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Company Registration No. 07889332 (England and Wales)
Bright Soul Ltd Unaudited accounts for the year ended 31 March 2024
Bright Soul Ltd Unaudited accounts Contents
Page
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Bright Soul Ltd Company Information for the year ended 31 March 2024
Director
Rachel Bright
Company Number
07889332 (England and Wales)
Registered Office
2 Russell Street Bath Somerset BA1 2QF ENGLAND
Accountants
Link Stone Advisory Limited 2 Russell Street Bath BA1 2QF
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Bright Soul Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
479 
- 
Current assets
Debtors
255,474 
266,651 
Cash at bank and in hand
272,693 
257,978 
528,167 
524,629 
Creditors: amounts falling due within one year
(4,635)
(7,647)
Net current assets
523,532 
516,982 
Net assets
524,011 
516,982 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
524,001 
516,972 
Shareholders' funds
524,011 
516,982 
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 director acknowledges her 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Rachel Bright Director Company Registration No. 07889332
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Bright Soul Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bright Soul Ltd is a private company, limited by shares, registered in England and Wales, registration number 07889332. The registered office is 2 Russell Street, Bath, Somerset, BA1 2QF, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is 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.
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:
Computer equipment
Straight Line Over 5 Years
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Bright Soul Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,708 
Additions
599 
At 31 March 2024
2,307 
Depreciation
At 1 April 2023
1,708 
Charge for the year
120 
At 31 March 2024
1,828 
Net book value
At 31 March 2024
479 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,724 
Amounts due from group undertakings etc.
255,474 
250,474 
Accrued income and prepayments
- 
9,453 
255,474 
266,651 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,512 
1,589 
Trade creditors
25 
- 
Taxes and social security
1,732 
5,314 
Loans from directors
466 
(156)
Accruals
900 
900 
4,635 
7,647 
7
Transactions with related parties
At the year end date, there is a loan to a related party entity included within debtors for £255,474. Interest is being charged on the loan at 2% per annum. The loan is repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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