Company Registration No. 4436889 (England and Wales)
Bright World Guardianships Limited
Unaudited accounts
for the year ended 31 May 2019
Bright World Guardianships Limited
Unaudited accounts
Contents
Bright World Guardianships Limited
Company Information
for the year ended 31 May 2019
Directors
LE Foster
JI Foster
Company Number
4436889 (England and Wales)
Registered Office
Forge House, 105 High Street
Hurstpierpoint
West Sussex
BN6 9PU
Accountants
Keymer Haslam & Co
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
Bright World Guardianships Limited
Statement of financial position
as at
31 May 2019
Tangible assets
300,240
302,377
Cash at bank and in hand
934,344
858,125
Creditors: amounts falling due within one year
(187,522)
(92,856)
Net current assets
764,171
785,042
Total assets less current liabilities
1,064,411
1,087,419
Creditors: amounts falling due after more than one year
(31,360)
(44,583)
Net assets
1,033,051
1,042,836
Called up share capital
100
100
Profit and loss account
1,032,951
1,042,736
Shareholders' funds
1,033,051
1,042,836
For the year ending 31 May 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 directors acknowledge their 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 19 July 2019.
LE Foster
Director
Company Registration No. 4436889
Bright World Guardianships Limited
Notes to the Accounts
for the year ended 31 May 2019
Bright World Guardianships Limited is a private company, limited by shares, registered in England and Wales, registration number 4436889. The registered office is Forge House, 105 High Street, Hurstpierpoint, West Sussex, BN6 9PU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
25% reducing balance
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Bright World Guardianships Limited
Notes to the Accounts
for the year ended 31 May 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2018
293,828
43,993
337,821
At 31 May 2019
293,828
43,993
337,821
At 1 June 2018
-
35,444
35,444
Charge for the year
-
2,137
2,137
At 31 May 2019
-
37,581
37,581
At 31 May 2019
293,828
6,412
300,240
At 31 May 2018
293,828
8,549
302,377
Other debtors
17,349
19,773
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
14,496
14,400
Taxes and social security
29,360
57,203
Other creditors
141,600
19,187
Loans from directors
46
46
7
Creditors: amounts falling due after more than one year
2019
2018
8
Average number of employees
During the year the average number of employees was 14 (2018: 15).