REGISTERED NUMBER: 10828915 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Bright Earth Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

25,242

16,943

CURRENT ASSETS

Stocks

5

35,202

32,637

Debtors

6

74,320

107,856

Cash at bank

35,757

55,985

145,279

196,478

CREDITORS

Amounts falling due within one year

7

(94,719

)

(105,061

)

NET CURRENT ASSETS

50,560

91,417

TOTAL ASSETS LESS CURRENT LIABILITIES

75,802

108,360

CREDITORS

Amounts falling due after more than one year

8

(1,499

)

(7,397

)

PROVISIONS FOR LIABILITIES

(1,596

)

(4,236

)

NET ASSETS

72,707

96,727

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

72,605

96,625

72,707

96,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 November 2025 and were signed by:

J S F Abington - Director

1.	STATUTORY INFORMATION

Bright Earth Limited is a private company, limited by shares, registered in England and Wales, registration number 10828915. The registered office is Suite 2A, 7th Floor - PF City Reach, 5 Greenwich View Place, London, E14 9NN.

The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured, reliably: and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery - 25% on cost

Fixtures and fittings - 15% on cost

Computer equipment - 33% on cost.

Motor Vehicle - 25% on Cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

41,283

5,654

-

6,432

53,369

Additions

529

-

23,000

-

23,529

At 30 June 2025

41,812

5,654

23,000

6,432

76,898

DEPRECIATION

At 1 July 2024

29,734

1,878

-

4,814

36,426

Charge for year

7,770

848

5,750

862

15,230

At 30 June 2025

37,504

2,726

5,750

5,676

51,656

NET BOOK VALUE

At 30 June 2025

4,308

2,928

17,250

756

25,242

At 30 June 2024

11,549

3,776

-

1,618

16,943

5.

STOCKS

30.6.25

30.6.24

£

£

Stocks

35,202

32,637

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

58,787

59,665

Other debtors

15,533

48,191

74,320

107,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

3,906

13,696

Taxation and social security

67,035

65,787

Other creditors

23,778

25,578

94,719

105,061

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

1,499

7,397

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company had an overdrawn balance on the director’s loan account. The amount owed by the director at the year ended 31 June 2025 was £1,011 (2024: nil). The loan was interest free, repayable on demand and was unsecured. The full balance was repaid within nine months of the reporting date.