Registered number
05935080
Bright Buy Limited
Filleted Accounts
30 September 2024
Bright Buy Limited
Registered number: 05935080
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 336,295 370,416
Cash at bank and in hand 66,640 62,290
402,935 432,706
Creditors: amounts falling due within one year 4 (102,675) (80,875)
Net current assets 300,260 351,831
Total assets less current liabilities 300,260 351,831
Creditors: amounts falling due after more than one year 5 (232,350) (272,351)
Net assets 67,910 79,480
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 66,910 78,480
Shareholders' funds 67,910 79,480
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.
C Coulter
Director
Approved by the board on 28 November 2024
Bright Buy Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Loan Facilities
Loan facilities are initially recognised at transaction price including any transaction costs less any impairment losses for bad and doubtful debts.
Turnover
Turnover represents the interest earned from the loan facilities granted.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Loan facilities granted 321,295 370,416
Other debtors 15,000 -
336,295 370,416
Amounts due after more than one year included above 321,295 370,416
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33,536 41,736
Taxation and social security costs 39,139 39,139
Other creditors 30,000 -
102,675 80,875
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 232,350 272,351
6 Other information
Bright Buy Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old School House
West Street
Southwick, Fareham
Hampshire
PO17 6EA
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