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REGISTERED NUMBER: 08704726 (England and Wales)














Financial Statements for the Year Ended 30 September 2024

for

Bright Comet Ltd

Bright Comet Ltd (Registered number: 08704726)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bright Comet Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr A C Hegan
Mrs C M Hegan





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 08704726 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Bright Comet Ltd (Registered number: 08704726)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,084 2,155

CURRENT ASSETS
Debtors 5 5,946 32,744
Cash at bank 122,842 140,102
128,788 172,846
CREDITORS
Amounts falling due within one year 6 1,667 1,225
NET CURRENT ASSETS 127,121 171,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,205

173,776

PROVISIONS FOR LIABILITIES 396 409
NET ASSETS 128,809 173,367

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 128,609 173,167
SHAREHOLDERS' FUNDS 128,809 173,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Comet Ltd (Registered number: 08704726)

Balance Sheet - continued
30 September 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 5 June 2025 and were signed on its behalf by:





Mr A C Hegan - Director


Bright Comet Ltd (Registered number: 08704726)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bright Comet Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 1,426 5,436 6,862
Additions - 872 872
At 30 September 2024 1,426 6,308 7,734
DEPRECIATION
At 1 October 2023 825 3,882 4,707
Charge for year 150 793 943
At 30 September 2024 975 4,675 5,650
NET BOOK VALUE
At 30 September 2024 451 1,633 2,084
At 30 September 2023 601 1,554 2,155

Bright Comet Ltd (Registered number: 08704726)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 10,164
Other debtors 5,946 22,580
5,946 32,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 94 -
Taxation and social security 85 85
Other creditors 1,488 1,140
1,667 1,225

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B £1 100 100
200 200

8. RESERVES
Retained
earnings
£   

At 1 October 2023 173,167
Deficit for the year (18,558 )
Dividends (26,000 )
At 30 September 2024 128,609