REGISTERED NUMBER: 03759351 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

BRIGHT NAILS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M L Lidbetter

REGISTERED OFFICE:

Units 6 & 7 Cherrycourt Way

Leighton Buzzard

LU7 4GP

REGISTERED NUMBER:

03759351 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

204,932

203,600

Tangible assets

5

17,366

49,267

222,298

252,867

CURRENT ASSETS

Stocks

325,944

387,748

Debtors

6

942,251

243,484

Cash at bank and in hand

38,794

383,464

1,306,989

1,014,696

CREDITORS

Amounts falling due within one year

7

302,572

86,419

NET CURRENT ASSETS

1,004,417

928,277

TOTAL ASSETS LESS CURRENT LIABILITIES

1,226,715

1,181,144

PROVISIONS FOR LIABILITIES

4,342

-

NET ASSETS

1,222,373

1,181,144

CAPITAL AND RESERVES

Called up share capital

100

-

Retained earnings

1,222,273

1,181,144

1,222,373

1,181,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 20 August 2026 and were signed by:

M L Lidbetter - Director

1.	STATUTORY INFORMATION

Bright Nails 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2025

203,600

Additions

1,400

At 30 April 2026

205,000

AMORTISATION

Charge for year

68

At 30 April 2026

68

NET BOOK VALUE

At 30 April 2026

204,932

At 30 April 2025

203,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

139,174

Additions

5,600

Disposals

(16,667

)

At 30 April 2026

128,107

DEPRECIATION

At 1 May 2025

89,907

Charge for year

24,659

Eliminated on disposal

(3,825

)

At 30 April 2026

110,741

NET BOOK VALUE

At 30 April 2026

17,366

At 30 April 2025

49,267

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

233,720

243,484

Amounts owed by group undertakings

691,992

-

Other debtors

16,539

-

942,251

243,484

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

40,893

20,670

Taxation and social security

128,937

61,190

Other creditors

132,742

4,559

302,572

86,419

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Other loans

106,124

-

The company operates an invoice finance facility under which certain trade receivables are assigned as security. At the balance sheet date, amounts drawn under the facility totalled £106,124 (2025: £nil).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

2026

2025

£

£

M L Lidbetter

Balance outstanding at start of year

-

-

Amounts advanced

39

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39

-

Also, during the year, J Harrison introduced his loan to the company. As at 30 April 2026 the company owed him £1,187.

These balances represented the maximum amount outstanding during the year and the loans are interest free and repayable on demand.