
Loans from directors
(5,187)
(3,903)
13,558 
6,311 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,188 
3,912 
Obligations under finance leases and hire purchase contracts
- 
11,393 
2,188 
15,305 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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