Company registration number 02547344 (England and Wales)
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
47,893
65,526
Investment properties
5
372,762
372,762
420,655
438,288
Current assets
Stocks
1,400
1,400
Debtors
6
1,114,139
1,095,831
Cash at bank and in hand
564,496
597,391
1,680,035
1,694,622
Creditors: amounts falling due within one year
7
(1,361,623)
(1,491,466)
Net current assets
318,412
203,156
Total assets less current liabilities
739,067
641,444
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
738,967
641,344
Total equity
739,067
641,444
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 May 2025
R Smith
Director
Company Registration No. 02547344
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
Bright Hygiene Management (London) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7 Sarbir Industrial Estate, Cambridge Road, Harlow, Essex, CM20 2EU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Nil
Plant and machinery
15% reducing balance basis
Fixtures, fittings & equipment
15% reducing balance basis
Computer equipment
15% reducing balance basis
Motor vehicles
25% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
23
26
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 September 2023
7,453
54,683
44,113
43,185
206,433
355,867
Disposals
(17,000)
(17,000)
At 31 August 2024
7,453
54,683
44,113
43,185
189,433
338,867
Depreciation and impairment
At 1 September 2023
7,453
45,321
42,624
43,185
151,758
290,341
Depreciation charged in the year
1,404
223
12,890
14,517
Eliminated in respect of disposals
(13,884)
(13,884)
At 31 August 2024
7,453
46,725
42,847
43,185
150,764
290,974
Carrying amount
At 31 August 2024
7,958
1,266
38,669
47,893
At 31 August 2023
9,362
1,489
54,675
65,526
5
Investment property
2024
£
Fair value
At 1 September 2023 and 31 August 2024
372,762
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director.
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,084,080
1,052,699
Other debtors
30,059
43,132
1,114,139
1,095,831
BRIGHT HYGIENE MANAGEMENT (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
872,520
1,047,165
Other taxation and social security
167,292
118,575
Other creditors
321,811
325,726
1,361,623
1,491,466