BRIGHT R&D LIMITED - Filleted accounts

Registered number

11790517

BRIGHT R&D LIMITED

Filleted Accounts

31 March 2026

BRIGHT R&D LIMITED
Registered number:		11790517
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		24,694			25,658

Current assets
Debtors	4	6,616			34,482
Cash at bank and in hand		719,571			971,348
		726,187			1,005,830

Creditors: amounts falling due within one year	5	(247,883)			(180,453)

Net current assets			478,304			825,377

Net assets			502,998			851,035

Capital and reserves
Called up share capital			2			2
Profit and loss account			502,996			851,033

Shareholders' funds			502,998			851,035

For the financial 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 in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Angela Browning
Director
Approved by the board on 30 June 2026

BRIGHT R&D LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	BRIGHT R&D LIMITED is a private company limited by shares and incorporated in England and Wales under company number 11790517. Its registered office is:
	5 Caxmere Drive
	Nottingham
	NG8 1GG

	1.1 Basis of preparation
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companyies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
	The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
	The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

	1.2 Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. Other income relates to interest receivable. Interest income is recognised using the effective interest method.

	1.3 Tangible fixed assets
	Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management. Depreciation is provided on all tangible fixed assets at rates which are calculated to write off the cost, less estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), of each asset on a systematic basis over its expected useful life of three years on a straight line basis.
	Profits and losses on the disposal of fixed assets are included in the calculation of profit for the period. The directors assess the company’s tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment, the directors calculate recoverable amount of the assets and compare this with the carrying amount. If recoverable amount is lower than carrying amount, the asset is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss for the period. Impairment losses are reversed when there is evidence that the reasons giving rise to the original impairment have ceased to apply. Impairment losses are reversed through profit and loss but only to the extent that the reversal does not increase the carrying amount of the asset to the amount which would have been stated, net of depreciation, had no impairment loss been recognised.

	1.4 Equity instruments
	Share capital issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on share capital are recognised as liabilities once they are no longer at the discretion of the company.

	1.5 Financial instruments

	The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
	Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
	Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price.


	1.6 Taxation
	The tax expense represents the sum of the tax currently payable and deferred tax.
	Current tax
	The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
	Deferred tax
	Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

	1.7 Employee benefits
	The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.


2	Employees	2026		2025
Number			Number

	The average monthly number of persons (including directors) employed by the company during the year was:	2		2


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 April 2025			64,185
	Additions			666
	At 31 March 2026			64,851

	Depreciation
	At 1 April 2025			38,527
	Charge for the year			1,630
	At 31 March 2026			40,157

	Net book value
	At 31 March 2026			24,694
	At 31 March 2025			25,658


4	Debtors	2026		2025
£			£

	Trade debtors	6,369		34,482
	Other debtors	247		-
		6,616		34,482


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Corporation tax	183,599		142,836
	Other taxation and social security costs	24,493		28,833
	Other creditors	39,791		8,784
		247,883		180,453


6	Share capital	2026		2025
£			£


	Allotted, called up and fully paid	2		2

		2		2