Registered number
07360793
Brighter Productions Ltd
Filleted Accounts
30 September 2024
Brighter Productions Ltd
Registered number: 07360793
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 321,289 113,561
Current assets
Stocks 500 500
Debtors 4 78,643 154,453
Cash at bank and in hand 850,538 569,703
929,681 724,656
Creditors: amounts falling due within one year 5 (321,731) (192,326)
Net current assets 607,950 532,330
Total assets less current liabilities 929,239 645,891
Creditors: amounts falling due after more than one year 6 (10,294) (19,942)
Provisions for liabilities (51,471) (22,808)
Net assets 867,474 603,141
Capital and reserves
Called up share capital 100 100
Profit and loss account 867,374 603,041
Shareholders' funds 867,474 603,141
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.
S Tomkins
Director
Approved by the board on 26 June 2025
Brighter Productions Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 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).
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:
Land & buildings Nil
Plant and machinery 20% straight-line
Motor vehicles 20% straight-line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 22,331 1,819,921 97,624 1,939,876
Additions - 150,607 153,206 303,813
Disposals - - (10,000) (10,000)
At 30 September 2024 22,331 1,970,528 240,830 2,233,689
Depreciation
At 1 October 2023 - 1,778,737 47,578 1,826,315
Charge for the year - 35,919 50,166 86,085
At 30 September 2024 - 1,814,656 97,744 1,912,400
Net book value
At 30 September 2024 22,331 155,872 143,086 321,289
At 30 September 2023 22,331 41,184 50,046 113,561
4 Debtors 2024 2023
£ £
Trade debtors 69,643 144,888
Other debtors 9,000 9,565
78,643 154,453
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 32,237 31,877
Trade creditors 153,856 80,124
Taxation and social security costs 128,830 73,517
Other creditors 6,808 6,808
321,731 192,326
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,294 19,942
7 Other information
Brighter Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 9 Pine Court Business Centre
36 Gervis Road
Bournemouth
Dorset
BH1 3DH
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