Company Registration No. 06598593 (England and Wales)
Bright White Space Limited
Unaudited accounts
for the year ended 31 May 2020
Bright White Space Limited
Unaudited accounts
Contents
Bright White Space Limited
Company Information
for the year ended 31 May 2020
Director
Mark Barnaby Jeffries
Company Number
06598593 (England and Wales)
Registered Office
The Machinery Store
Treravel Farm
St Ervan, Wadebridge
Cornwall
PL27 7RS
Accountants
Stratford Tax Studio
57a Henley Street
Stratford upon Avon
Warwickshire
CV37 6PT
Bright White Space Limited
Statement of financial position
as at
31 May 2020
Tangible assets
1,920
104
Cash at bank and in hand
102,187
118,073
Creditors: amounts falling due within one year
64,806
(40,479)
Net current assets
201,101
117,672
Total assets less current liabilities
203,021
117,776
Creditors: amounts falling due after more than one year
(96,227)
-
Net assets
106,794
117,776
Called up share capital
106
106
Profit and loss account
106,688
117,670
Shareholders' funds
106,794
117,776
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2020 and were signed on its behalf by
Mark Barnaby Jeffries
Director
Company Registration No. 06598593
Bright White Space Limited
Notes to the Accounts
for the year ended 31 May 2020
Bright White Space Limited is a private company, limited by shares, registered in England and Wales, registration number 06598593. The registered office is The Machinery Store, Treravel Farm, St Ervan, Wadebridge, Cornwall, PL27 7RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
1,192
Bright White Space Limited
Notes to the Accounts
for the year ended 31 May 2020
Trade debtors
33,414
40,078
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
26,845
33,653
Loans from directors
(92,807)
5,506
7
Creditors: amounts falling due after more than one year
2020
2019
Funding Circle Loan of £99,546 dated 23 March 2020 for a term of 6 years at a rate of 9.9% repayable in monthly instalments. Security has been provided by the shareholders.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 1 (2019: 3).