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Company No: 07540332 (England and Wales)

BRIGHTMAN BUSINESS SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

BRIGHTMAN BUSINESS SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

BRIGHTMAN BUSINESS SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
BRIGHTMAN BUSINESS SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 3,415 6,262
3,415 6,262
Current assets
Debtors 4 431,071 1,124,588
Cash at bank and in hand 5 1,281,113 859,640
1,712,184 1,984,228
Creditors: amounts falling due within one year 6 ( 379,494) ( 561,544)
Net current assets 1,332,690 1,422,684
Total assets less current liabilities 1,336,105 1,428,946
Net assets 1,336,105 1,428,946
Capital and reserves
Called-up share capital 7 80 80
Profit and loss account 1,336,025 1,428,866
Total shareholders' funds 1,336,105 1,428,946

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Brightman Business Solutions Ltd (registered number: 07540332) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Romy Jane Hughes
Director
Donna Gail Evans
Director

29 July 2025

BRIGHTMAN BUSINESS SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
BRIGHTMAN BUSINESS SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brightman Business Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the company during the year, including directors 13 15

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2024 56,698 56,698
Additions 1,087 1,087
At 28 February 2025 57,785 57,785
Accumulated depreciation
At 01 March 2024 50,436 50,436
Charge for the financial year 3,934 3,934
At 28 February 2025 54,370 54,370
Net book value
At 28 February 2025 3,415 3,415
At 29 February 2024 6,262 6,262

4. Debtors

2025 2024
£ £
Trade debtors 379,173 894,816
Accrued income 28,000 229,772
Corporation tax 23,898 0
431,071 1,124,588

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 1,260,361 839,195
Short-term deposits 20,752 20,445
1,281,113 859,640

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 1,698 34,298
Taxation and social security 261,074 398,137
Other creditors 116,722 129,109
379,494 561,544

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
80 Class A ordinary shares of £ 1.00 each 80 80