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REGISTERED NUMBER: 03865036 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Bright Interactive Limited

Bright Interactive Limited (Registered number: 03865036)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bright Interactive Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: E E Clack
M R Wilson





REGISTERED OFFICE: 9th Floor, Tower Point
44 North Road
Brighton
East Sussex
BN1 1YR





REGISTERED NUMBER: 03865036 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Bright Interactive Limited (Registered number: 03865036)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 30,789 35,920
Tangible assets 5 69,520 113,306
100,309 149,226

CURRENT ASSETS
Debtors 6 1,253,554 1,795,572
Cash at bank and in hand 1,622,498 615,753
2,876,052 2,411,325
CREDITORS
Amounts falling due within one year 7 2,302,172 2,013,242
NET CURRENT ASSETS 573,880 398,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,189

547,309

PROVISIONS FOR LIABILITIES 17,380 28,326
NET ASSETS 656,809 518,983

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 655,809 517,983
656,809 518,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bright Interactive Limited (Registered number: 03865036)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





E E Clack - Director


Bright Interactive Limited (Registered number: 03865036)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Bright Interactive Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Domains are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% straight line
Fixtures and fittings - 33% straight line
Equipment - 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bright Interactive Limited (Registered number: 03865036)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Domains
£   
COST
At 1 November 2023
and 31 October 2024 48,841
AMORTISATION
At 1 November 2023 12,921
Amortisation for year 5,131
At 31 October 2024 18,052
NET BOOK VALUE
At 31 October 2024 30,789
At 31 October 2023 35,920

Bright Interactive Limited (Registered number: 03865036)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 November 2023 50,880 137,617 296,112 484,609
Additions 1,692 9,741 25,147 36,580
Disposals - - (1,953 ) (1,953 )
At 31 October 2024 52,572 147,358 319,306 519,236
DEPRECIATION
At 1 November 2023 43,961 95,706 231,636 371,303
Charge for year 2,153 12,913 22,178 37,244
Eliminated on disposal - - (122 ) (122 )
Reclassification/transfer 6,042 14,574 20,675 41,291
At 31 October 2024 52,156 123,193 274,367 449,716
NET BOOK VALUE
At 31 October 2024 416 24,165 44,939 69,520
At 31 October 2023 6,919 41,911 64,476 113,306

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 987,865 1,616,228
Other debtors 265,689 179,344
1,253,554 1,795,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 126,235 32,750
Taxation and social security 272,199 227,304
Other creditors 1,903,738 1,753,188
2,302,172 2,013,242

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.