IRIS Accounts Production v25.1.4.42 07491214 director 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074912142023-12-31074912142024-12-31074912142024-01-012024-12-31074912142022-12-31074912142023-01-012023-12-31074912142023-12-3107491214ns15:EnglandWales2024-01-012024-12-3107491214ns14:PoundSterling2024-01-012024-12-3107491214ns10:Director12024-01-012024-12-3107491214ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107491214ns10:SmallEntities2024-01-012024-12-3107491214ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107491214ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107491214ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107491214ns10:FullAccounts2024-01-012024-12-310749121412024-01-012024-12-3107491214ns10:OrdinaryShareClass12024-01-012024-12-3107491214ns10:RegisteredOffice2024-01-012024-12-3107491214ns5:CurrentFinancialInstruments2024-12-3107491214ns5:CurrentFinancialInstruments2023-12-3107491214ns5:ShareCapital2024-12-3107491214ns5:ShareCapital2023-12-3107491214ns5:RetainedEarningsAccumulatedLosses2024-12-3107491214ns5:RetainedEarningsAccumulatedLosses2023-12-3107491214ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3107491214ns5:ComputerSoftware2024-01-012024-12-3107491214ns5:FurnitureFittings2024-01-012024-12-3107491214ns5:ComputerEquipment2024-01-012024-12-3107491214ns5:IntangibleAssetsOtherThanGoodwill2023-12-3107491214ns5:IntangibleAssetsOtherThanGoodwill2024-12-3107491214ns5:IntangibleAssetsOtherThanGoodwill2023-12-3107491214ns5:FurnitureFittings2023-12-3107491214ns5:ComputerEquipment2023-12-3107491214ns5:FurnitureFittings2024-12-3107491214ns5:ComputerEquipment2024-12-3107491214ns5:FurnitureFittings2023-12-3107491214ns5:ComputerEquipment2023-12-3107491214ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107491214ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107491214ns10:OrdinaryShareClass12024-12-31074912141ns10:Director12023-12-31074912141ns10:Director12022-12-31074912141ns10:Director12024-01-012024-12-31074912141ns10:Director12023-01-012023-12-31074912141ns10:Director12024-12-31074912141ns10:Director12023-12-31
REGISTERED NUMBER: 07491214 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRIGHT WEALTH MANAGEMENT LIMITED

BRIGHT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07491214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRIGHT WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: A Perryman





REGISTERED OFFICE: Chester House
63 Cambridge Street
Godmanchester
Huntingdon
Herts
PE29 2AY





REGISTERED NUMBER: 07491214 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

BRIGHT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07491214)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 45,000
Tangible assets 5 7,834 5,576
32,834 50,576

CURRENT ASSETS
Debtors 6 588,772 435,112
Cash at bank 424,443 401,788
1,013,215 836,900
CREDITORS
Amounts falling due within one year 7 385,993 381,820
NET CURRENT ASSETS 627,222 455,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,056

505,656


PROVISIONS FOR LIABILITIES 1,451 1,394

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 658,505 504,162
SHAREHOLDERS' FUNDS 658,605 504,262
660,056 505,656

BRIGHT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07491214)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 July 2025 and were signed by:





A Perryman - Director


BRIGHT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07491214)

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

1. STATUTORY INFORMATION

Bright Wealth Management Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets is being amortised evenly over its estimated useful life of five years.

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 reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 18 ) .

BRIGHT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07491214)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 85,000
AMORTISATION
At 1 January 2024 40,000
Charge for year 20,000
At 31 December 2024 60,000
NET BOOK VALUE
At 31 December 2024 25,000
At 31 December 2023 45,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 6,288 8,454 14,742
Additions 6,503 - 6,503
Disposals (5,291 ) - (5,291 )
At 31 December 2024 7,500 8,454 15,954
DEPRECIATION
At 1 January 2024 2,730 6,436 9,166
Charge for year 1,176 458 1,634
Eliminated on disposal (2,680 ) - (2,680 )
At 31 December 2024 1,226 6,894 8,120
NET BOOK VALUE
At 31 December 2024 6,274 1,560 7,834
At 31 December 2023 3,558 2,018 5,576

BRIGHT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07491214)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by participating interests 435,771 223,640
Other debtors 67,931 47,931
Directors' current accounts 55,553 88,834
Called up share capital not paid 100 100
Prepayments and accrued income 29,417 74,607
588,772 435,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans 64,806 74,946
Tax 103,513 78,431
Social security and other taxes 18,602 16,105
Pension liability 3,010 3,092
Other creditors 163,761 158,328
Accrued expenses 32,301 50,918
385,993 381,820

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Share capital 1 £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A Perryman
Balance outstanding at start of year 88,835 93,713
Amounts advanced 86,719 115,122
Amounts repaid (120,000 ) (120,000 )
Amounts written off (1 ) -
Amounts waived - -
Balance outstanding at end of year 55,553 88,835