REGISTERED NUMBER: 13239982 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bright Tide Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Guyer

H Wright

Professor J E Baillie

REGISTERED OFFICE:

25 Ives Street

London

SW3 2ND

REGISTERED NUMBER:

13239982 (England and Wales)

ACCOUNTANTS:

NT Accountancy

Chartered Accountants

43 Lynton Mead

London

N20 8DG

FIXED ASSETS

Tangible assets

4

3,124

3,505

CURRENT ASSETS

Debtors

5

22,564

34,744

Cash at bank

129,120

132,492

151,684

167,236

CREDITORS

Amounts falling due within one year

6

64,795

70,609

NET CURRENT ASSETS

86,889

96,627

TOTAL ASSETS LESS CURRENT LIABILITIES

90,013

100,132

PROVISIONS FOR LIABILITIES

-

666

NET ASSETS

90,013

99,466

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

99,999

99,999

Retained earnings

(9,988

)

(535

)

SHAREHOLDERS' FUNDS

90,013

99,466

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

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

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 24 November 2025 and were signed on its behalf by:

H Wright - Director

1.	STATUTORY INFORMATION

Bright Tide 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.

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.

Revenue recognition

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

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The Company only enters into basic financial instrument transactions that results in the recognition of financial assets and liabilities.

The following assets and liabilities are classified as financial instruments-trade debtors, trade creditors and director's loans.

Directors' loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

-

4,070

4,070

Additions

618

-

618

At 31 March 2025

618

4,070

4,688

DEPRECIATION

At 1 April 2024

-

565

565

Charge for year

123

876

999

At 31 March 2025

123

1,441

1,564

NET BOOK VALUE

At 31 March 2025

495

2,629

3,124

At 31 March 2024

-

3,505

3,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,971

34,386

Prepayments and accrued income

2,593

358

22,564

34,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

35

22

Trade creditors

2,456

1,142

Social security and other taxes

28,985

28,634

Directors' current accounts

750

95

Accruals and deferred income

32,569

40,716

64,795

70,609