ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Registered number: 09147197

Bright Frog Ltd

Annual report and unaudited financial statements - filing copy

31 August 2025


Bright Frog Ltd

Balance sheet

As at 31 August 2025

	31 August	31 July
	2025	2025
Note	£	£


Current assets
Debtors	5	416,673		460,880
Cash at bank and in hand		1,218,259		1,137,880
		1,634,932		1,598,760
Creditors: amounts falling due within one year	6	(169,542)		(182,815)
Net current assets			1,465,390		1,415,945

Net assets			1,465,390		1,415,945

Capital and reserves
Called up share capital	100	100
Profit and loss account	1,465,290	1,415,845
	1,465,390	1,415,945

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 June 2026.

J M Ranson

Director

The notes on pages 2 to 4 form part of these financial statements.


Bright Frog Ltd

Notes to the financial statements

Period ended 31 August 2025

1.	General information

The company is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is given in the company information page of this annual report.

2.	Statement of compliance

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’), and the Companies Act 2006.

3.Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

3.1

Basis of preparation

The financial statements are prepared on a going concern basis and under the historical cost convention. They are presented in pounds sterling and rounded to the nearest pound.

The current reporting period of 1 month from 31 July 2025 to 31 August 2025 is shorter compared to prior year reporting period of 12 months from 31 July 2024. This is due to the aquisition of the company by Praesto Consulting Group Ltd post year end. As such, comparative amounts presented in the financial statements are not directly comparable.

3.2

Going concern

The company meets its working capital requirements through its operating cash flows.

The director has prepared financial forecasts which indicate that the company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements.

After making enquiries, the directors have a reasonable expectation that the company has adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, the company continue to prepare the financial statements on a going concern basis.

3.3

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.

Time and material contracts
Turnover is recognised from time and material (T&M) contracts by reference to time spent.

Fixed price contracts
Turnover from fixed price contracts is recognised by reference to the time spent to date and the forecasted time to complete the project.


Bright Frog Ltd

Notes to the financial statements

Period ended 31 August 2025

3.Accounting policies (continued)

3.4

Current and deferred taxation

The taxation expense for the year comprises current and deferred tax and is recognised in the profit and loss account.

Current tax is the amount of income tax payable in respect of the taxable profit for the current or past reporting periods. It is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences arise from the inclusion of transactions and events in the financial statements in periods different from those in which they are assessed for tax.

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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

3.5

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances, bank loans and loans to or from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

3.6

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts.

3.7

Dividends

Dividends are recognised as a liability in the financial statements in the period in which they are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.


Bright Frog Ltd

Notes to the financial statements

Period ended 31 August 2025

Employees

The average monthly number of employees, including directors, during the period was 6 (31 July 2025: 6).

Debtors

					31 August	31 July
					2025	2025
					£	£


Trade debtors	410,586	460,401
Prepayments and accrued income	222	479
Deferred taxation	5,865	-
	416,673	460,880

Trade creditors	313	605
Corporation tax	146,857	132,370
Other taxation and social security	22,223	49,690
Accruals and deferred income	149	150
	169,542	182,815

7.	Post balance sheet events

On 1 September 2025 Praesto Consulting Group Ltd acquired 100% of the share capital of Bright Frog Ltd.