We Are Bright Island Limited

We Are Bright Island Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	5,753	736
		5,753	736
Current assets
Debtors	4	14,296	0
Cash at bank and in hand		16,322	28,726
		30,618	28,726
Creditors: amount falling due within one year	5	(12,046)	(14,080)
Net current assets		18,572	14,646

Total assets less current liabilities		24,325	15,382
Provisions for liabilities	6	(140)	(140)
Net assets		24,185	15,242

Capital and reserves
Called up share capital		100	100
Profit and loss account		24,085	15,142
Shareholders' funds		24,185	15,242

For the year ended 31 March 2026 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 year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 29 September 2026 and were signed by:

-------------------------------
Emma Castle
Director

We Are Bright Island Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

We Are Bright Island Limited is a private company, limited by shares, registered in England and Wales, registration number 15566177, registration address Studio 1, 51 Hawley Square, Margate, CT9 1NY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 1).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2025	982	-	982
Additions	4,418	2,099	6,517
Disposals	-	-	-
At 31 March 2026	5,400	2,099	7,499
Depreciation
At 01 April 2025	246	-	246
Charge for year	1,080	420	1,500
On disposals	-	-	-
At 31 March 2026	1,326	420	1,746
Net book values
Closing balance as at 31 March 2026	4,074	1,679	5,753
Opening balance as at 01 April 2025	736	-	736

Debtors: amounts falling due within one year

	2026 £		2025 £
Trade Debtors	13,240		0
VAT	1,056		0
	14,296		0

Creditors: amount falling due within one year

	2026 £	2025 £
Corporation Tax	3,561	7,256
Accrued Expenses	1,956	2,310
Other Creditors	(1)	0
Wages & Salaries Control Account	1,048	758
Directors' Current Accounts	5,482	0
VAT	0	3,756
	12,046	14,080

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	140		140
	140		140