Company Registration No. 09735329 (England and Wales)
Bright Nine Ltd
Unaudited accounts
for the year ended 30 September 2019
Bright Nine Ltd
Unaudited accounts
Contents
Bright Nine Ltd
Company Information
for the year ended 30 September 2019
Director
Joseph Michael Ashley
Company Number
09735329 (England and Wales)
Registered Office
OLIVIER HOUSE, PART 1ST & GROUND FLOOR 1
MARINE PARADE
BRIGHTON
BN2 1TL
ENGLAND
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Bright Nine Ltd
Statement of financial position
as at
30 September 2019
Tangible assets
9,194
3,308
Cash at bank and in hand
49,495
25,417
Creditors: amounts falling due within one year
(127,676)
(96,875)
Net current liabilities
(9,161)
(44,194)
Net assets/(liabilities)
33
(40,886)
Called up share capital
3
3
Profit and loss account
30
(40,889)
Shareholders' funds
33
(40,886)
For the year ending 30 September 2019 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.
Approved by the Board on 9 January 2020.
Joseph Michael Ashley
Director
Company Registration No. 09735329
Bright Nine Ltd
Notes to the Accounts
for the year ended 30 September 2019
Bright Nine Ltd is a private company, limited by shares, registered in England and Wales, registration number 09735329. The registered office is OLIVIER HOUSE, PART 1ST & GROUND FLOOR 1, MARINE PARADE, BRIGHTON, BN2 1TL, ENGLAND.
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 30 September 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2017.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
20% reducing balance
Bright Nine Ltd
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2018
-
-
3,831
3,831
Additions
2,468
3,363
2,720
8,551
At 30 September 2019
2,468
3,363
6,551
12,382
At 1 October 2018
-
-
523
523
Charge for the year
617
841
1,207
2,665
At 30 September 2019
617
841
1,730
3,188
At 30 September 2019
1,851
2,522
4,821
9,194
At 30 September 2018
-
-
3,308
3,308
Trade debtors
67,020
26,489
Accrued income and prepayments
-
775
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
24,688
4,235
Taxes and social security
22,947
8,471
Other creditors
31,241
81,001
Loans from directors
-
(750)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
-
2,000
-
2,000
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).