BRIGHT TOWERS LTD


Director	CRAIK, David James


Registered Address	33 Lynedoch Street
	Glasgow
	G3 6AA


Registered Number	SC637498 (Scotland)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		533,554		533,729
			533,554		533,729
Current assets
Debtors		6,559		5,789
Cash at bank and on hand		2,551		5,819
		9,110		11,608
Creditors amounts falling due within one year	4	(240,608)		(225,240)
Net current assets (liabilities)			(231,498)		(213,632)
Total assets less current liabilities			302,056		320,097
Creditors amounts falling due after one year	5		(275,417)		(294,167)
Net assets			26,639		25,930
Capital and reserves
Called up share capital			2		2
Profit and loss account			26,637		25,928
Shareholders' funds			26,639		25,930

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 26 September 2025, and are signed on its behalf by:

CRAIK, David James
Director
Registered Company No. SC637498

BRIGHT TOWERS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	533,033	2,443	535,476
At 31 December 24	533,033	2,443	535,476
Depreciation and impairment
At 01 January 24	-	1,747	1,747
Charge for year	-	175	175
At 31 December 24	-	1,922	1,922
Net book value
At 31 December 24	533,033	521	533,554
At 31 December 23	533,033	696	533,729

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	341	2,208
Bank borrowings and overdrafts	18,750	18,750
Taxation and social security	208	1,086
Other creditors	185,323	135,398
Accrued liabilities and deferred income	35,986	67,798
Total	240,608	225,240


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	275,417	294,167
Total	275,417	294,167