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Company Registration No. 06170716 (England and Wales)
Bright Light Innovation Limited Unaudited accounts for the year ended 31 March 2025
Bright Light Innovation Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bright Light Innovation Limited Company Information for the year ended 31 March 2025
Director
Mr S.S. Judah
Company Number
06170716 (England and Wales)
Registered Office
11 Homewood Avenue Cuffley Potters Bar Hertfordshire EN6 4QG England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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Bright Light Innovation Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,622
1,728
Investments
5
60,300
60,300
61,922
62,028
Current assets
Inventories
8,360
8,360
Debtors
6
2,090
2,082
Cash at bank and in hand
126,040
142,721
136,490
153,163
Creditors: amounts falling due within one year
7
(111,504)
(122,359)
Net current assets
24,986
30,804
Total assets less current liabilities
86,908
92,832
Provisions for liabilities
Deferred tax
8
(406)
(458)
Net assets
86,502
92,374
Capital and reserves
Called up share capital
100
100
Profit and loss account
86,402
92,274
Shareholders' funds
86,502
92,374
For the year ending 31 March 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2025 and were signed on its behalf by
Mr S.S. Judah Director Company Registration No. 06170716
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Bright Light Innovation Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Bright Light Innovation Limited is a private company, limited by shares, registered in England and Wales, registration number 06170716. The registered office is 11 Homewood Avenue, Cuffley, Potters Bar, Hertfordshire, EN6 4QG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on a Straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
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Bright Light Innovation Limited Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
8,119
Additions
435
At 31 March 2025
8,554
Depreciation
At 1 April 2024
6,391
Charge for the year
541
At 31 March 2025
6,932
Net book value
At 31 March 2025
1,622
At 31 March 2024
1,728
5
Investments
Other investments
£
Valuation at 1 April 2024
60,300
Valuation at 31 March 2025
60,300
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
90
82
Other debtors
2,000
2,000
2,090
2,082
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Bright Light Innovation Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,957
4,336
Trade creditors
124
438
Taxes and social security
7,989
16,675
Other creditors
-
300
Loans from directors
99,496
99,576
Accruals
938
1,034
111,504
122,359
The director's loan account is repayable on demand.
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
406
458
2025
2024
£
£
Provision at start of year
458
415
(Credited)/charged to the profit and loss account
(52)
43
Provision at end of year
406
458
9
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,824
5,824
Later than one year and not later than five years
5,338
11,162
11,162
16,986
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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