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REGISTERED NUMBER: 02962171 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

BRIGHTERA ENGINEERING LIMITED

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Contents of the Financial Statements

for the year ended 30 September 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BRIGHTERA ENGINEERING LIMITED |

Company Information

for the year ended 30 September 2024

| Directors: | P Mayersbeth

| J Mayersbeth

| Registered office: | 3rd Floor

| 86-90 Paul Street

| London

| EC2A 4NE

| Registered number: | 02962171 (England and Wales)

| Accountants: | Slough

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Balance Sheet

30 September 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 535,739 |  | 549,339 |  |

535,739 |  | 549,339 |  |

Current assets

Stocks | 5,932 |  | 8,594 |  |

Debtors | 6 | 101,368 |  | 71,307 |  |

Cash at bank and in hand | 266,096 |  | 274,022 |  |

373,396 |  | 353,923 |  |

Creditors

Amounts falling due within one year | 7 | 238,109 |  | 248,213 |  |

Net current assets | 135,287 |  | 105,710 |  |

Total assets less current liabilities | 671,026 |  | 655,049 |  |

Creditors

Amounts falling due after more than one year | 8 | (8,648 | ) | (18,704 | ) |

Provisions for liabilities | 9 | (7,065 | ) | (8,510 | ) |

Net assets | 655,313 |  | 627,835 |  |

Capital and reserves

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Revaluation reserve | 11 | 306,433 |  | 306,433 |  |

Retained earnings | 11 | 347,880 |  | 320,402 |  |

Shareholders' funds | 655,313 |  | 627,835 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Balance Sheet - continued

30 September 2024

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

J Mayersbeth - Director

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Notes to the Financial Statements

for the year ended 30 September 2024

1. | Statutory information

| Brightera Engineering 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.

| Judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| The turnover shown in the profit and loss account represents amounts receivable for services supplied, exclusive of Value Added Tax.

| Amortisation

| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

| Goodwill Over 10 years

| 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.

| Tangible fixed assets

| All fixed assets are initially recorded at cost.

| Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

| Office equipment 25% per annum on cost

| Plant & machinery 20% per annum on cost

| Motor vehicles 20% per annum on written down value

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Notes to the Financial Statements - continued

for the year ended 30 September 2024

2. | Accounting policies - continued

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| 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 8 (2023 - 8 ) .

4. | Intangible fixed assets

Goodwill |

| £

| Cost

| At 1 October 2023

| and 30 September 2024 | 40,000 |  |

| Amortisation

| At 1 October 2023

| and 30 September 2024 | 40,000 |  |

| Net book value

| At 30 September 2024 | - |  |

| At 30 September 2023 | - |  |

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Notes to the Financial Statements - continued

for the year ended 30 September 2024

5. | Tangible fixed assets

Freehold | Plant and | Motor | Office |  |

property | machinery | vehicles | equipment | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 October 2023 | 500,000 |  | 581,563 |  | 28,245 |  | 31,915 |  | 1,141,723 |  |

| Additions | - |  | 5,000 |  | - |  | - |  | 5,000 |  |

| At 30 September 2024 | 500,000 |  | 586,563 |  | 28,245 |  | 31,915 |  | 1,146,723 |  |

| Depreciation

| At 1 October 2023 | - |  | 540,146 |  | 24,133 |  | 28,105 |  | 592,384 |  |

| Charge for year | - |  | 16,825 |  | 822 |  | 953 |  | 18,600 |  |

| At 30 September 2024 | - |  | 556,971 |  | 24,955 |  | 29,058 |  | 610,984 |  |

| Net book value

| At 30 September 2024 | 500,000 |  | 29,592 |  | 3,290 |  | 2,857 |  | 535,739 |  |

| At 30 September 2023 | 500,000 |  | 41,417 |  | 4,112 |  | 3,810 |  | 549,339 |  |

6. | Debtors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Trade debtors | 100,964 |  | 70,903 |  |

| Other debtors | 404 |  | 404 |  |

101,368 |  | 71,307 |  |

7. | Creditors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Bank loans and overdrafts | 9,566 |  | 9,566 |  |

| Other loans | 20,950 |  | 34,944 |  |

| Trade creditors | 33,506 |  | 32,902 |  |

| Corporation tax | 14,167 |  | 4,912 |  |

| Social security and other taxes | 3,853 |  | 3,582 |  |

| VAT | 13,608 |  | 21,264 |  |

| Other creditors | 5,367 |  | 3,537 |  |

| Directors' current accounts | 98,092 |  | 103,506 |  |

| Accruals and deferred income | 39,000 |  | 34,000 |  |

238,109 |  | 248,213 |  |

8. | Creditors: amounts falling due after more than one year |

2024 | 2023 |

| £ | £

| Bank loans - 1-2 years | 8,648 |  | 9,808 |  |

| Bank loans - 2-5 years | - |  | 8,896 |  |

8,648 |  | 18,704 |  |

9. | Provisions for liabilities

2024 | 2023 |

| £ | £

| Deferred tax | 7,065 |  | 8,510 |  |

BRIGHTERA ENGINEERING LIMITED (REGISTERED NUMBER: 02962171) |

Notes to the Financial Statements - continued

for the year ended 30 September 2024

9. | Provisions for liabilities - continued

Deferred tax |

| £

| Balance at 1 October 2023 | 8,510 |  |

| Provided during year | (1,445 | ) |

| Balance at 30 September 2024 | 7,065 |  |

10. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

11. | Reserves

Retained | Revaluation |

earnings | reserve | Totals |

| £ | £ | £

| At 1 October 2023 | 320,402 |  | 306,433 |  | 626,835 |  |

| Profit for the year | 41,978 |  | 41,978 |  |

| Dividends | (14,500 | ) | (14,500 | ) |

| At 30 September 2024 | 347,880 |  | 306,433 |  | 654,313 |  |