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Company Registration No. 05144978 (England and Wales)
Bright Artificial Intelligence Limited Unaudited accounts for the year ended 30 June 2024
Bright Artificial Intelligence Limited Unaudited accounts Contents
Page
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Bright Artificial Intelligence Limited Company Information for the year ended 30 June 2024
Directors
A Barker D M Lane J G Lochner
Company Number
05144978 (England and Wales)
Registered Office
Mayflower Accountancy & Tax Ltd The Angel Business Centre Luton Road, Toddington Dunstable Bedfordshire LU5 6DE England
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Bright Artificial Intelligence Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
398 
583 
Current assets
Debtors
32,381 
30,813 
Cash at bank and in hand
25 
648 
32,406 
31,461 
Creditors: amounts falling due within one year
(21,822)
(21,379)
Net current assets
10,584 
10,082 
Net assets
10,982 
10,665 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
10,976 
10,659 
Shareholders' funds
10,982 
10,665 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
D M Lane Director Company Registration No. 05144978
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Bright Artificial Intelligence Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Bright Artificial Intelligence Limited is a private company, limited by shares, registered in England and Wales, registration number 05144978. The registered office is Mayflower Accountancy & Tax Ltd, The Angel Business Centre, Luton Road, Toddington, Dunstable, Bedfordshire, LU5 6DE, 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
25% on reducing balance
Computer equipment
33% on reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
2,820 
27,567 
30,387 
At 30 June 2024
2,820 
27,567 
30,387 
Depreciation
At 1 July 2023
2,725 
27,079 
29,804 
Charge for the year
24 
161 
185 
At 30 June 2024
2,749 
27,240 
29,989 
Net book value
At 30 June 2024
71 
327 
398 
At 30 June 2023
95 
488 
583 
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Bright Artificial Intelligence Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
846 
788 
Other debtors
10,496 
5,940 
11,342 
6,728 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
17,405 
21,988 
Other debtors
3,634 
2,097 
21,039 
24,085 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,996 
5,691 
Trade creditors
2,776 
2,359 
Taxes and social security
3,696 
2,041 
Other creditors
7,685 
8,574 
Accruals
2,669 
2,714 
21,822 
21,379 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A Barker
353 
- 
- 
353 
D M Lane
3,725 
5,255 
700 
8,280 
J G Lochner
1,862 
- 
- 
1,862 
5,940 
5,255 
700 
10,495 
As at 30 June 2024 included within other debtors falling due within one year are director loan balances : £353 (2023: £353) due from director Mr A Barker, £8,280 (2023: £3,725) due from director Mr D M Lane, £1,862 (2023: £1,862) due from director Mr J G Lochner.
8
Transactions with related parties
Included within other debtors falling due after one year is a balance of £17,405 (2023: £21,988) due from Fat Fish Digital Limited, a company in which Mr D M Lane is a director and a shareholder.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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