REGISTERED NUMBER: 10563185 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BRIGHT TIGER BUILDERS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S T Birrane

Mrs P H Birrane

Mrs S B Cosgrove

Mr D P Cosgrove

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

10563185 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

14,688

24,148

CURRENT ASSETS

Stocks

5,500

5,500

Debtors

92,330

82,024

Cash at bank

208,798

52,890

306,628

140,414

CREDITORS

Amounts falling due within one year

317,040

134,764

NET CURRENT (LIABILITIES)/ASSETS

(10,412

)

5,650

TOTAL ASSETS LESS CURRENT LIABILITIES

4,276

29,798

CREDITORS

Amounts falling due after more than one year

3,334

29,238

NET ASSETS

942

560

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

542

160

SHAREHOLDERS' FUNDS

942

560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

Mr S T Birrane - Director

1.	STATUTORY INFORMATION

Bright Tiger Builders Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

67,934

Disposals

(14,914

)

At 31 January 2025

53,020

DEPRECIATION

At 1 February 2024

43,786

Charge for year

4,741

Eliminated on disposal

(10,195

)

At 31 January 2025

38,332

NET BOOK VALUE

At 31 January 2025

14,688

At 31 January 2024

24,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 February 2024

and 31 January 2025

30,917

DEPRECIATION

At 1 February 2024

16,063

Charge for year

3,713

At 31 January 2025

19,776

NET BOOK VALUE

At 31 January 2025

11,141

At 31 January 2024

14,854

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

13,334

23,333

Hire purchase contracts

-

19,373

13,334

42,706

Hire purchase contracts were secured over the assets to which they relate.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mr D P Cosgrove

Balance outstanding at start of year

(12,319

)

(27,619

)

Amounts advanced

34,000

15,300

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,681

(12,319

)

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £16,719 (2024 - £74,563) to the directors and was owed the amounts set out in the directors advances note above. These advances were repaid after the balance sheet date.