2023-10-012024-09-302024-09-30false09664527Bright Start Mortgages 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Bright Start Mortgages Limited

Registered Number
09664527
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Bright Start Mortgages Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

Brice, Susan Margaret

Registered Address

2 Gunville Holwell
Sherborne
DT9 5LL

Place of Business

2 Gunville

Holwell

Sherborne

DT9 5LL


Registered Number

09664527 (England and Wales)
Bright Start Mortgages Limited
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3370553
370553
Current assets
Debtors42,1736,927
Cash at bank and on hand1041,061
2,2777,988
Creditors amounts falling due within one year5(2,539)(7,321)
Net current assets (liabilities)(262)667
Total assets less current liabilities1081,220
Provisions for liabilities(70)(105)
Net assets381,115
Capital and reserves
Called up share capital88
Other reserves22
Profit and loss account281,105
Shareholders' funds381,115
The financial statements were approved and authorised for issue by the Director on 23 April 2025, and are signed on its behalf by:
Brice, Susan Margaret
Director
Registered Company No. 09664527
Bright Start Mortgages Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Deferred tax
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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees
The following average number of employees includes the director.

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 23705
At 30 September 24705
Depreciation and impairment
At 01 October 23152
Charge for year183
At 30 September 24335
Net book value
At 30 September 24370
At 30 September 23553
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,0272,927
Other debtors1464,000
Total2,1736,927
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.
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties81,871
Taxation and social security1,2863,770
Accrued liabilities and deferred income1,2451,680
Total2,5397,321
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.