Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-0131truefalseBrightSign Digital Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address is The Old Rectory, Church Street, Weybridge, England, KT13 8DE22truefalse 05442513 2024-01-01 2024-12-31 05442513 2023-01-01 2023-12-31 05442513 2024-12-31 05442513 2023-12-31 05442513 c:Director1 2024-01-01 2024-12-31 05442513 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 05442513 d:Buildings d:ShortLeaseholdAssets 2024-12-31 05442513 d:Buildings d:ShortLeaseholdAssets 2023-12-31 05442513 d:OfficeEquipment 2024-01-01 2024-12-31 05442513 d:OfficeEquipment 2024-12-31 05442513 d:OfficeEquipment 2023-12-31 05442513 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05442513 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05442513 d:ComputerSoftware 2024-12-31 05442513 d:ComputerSoftware 2023-12-31 05442513 d:CurrentFinancialInstruments 2024-12-31 05442513 d:CurrentFinancialInstruments 2023-12-31 05442513 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05442513 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05442513 d:ShareCapital 2024-12-31 05442513 d:ShareCapital 2023-12-31 05442513 d:RetainedEarningsAccumulatedLosses 2024-12-31 05442513 d:RetainedEarningsAccumulatedLosses 2023-12-31 05442513 c:FRS102 2024-01-01 2024-12-31 05442513 c:Audited 2024-01-01 2024-12-31 05442513 c:FullAccounts 2024-01-01 2024-12-31 05442513 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05442513 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05442513 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 05442513 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 05442513







BRIGHTSIGN DIGITAL LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024






















TWP Accounting LLP
Chartered Accountants & Statutory Auditors
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE

 
BRIGHTSIGN DIGITAL LIMITED
REGISTERED NUMBER: 05442513

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
733
1,831

Tangible assets
 5 
188,950
220,200

  
189,683
222,031

Current assets
  

Debtors
 6 
2,512,938
2,420,005

Cash at bank and in hand
  
179,674
132,851

  
2,692,612
2,552,856

Creditors: amounts falling due within one year
 7 
(975,727)
(1,083,037)

Net current assets
  
 
 
1,716,885
 
 
1,469,819

Total assets less current liabilities
  
1,906,568
1,691,850

Provisions for liabilities
  

Deferred tax
  
(35,631)
(41,857)

  
 
 
(35,631)
 
 
(41,857)

Net assets
  
1,870,937
1,649,993


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,870,936
1,649,992

  
1,870,937
1,649,993


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 July 2025.




J S Hastings
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
BRIGHTSIGN DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

BrightSign Digital Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address is The Old Rectory, Church Street, Weybridge, England, KT13 8DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
BRIGHTSIGN DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


  
2.5

Turnover

Turnover represents the service fee charged to Brightsign LLC for the period in respect of advisory services and is calculated on an accruals basis. Turnover represents 105% (2023 : 105%) of total business costs.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Software is an intangible asset and is considered to have a finite useful life. The useful economic life (UEL) of software is determined based on management's best estimate, considering factors such as technological changes, licensing agreements, and usage patterns. Amortisation is charged on a straight-line basis over the estimated useful life of the asset. The UEL and amortisation method are reviewed to ensure they reflect the current use and expected benefits of the asset.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BRIGHTSIGN DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of lease
Office equipment
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 22).


4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
4,394



At 31 December 2024

4,394



Amortisation


At 1 January 2024
2,563


Charge for the year on owned assets
1,098



At 31 December 2024

3,661



Net book value



At 31 December 2024
733



At 31 December 2023
1,831



Page 4

 
BRIGHTSIGN DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
28,081
341,786
369,867


Additions
-
58,584
58,584



At 31 December 2024

28,081
400,370
428,451



Depreciation


At 1 January 2024
28,081
121,586
149,667


Charge for the year on owned assets
-
89,834
89,834



At 31 December 2024

28,081
211,420
239,501



Net book value



At 31 December 2024
-
188,950
188,950



At 31 December 2023
-
220,200
220,200


6.


Debtors

2024
2023
£
£



Amounts owed by group undertakings
2,379,201
2,125,868

Other debtors
81,192
230,626

Prepayments and accrued income
52,545
63,511

2,512,938
2,420,005


Page 5

 
BRIGHTSIGN DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
64,758
302,949

Corporation tax
101,396
37,035

Other taxation and social security
-
100,285

Other creditors
41,715
31,090

Accruals and deferred income
767,858
611,678

975,727
1,083,037



8.


Other financial commitments

Financial commitments relating to operating leases that are not included in the balance sheet total £74,621 (2023 : £162,765).


9.


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. 


10.


Ultimate controlling party

The ultimate controlling party during the period was Steven Durkee. The ultimate parent company which draws up the consolidated financial statements is Brightsign LLC. The company relocated its headquarters to 550 S. Winchester Blvd., Suite 100, San Jose, CA 95128, in June 2024.


11.


Share option awards

During the year, share options of 100,000 Common A units of $1 each in the parent company, BrightSign Holdings LLC, were granted to employees of BrightSign Digital Ltd. 
In addition, 182,442 Common A units were exercised in accordance with the Option Plan. The unvested portion of these options (304,070 units) was forfeited without consideration. 
At 31 December 2024, the total number of outstanding share options of BrightSign Digital Ltd was 2,682,242. Of these, 977,319 remain unvested at year-end. As the share-based payment arrangement is between the parent company and the employees, the related costs are recognised in the accounts of BrightSign Holdings LLC, not in the financial statements of BrightSign Digital Ltd.     






Page 6

 
BRIGHTSIGN DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 23 July 2025 by Paul Hawksley FCA, MAAT, CTA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part16
of the Companies Act 2006. The audit work has been undertaken so that Auditors' might state to the
company’s members those matters the Auditors' are required to state in an auditor’s report and for no
other purpose. To the fullest extent permitted by law, TWP Accounting LLP will not accept or assume
responsibility to anyone other than the company and the company’s members as a body, for the audit
work, for the Independent Auditors' Report, or for the opinions formed.


Page 7