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Registered number: 10672957
Brightwall Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Brightwall Limited
Contents
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Brightwall Limited
Company Information
For The Year Ended 31 December 2024
Company Information
Director Ms S Catargiu
Company Number 10672957
Registered Office 1st Floor Unit 8 Bermer Place
Imperial Way
Watford
WD24 4AY
Accountants C.E. Hill & Co. Ltd
Chartered Accountants
Unit 6
Wheatley Business Centre
Wheatley
Oxford
OX33 1XW
Page 1
Page 2
Brightwall Limited
Company No. 10672957
Directors' Report For The Year Ended 31 December 2024
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Ms S Catargiu
Mr E Gutu Resigned 15/05/2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms S Catargiu
Director
18 September 2025
Page 2
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Brightwall Limited
Accountants' Report
For The Year Ended 31 December 2024
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Brightwall Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brightwall Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Brightwall Limited , as a body, in accordance with the terms of our engagement letter dated 25 May 2017. Our work has been undertaken solely to prepare for your approval the accounts of Brightwall Limited and state those matters that we have agreed to state to the directors of Brightwall Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brightwall Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Brightwall Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Brightwall Limited . You consider that Brightwall Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Brightwall Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
18 September 2025
C.E. Hill & Co. Ltd
Chartered Accountants
Unit 6
Wheatley Business Centre
Wheatley
Oxford
OX33 1XW
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Brightwall Limited
Profit and Loss Account
For The Year Ended 31 December 2024
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 7,854,750 8,081,661
Cost of sales (6,413,003 ) (7,278,052 )
GROSS PROFIT 1,441,747 803,609
Administrative expenses (883,616 ) (519,272 )
Other operating income 11,639 4,919
OPERATING PROFIT 569,770 289,256
Loss on disposal of fixed assets (3,025 ) (16,217 )
Other interest receivable and similar income 210 230
Interest payable and similar charges (278 ) (13,731 )
PROFIT BEFORE TAXATION 566,677 259,538
Tax on Profit (167,778 ) 53,293
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 398,899 312,831
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Brightwall Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 213,419 168,861
213,419 168,861
CURRENT ASSETS
Stocks 51,408 51,560
Debtors 5 1,512,026 1,024,101
Cash at bank and in hand 220,081 528,945
1,783,515 1,604,606
Creditors: Amounts Falling Due Within One Year 6 (942,709 ) (1,131,291 )
NET CURRENT ASSETS (LIABILITIES) 840,806 473,315
TOTAL ASSETS LESS CURRENT LIABILITIES 1,054,225 642,176
Creditors: Amounts Falling Due After More Than One Year 7 (94,417 ) (87,864 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,690 ) (26,211 )
NET ASSETS 921,118 528,101
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 921,018 528,001
SHAREHOLDERS' FUNDS 921,118 528,101
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Brightwall Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 directors acknowledge 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 financial statements were approved by the board of directors on 18 September 2025 and were signed on its behalf by:
Ms S Catargiu
Director
18 September 2025
The notes on pages 7 to 9 form part of these financial statements.
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Brightwall Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Brightwall Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10672957 . The registered office is 1st Floor Unit 8 Bermer Place, Imperial Way, Watford, WD24 4AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Brightwall Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 238,573 12,938 251,511
Additions 93,850 - 93,850
Disposals (13,000 ) - (13,000 )
As at 31 December 2024 319,423 12,938 332,361
Depreciation
As at 1 January 2024 76,134 6,516 82,650
Provided during the period 40,381 2,386 42,767
Disposals (6,475 ) - (6,475 )
As at 31 December 2024 110,040 8,902 118,942
Net Book Value
As at 31 December 2024 209,383 4,036 213,419
As at 1 January 2024 162,439 6,422 168,861
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Brightwall Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,210,160 876,557
Other debtors 301,866 147,544
1,512,026 1,024,101
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,393 29,878
Trade creditors 381,492 485,971
Bank loans and overdrafts 10,000 10,000
Other creditors 325,678 529,365
Taxation and social security 192,146 76,077
942,709 1,131,291
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 90,250 73,697
Bank loans 4,167 14,167
94,417 87,864
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,393 29,878
Later than one year and not later than five years 90,250 73,697
123,643 103,575
123,643 103,575
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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