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Company Registration No. 06665068 (England and Wales)
Bright Sites Consulting Limited Unaudited accounts for the year ended 31 December 2024
Bright Sites Consulting Limited Unaudited accounts Contents
Page
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Bright Sites Consulting Limited Company Information for the year ended 31 December 2024
Director
Brian Alford
Company Number
06665068 (England and Wales)
Registered Office
49 Greek Street London W1D 4EG England
Accountants
Woods Russell Limited First Floor Unit S Loddon Business Centre Roentgen Road Basingstoke RG24 8NG
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Bright Sites Consulting Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,958 
15,444 
Current assets
Debtors
496,803 
702,558 
Cash at bank and in hand
5,244 
32,097 
502,047 
734,655 
Creditors: amounts falling due within one year
(441,846)
(474,464)
Net current assets
60,201 
260,191 
Total assets less current liabilities
90,159 
275,635 
Creditors: amounts falling due after more than one year
(27,500)
(58,155)
Provisions for liabilities
Deferred tax
(5,692)
(2,934)
Net assets
56,967 
214,546 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
56,966 
214,545 
Shareholders' funds
56,967 
214,546 
For the year ending 31 December 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 his 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 28 January 2025 and were signed on its behalf by
Brian Alford Director Company Registration No. 06665068
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Bright Sites Consulting Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bright Sites Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 06665068. The registered office is 49 Greek Street, London, W1D 4EG, 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.
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:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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Bright Sites Consulting Limited Notes to the Accounts for the year ended 31 December 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense is recognised on the basis of the effective interest method and is included in interest payable. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
38,226 
Additions
19,664 
At 31 December 2024
57,890 
Depreciation
At 1 January 2024
22,782 
Charge for the year
5,150 
At 31 December 2024
27,932 
Net book value
At 31 December 2024
29,958 
At 31 December 2023
15,444 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
334,260 
591,300 
Accrued income and prepayments
5,454 
20,486 
Other debtors
157,089 
90,772 
496,803 
702,558 
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Bright Sites Consulting Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
61,398 
49,345 
Trade creditors
66,012 
143,436 
Taxes and social security
633,475 
440,665 
Other creditors
5,836 
4,484 
Loans from directors
(431,338)
(235,686)
Accruals
23,250 
3,720 
Deferred income
83,213 
68,500 
441,846 
474,464 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,500 
58,155 
The company had total financial commitments of £68,500 (2023: £107,500). These were secured over the assets of the company and charged a commercial rate of interest.
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,692 
2,934 
2024 
2023 
£ 
£ 
Provision at start of year
2,934 
1,158 
Charged to the profit and loss account
2,758 
1,776 
Provision at end of year
5,692 
2,934 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Brian Alford
235,686 
195,652 
- 
431,338 
235,686 
195,652 
- 
431,338 
The loan to and from the director was repayable on demand and carries a commercial rate of interest.
10
Average number of employees
During the year the average number of employees was 25 (2023: 19).
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