0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,000,000 1,000,000 1,000,000 xbrli:pure xbrli:shares iso4217:GBP 02208026 2023-01-01 2023-12-26 02208026 2023-12-26 02208026 2022-12-31 02208026 2022-01-01 2022-12-31 02208026 2022-12-31 02208026 2021-12-31 02208026 bus:Director1 2023-01-01 2023-12-26 02208026 core:AfterOneYear 2023-12-26 02208026 core:AfterOneYear 2022-12-31 02208026 core:WithinOneYear 2023-12-26 02208026 core:WithinOneYear 2022-12-31 02208026 core:ShareCapital 2023-12-26 02208026 core:ShareCapital 2022-12-31 02208026 core:RetainedEarningsAccumulatedLosses 2023-12-26 02208026 core:RetainedEarningsAccumulatedLosses 2022-12-31 02208026 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-26 02208026 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 02208026 bus:SmallEntities 2023-01-01 2023-12-26 02208026 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-26 02208026 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-26 02208026 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-26 02208026 bus:FullAccounts 2023-01-01 2023-12-26
COMPANY REGISTRATION NUMBER: 02208026
THE BRIGHT SIDE OF THE ROAD LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
26 December 2023
THE BRIGHT SIDE OF THE ROAD LIMITED
STATEMENT OF FINANCIAL POSITION
26 December 2023
26 Dec 23
31 Dec 22
Note
£
£
£
FIXED ASSETS
Tangible assets
4
1,000,000
1,000,000
CURRENT ASSETS
Debtors
5
233,751
217,426
Cash at bank and in hand
3,903
14,083
---------
---------
237,654
231,509
CREDITORS: amounts falling due within one year
6
( 35,900)
( 25,558)
---------
---------
NET CURRENT ASSETS
201,754
205,951
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,201,754
1,205,951
CREDITORS: amounts falling due after more than one year
7
( 312,678)
( 320,678)
PROVISIONS
Other provisions
( 27,500)
( 27,500)
------------
------------
NET ASSETS
861,576
857,773
------------
------------
THE BRIGHT SIDE OF THE ROAD LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
26 December 2023
26 Dec 23
31 Dec 22
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
861,476
857,673
---------
---------
SHAREHOLDERS FUNDS
861,576
857,773
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 26 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 March 2025 , and are signed on behalf of the board by:
J. I. Wine
Director
Company registration number: 02208026
THE BRIGHT SIDE OF THE ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2023 TO 26 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents the amount of rents received recognised during the year.
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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 January 2023 and 26 December 2023
1,000,000
------------
Depreciation
At 1 January 2023 and 26 December 2023
------------
Carrying amount
At 26 December 2023
1,000,000
------------
At 31 December 2022
1,000,000
------------
5. DEBTORS
26 Dec 23
31 Dec 22
£
£
Trade debtors
169,557
162,647
Other debtors
64,194
54,779
---------
---------
233,751
217,426
---------
---------
6. CREDITORS: amounts falling due within one year
26 Dec 23
31 Dec 22
£
£
Corporation tax
19,907
18,076
Other creditors
15,993
7,482
--------
--------
35,900
25,558
--------
--------
7. CREDITORS: amounts falling due after more than one year
26 Dec 23
31 Dec 22
£
£
Bank loans and overdrafts
312,678
320,678
---------
---------