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REGISTERED NUMBER: 05329338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THE BRIGHT SIDE OF LIFE LIMITED

THE BRIGHT SIDE OF LIFE LIMITED (REGISTERED NUMBER: 05329338) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE BRIGHT SIDE OF LIFE LIMITED |

COMPANY INFORMATION

For The Year Ended 31 January 2025

| DIRECTOR: | Mr S A Gee

| REGISTERED OFFICE: | 3 Park Square

| Leeds

| LS1 2NE

| REGISTERED NUMBER: | 05329338 (England and Wales)

| ACCOUNTANTS: | Fortus Limited

| 3 Park Square East

| Leeds

| LS1 2NE

THE BRIGHT SIDE OF LIFE LIMITED (REGISTERED NUMBER: 05329338) |

BALANCE SHEET

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 140,000 |  | 140,000 |  |

CURRENT ASSETS

Debtors | 5 | 15,023 |  | 15,090 |  |

Cash at bank | 3,471 |  | 946 |  |

18,494 |  | 16,036 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,332 |  | 3,478 |  |

NET CURRENT ASSETS | 12,162 |  | 12,558 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 152,162 |  | 152,558 |  |

PROVISIONS FOR LIABILITIES | 7 | 10,000 |  | 10,000 |  |

NET ASSETS | 142,162 |  | 142,558 |  |

CAPITAL AND RESERVES

Called up share capital | 1,502 |  | 1,502 |  |

Fair value reserve | 82,752 |  | 82,752 |  |

Retained earnings | 57,908 |  | 58,304 |  |

SHAREHOLDERS' FUNDS | 142,162 |  | 142,558 |  |

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 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 9 January 2026 and were signed by:

Mr S A Gee - Director

THE BRIGHT SIDE OF LIFE LIMITED (REGISTERED NUMBER: 05329338) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| The Bright Side of Life Limited 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 as modified by the revaluation of certain assets.

| Significant judgements and estimates

| In applying the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

| The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The director has based his judgement on his considerable experience and understanding of the product and its marketplace.

| Turnover

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

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| 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.

THE BRIGHT SIDE OF LIFE LIMITED (REGISTERED NUMBER: 05329338) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2024

| and 31 January 2025 | 140,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | 140,000 |  |

| At 31 January 2024 | 140,000 |  |

| Fair value at 31 January 2025 is represented by:

£ |

| Valuation in 2025 | 83,680 |  |

| Cost | 56,320 |  |

140,000 |  |

| If the investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 83,680 |  | 83,680 |  |

| The investment property was valued on an open market basis on 31 January 2019 by the director .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Loan Debtors | 15,000 |  | 15,000 |  |

| Directors' current accounts | - |  | 67 |  |

| Tax | 23 |  | 23 |  |

15,023 |  | 15,090 |  |

THE BRIGHT SIDE OF LIFE LIMITED (REGISTERED NUMBER: 05329338) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 January 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Corporation tax | 4,630 |  | 1,978 |  |

| Directors' current accounts | 1,084 |  | - |  |

| Accrued expenses | 618 |  | 1,500 |  |

6,332 |  | 3,478 |  |

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 10,000 |  | 10,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 10,000 |  |

| Fair value gain |

| Balance at 31 January 2025 | 10,000 |  |

8. | DIRECTOR'S 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 S A Gee

| Balance outstanding at start of year | 67 |  | (217 | ) |

| Amounts advanced | 12,321 |  | 10,954 |  |

| Amounts repaid | (10,872 | ) | (10,670 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,516 |  | 67 |  |