Registered number
10785165
Bright Ideas Consulting & Development Ltd
Filleted Accounts
31 March 2025
Bright Ideas Consulting & Development Ltd
Registered number: 10785165
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,506 3,553
Current assets
Debtors 4 190,165 24,660
Cash at bank and in hand 1 5,764
190,166 30,424
Creditors: amounts falling due within one year 5 (114,490) (13,159)
Net current assets 75,676 17,265
Total assets less current liabilities 77,182 20,818
Creditors: amounts falling due after more than one year 6 (15,182) (18,118)
Net assets 62,000 2,700
Capital and reserves
Called up share capital 106 106
Profit and loss account 61,894 2,594
Shareholders' funds 62,000 2,700
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.
Mr M S Hawthorne
Director
Approved by the board on 8 August 2025
Bright Ideas Consulting & Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 8,188
At 31 March 2025 8,188
Depreciation
At 1 April 2024 4,635
Charge for the year 2,047
At 31 March 2025 6,682
Net book value
At 31 March 2025 1,506
At 31 March 2024 3,553
4 Debtors 2025 2024
£ £
Trade debtors 174,777 24,660
Amounts owed by group undertakings and undertakings in which the company has a participating interest 6,889 -
Other debtors 8,499 -
190,165 24,660
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 6,624 -
Trade creditors 18,802 (510)
Taxation and social security costs 88,078 4,065
Other creditors 986 9,604
114,490 13,159
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 15,182 18,118
7 Other information
Bright Ideas Consulting & Development Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Old Vicarage
Far Sawrey
Ambleside
LA22 0LQ
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