1 Bright Star Payment Solutions Ltd SC820391 false 2024-08-23 2025-08-31 2025-08-31 The principal activity of the company is Trade of electricity & gas Digita Accounts Production Advanced 6.30.9574.0 true SC820391 2024-08-23 2025-08-31 SC820391 2025-08-31 SC820391 core:CurrentFinancialInstruments 2025-08-31 SC820391 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 SC820391 bus:SmallEntities 2024-08-23 2025-08-31 SC820391 bus:AuditExemptWithAccountantsReport 2024-08-23 2025-08-31 SC820391 bus:FilletedAccounts 2024-08-23 2025-08-31 SC820391 bus:SmallCompaniesRegimeForAccounts 2024-08-23 2025-08-31 SC820391 bus:RegisteredOffice 2024-08-23 2025-08-31 SC820391 bus:Director1 2024-08-23 2025-08-31 SC820391 bus:PrivateLimitedCompanyLtd 2024-08-23 2025-08-31 SC820391 countries:Scotland 2024-08-23 2025-08-31 xbrli:pure iso4217:GBP

Registration number: SC820391

Bright Star Payment Solutions Ltd
Unaudited Financial Statements
for the Period from 23 August 2024 to 31 August 2025

Bright Star Payment Solutions Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Bright Star Payment Solutions Ltd

(Registration number: SC820391)
Statement of Financial Position as at 31 August 2025

| Note | 2025 £
Current assets |  |
Debtors | 4 | 625
Creditors: Amounts falling due within one year | 5 | (820)
Net liabilities |  | (195)
Capital and reserves |  |
Called up share capital |  | 1
Retained earnings |  | (196)
Shareholders' deficit |  | (195)

For the financial period ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 21 August 2026

......................................... Mr DJ Broughton Director

Bright Star Payment Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 23 August 2024 to 31 August 2025

1 | General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
Unit 24, Arbroath Business Centre
31 Dens Road
ARBROATH
Angus
DD11 1RS

These financial statements were authorised for issue by the director on 21 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Bright Star Payment Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 23 August 2024 to 31 August 2025

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Bright Star Payment Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 23 August 2024 to 31 August 2025

3 | Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1.

4 | Debtors

Current | Note | 2025 £
Amounts owed by related parties |  | 625
|  | 625

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Accruals and deferred income | 770
Other creditors | 50
| 820