Company Registration No. 11672047 (England and Wales)
BRIGHT STORY LTD
Unaudited accounts
for the year ended 31 March 2024
BRIGHT STORY LTD
Unaudited accounts
Contents
BRIGHT STORY LTD
Company Information
for the year ended 31 March 2024
Director
Rachel Louise Bright
Company Number
11672047 (England and Wales)
Registered Office
2 Russell Street
Bath
Somerset
BA1 2QF
ENGLAND
Accountants
Link Stone Advisory Limited
2 Russell Street
Bath
BA1 2QF
BRIGHT STORY LTD
Statement of financial position
as at 31 March 2024
Called up share capital not paid
100
100
Cash at bank and in hand
242,824
244,393
Creditors: amounts falling due within one year
(46,779)
(85,851)
Net current assets
400,932
314,708
Net assets
402,017
316,129
Called up share capital
100
100
Profit and loss account
401,917
316,029
Shareholders' funds
402,017
316,129
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 12 November 2024 and were signed on its behalf by
Rachel Louise Bright
Director
Company Registration No. 11672047
BRIGHT STORY LTD
Notes to the Accounts
for the year ended 31 March 2024
BRIGHT STORY LTD is a private company, limited by shares, registered in England and Wales, registration number 11672047. 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. .
BRIGHT STORY LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
119,836
97,582
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
45,742
67,089
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
-
84,627
-
84,627
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).