REGISTERED NUMBER: 02962171 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

BRIGHTERA ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

P Mayersbeth

J Mayersbeth

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

02962171 (England and Wales)

Accountants:

Slough

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.

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

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.

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

-

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

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