Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false1falsefalse2022-12-01Business and domestic software developmenttrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14488206 2022-11-30 14488206 2022-12-01 2023-11-30 14488206 2021-12-01 2022-11-30 14488206 2023-11-30 14488206 c:Director1 2022-12-01 2023-11-30 14488206 d:CurrentFinancialInstruments 2023-11-30 14488206 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14488206 d:ShareCapital 2023-11-30 14488206 d:RetainedEarningsAccumulatedLosses 2023-11-30 14488206 c:FRS102 2022-12-01 2023-11-30 14488206 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 14488206 c:FullAccounts 2022-12-01 2023-11-30 14488206 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 14488206 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 14488206









BRIGHTY PAYMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
BRIGHTY PAYMENTS LTD
REGISTERED NUMBER: 14488206

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
17,202

  
17,202

Creditors: amounts falling due within one year
 5 
(298,196)

Net current (liabilities)/assets
  
 
 
(280,994)

Total assets less current liabilities
  
(280,994)

  

Net (liabilities)/assets
  
(280,994)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(280,995)

  
(280,994)


Page 1

 
BRIGHTY PAYMENTS LTD
REGISTERED NUMBER: 14488206
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2024.




Roger Alois Burli
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BRIGHTY PAYMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Brighty Payments Limited is a private company limited by shares, incorporated in England & Wales on 16 November 2022 (registered number: 14488206).
 
The registered office address of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
 
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated
current and forecasted operational results, and the solvency of the company. The company is loss
making and in a net liability position. The company has confirmation from the directors that related
group entites will continue to financially support the company. As a result, the directors consider it
appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BRIGHTY PAYMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1.






Page 4

 
BRIGHTY PAYMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
£


Other debtors
17,202

17,202



5.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
274,542

Other taxation and social security
10,114

Other creditors
5,040

Accruals and deferred income
8,500

298,196



6.


Related party transactions

As at the 30th of November 2023 there was a balance of £258,171 owed to Razz Finance, the parent company of Brighty Payments Limited.
On this date there is also a balance of £16,371 owing to Brighty Payments UAB, a company related by common control.

 
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