| Registered Number:10678545 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
W M Bright Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
W M Bright Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
998,067
789,408
2
998,067
789,408
475,555
421,000
3
| Trade and other receivables |
112,542
460,314
4
171,730
| Cash and cash equivalents |
164,121
1,045,435
759,827
| Trade and other payables: amounts falling due within one |
| year |
(697,107)
(920,860)
5
62,720
124,575
Net current assets
| Total assets less current liabilities |
1,122,642
852,128
| Trade and other payables: amounts falling due after more |
| than one year |
(395,119)
(406,232)
6
(175,470)
-
| Provisions for liabilities |
540,940
Net assets
457,009
100
100
540,840
456,909
540,940
457,009
Shareholders' funds
| For the year ended 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 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
W M Bright Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 22 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
W M Bright Ltd
Notes to the Financial Statements
Statutory Information
| W M Bright Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 10678545. |
Oak View Broadhayes Farm
Stockland
Honiton
Devon
EX14 9EL
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Furniture and Fittings
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| 2. Property, plant and equipment |
1,347,671
1,461
1,165,637
180,573
352,272
-
331,580
20,692
201,265
1,497,217
1,461
1,699,943
| Provision for depreciation and impairment |
558,263
501
548,636
9,126
Charge for year
143,613
192
139,395
4,026
701,876
693
688,031
13,152
188,113
809,186
768
998,067
171,447
617,001
960
789,408
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For the year ended 31 March 2025
W M Bright Ltd
Notes to the Financial Statements Continued
2024
2025
421,000
475,555
| 4. Trade and other receivables |
2024
2025
433,872
47,761
26,442
64,781
112,542
460,314
| The debtors above include the following amounts falling due after more than one year: |
18,978
-
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
612,162
384,912
191,118
218,149
| Taxation and social security |
31,272
13,051
86,308
80,995
920,860
697,107
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
260,125
304,941
146,107
90,178
406,232
395,119
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For the year ended 31 March 2025
W M Bright Ltd
Notes to the Financial Statements Continued
| 7. Related party transactions |
| The company owes the director £115 at the year end (2024: £38,228). The loan is interest free, repayable on |
| demand and included in other creditors. |
| 8. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
| These financial statements are the first prepared in accordance with FRS 102 Section 1A. The company previously |
| prepared its financial statements under the micro-entities regime (FRS 105). |
| The principal differences arising on transition relate to the recognition of deferred taxation and the increased |
| disclosure requirements under FRS 102. |
| On transition to FRS 102, deferred tax has been recognised in respect of timing differences. This resulted in a |
| reduction in opening reserves of £114,054. |
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