Bright Tree Limited
Registered number: 05647985
Balance Sheet
at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 29,351 30,049
Current assets
Debtors 4 401 372
Cash at bank and in hand 20,732 40,523
21,133 40,895
Creditors: amounts falling due within one year 5 (1,303) (978)
Net current assets 19,830 39,917
Total assets less current liabilities 49,181 69,966
Provisions for liabilities (15) (475)
Net assets 49,166 69,491
Capital and reserves
Called up share capital 100 100
Profit and loss account 49,066 69,391
Shareholders' funds 49,166 69,491
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Venu Govind Kumar
Director
Approved by the board on 19 November 2024
Bright Tree Limited
Notes to the Financial Statements
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).
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 rendering of services and is recognised by reference to the stage of completion of the contract.
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Creditors
Short term trade 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.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 April 2023 30,049
Revaluation (698)
At 31 March 2024 29,351
4 Debtors 2024 2023
£ £
Other debtors - -
Other taxes and social security 401 372
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 503 179
Accruals and deferred income 800 799
1,303 978
6 Other information
Bright Tree Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Caxton House
Brooad Street
Cambourne
CB23 6JN
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