Brightline Communications Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Brightline Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07036794 . The registered office is 1 Days Acre, Sanderstead, CR2 0ER.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	33% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Brightline Communications Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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.

Basic financial assets: which include trade debtors and other debtors, and cash and bank balances, are initially measured at their transaction price adjusted for transaction costs, (except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently measured at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Classification of financial liabilities: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities: which include trade and other creditors, bank loans, loans from fellow group companies, other loans and preference shares that are classified as debt, are initially measued at their transaction price adjusted for transaction costs, (except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss) and are subsequently measured at their amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at their amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable including trade creditors, are classified as current liabilities if the payment is due within one year. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at their transaction price and are subsequently measured at amortised cost using the effective interest method.

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Brightline Communications Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	16,671	30,596	7,475	54,742
Additions	-	-	2,011	2,011

As at 31 October 2025	16,671	30,596	9,486	56,753

...CONTINUED

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Brightline Communications Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Depreciation
As at 1 November 2024	11,814	7,649	5,759	25,222
Provided during the period	1,214	5,737	1,198	8,149

As at 31 October 2025	13,028	13,386	6,957	33,371

Net Book Value
As at 31 October 2025	3,643	17,210	2,529	23,382

As at 1 November 2024	4,857	22,947	1,716	29,520

5. Stocks

	2025	2024
	£	£
Stock	20,000	40,000
Work in progress	5,000	20,000

	25,000	60,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	148,936	141,845

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	36,558	19,434
Corporation tax	31,935	17,491
Other taxes and social security	7,572	6,803
VAT	53,225	47,207
Accruals and deferred income	2,391	4,299
Directors' loan accounts	43,486	73,827

	175,167	169,061

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Brightline Communications Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Related Party Transactions

During the year, the directors' current account was credited with £1,200 (2024 - £1,200) for the annual use of storage facilities for material purchases and stock, and £1,250 (2024 - £1,250) for the use of home as office.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,382		29,520

			23,382		29,520
CURRENT ASSETS
Stocks	5	25,000		60,000
Debtors	6	148,936		141,845
Cash at bank and in hand		89,141		73,477

		263,077		275,322
Creditors: Amounts Falling Due Within One Year	7	(175,167 )		(169,061 )

NET CURRENT ASSETS (LIABILITIES)			87,910		106,261

TOTAL ASSETS LESS CURRENT LIABILITIES			111,292		135,781

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,628 )		(2,237 )

NET ASSETS			109,664		133,544

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			109,564		133,444

SHAREHOLDERS' FUNDS			109,664		133,544