Bright Investments International Limited
|
For the year ended 30 November 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04323609
Bright Investments International Limited
For the year ended 30 November 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
|
Bright Investments International Limited
2015
2014
53,768
53,768
-
77
53,768
53,845
Creditors
:
amounts falling due within one year
|
(27,938)
(29,173)
25,907
24,595
Net current assets
Total assets less current liabilities
|
24,595
25,907
Creditors
:
amounts falling due after more than one year
|
2
(70,000)
(70,000)
(45,405)
Net liabilities
(44,093)
5,000
3
5,000
(50,405)
(49,093)
(45,405)
(44,093)
Shareholders funds
For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 31 August 2016
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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Bright Investments International Limited
For the year ended 30 November 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the shareholders.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Current asset investments
|
Current asset investments are stated at the lower of cost and net realisable value.
2014
2015
2
Creditors due after more than one year
|
70,000
70,000
Debt due after more than one year
:
|
Repayable between one and five years £
29
,
000
(
2014
-
£
29
,
000
)
|
Repayable in five years or more £
41
,
000
(
2014
-
£
41
,
000
)
|
10
,
000
Ordinary shares of £
1
.
00
each
|
2 of 3
Notes to the Abbreviated Financial Statements
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Bright Investments International Limited
For the year ended 30 November 2015
Allotted called up and fully paid
|
2015
2014
5
,
000
Ordinary shares of £
1
.
00
each
|
5,000
5,000
5,000
5,000
3 of 3