Registration number: 12501059

Bright Consulting Services Limited

(Registration number: 12501059)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	391,467	402,446
Cash at bank and in hand		148,676	167,974
		540,143	570,420
Creditors: Amounts falling due within one year	5	(404,516)	(481,087)
Net assets		135,627	89,333
Capital and reserves
Called up share capital		100	100
Profit and loss account		135,527	89,233
Shareholders' funds		135,627	89,333

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr I Tumbev Director

Bright Consulting Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 30 September 2025 was Lucy Evans FCA, who signed for and on behalf of Stewart & Co Accountants LLP.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange
rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are
translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bright Consulting Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Debtors

	2024 £	2023 £
Trade debtors	161,668	232,760
Other debtors	12,832	37
Prepayments	216,967	169,649
	391,467	402,446

Bright Consulting Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Trade creditors		54,530	101,788
Amounts owed to group undertakings and undertakings in which the company has a participating interest	6	180,212	176,794
Taxation and social security		15,306	11,814
Accruals and deferred income		154,468	190,691
		404,516	481,087

6	Related party transactions

At the year end the company owed £180,212 (2023: £176,794) to Bright Consulting JSC, a company registered in Bulgaria, who is the immediate parent undertaking.

7	Parent and ultimate parent undertaking

The company's immediate parent is Bright Consulting JSC, incorporated in Bulgaria.

 The ultimate parent is EQT AB, incorporated in Sweden.

  These financial statements are available upon request from Box 16409, Stockholm, 103 27, Sweden