Registered number
13493062
Bright Projects Group Limited
Unaudited Filleted Accounts
31 October 2024
Bright Projects Group Limited
Notes to the Accounts
for the year ended 31 October 2024
1 General information
Bright Projects Group Limited is a private company, limited by shares, incorporated in England and Wales.

The address of the registered office is Liberty House, 222 Regent Street, London, United Kingdom, W1B 5TR.
2 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).
Going concern
The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 2,936
Additions 583
At 31 October 2024 3,519
Depreciation
At 1 November 2023 762
Charge for the year 870
At 31 October 2024 1,632
Net book value
At 31 October 2024 1,887
At 31 October 2023 2,174
5 Debtors 2024 2023
£ £
Trade debtors 843,495 232,208
Other debtors 184,409 149,128
1,027,904 381,336
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,760 -
Directors' loan account 1,829 5,733
Taxation and social security costs 344,153 114,107
Other creditors 847,649 151,553
1,196,391 271,393
Bright Projects Group Limited
Registered number: 13493062
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,887 2,174
Current assets
Debtors 5 1,027,904 381,336
Cash at bank and in hand 754,529 251,749
1,782,433 633,085
Creditors: amounts falling due within one year 6 (1,196,391) (271,393)
Net current assets 586,042 361,692
Net assets 587,929 363,866
Capital and reserves
Called up share capital 100 100
Profit and loss account 587,829 363,766
Shareholders' funds 587,929 363,866
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.
Mr D Pack
Director
Approved by the board on 14 April 2025
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