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REGISTERED NUMBER: 10563185 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BRIGHT TIGER BUILDERS LTD

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRIGHT TIGER BUILDERS LTD

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: Mr S T Birrane
Mrs P H Birrane
Mrs S B Cosgrove
Mr D P Cosgrove





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10563185 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,148 31,266

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 82,024 186,957
Cash at bank 52,890 160,044
140,414 352,501
CREDITORS
Amounts falling due within one year 134,764 300,849
NET CURRENT ASSETS 5,650 51,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,798

82,918

CREDITORS
Amounts falling due after more than one
year

29,238

42,706
NET ASSETS 560 40,212

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 160 39,812
SHAREHOLDERS' FUNDS 560 40,212

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

ABRIDGED BALANCE SHEET - continued
31 January 2024


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 Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2024 and were signed on its behalf by:





Mr S T Birrane - Director


BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Bright Tiger Builders Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BRIGHT TIGER BUILDERS LTD (REGISTERED NUMBER: 10563185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 67,185
Additions 749
At 31 January 2024 67,934
DEPRECIATION
At 1 February 2023 35,919
Charge for year 7,867
At 31 January 2024 43,786
NET BOOK VALUE
At 31 January 2024 24,148
At 31 January 2023 31,266

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023
and 31 January 2024 30,917
DEPRECIATION
At 1 February 2023 11,111
Charge for year 4,952
At 31 January 2024 16,063
NET BOOK VALUE
At 31 January 2024 14,854
At 31 January 2023 19,806

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 23,333 33,333
Hire purchase contracts 19,373 22,841
42,706 56,174

Hire purchase contracts are secured over the assets to which they relate.

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £74,563 (2023 - 119,463) to the directors.