REGISTERED NUMBER: 08127457 (England and Wales)

Financial Statements for the Year Ended 31 July 2017

for

Bright Sky Solar Limited

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs T K Howie

S R Howie

SECRETARY:

REGISTERED OFFICE:

11 Whitby Avenue

Broadstone

Poole

Dorset

BH18 8HL

REGISTERED NUMBER:

08127457 (England and Wales)

ACCOUNTANTS:

Peter Marsh and Company

Chartered Certified Accountants

16 Pilsdon Drive

Canford Heath

Poole

Dorset

BH17 9EL

FIXED ASSETS

Property, plant and equipment

4

1,462

850

CURRENT ASSETS

Debtors

5

5,062

4,442

Cash at bank

22,950

24,312

28,012

28,754

CREDITORS

Amounts falling due within one year

6

17,898

14,214

NET CURRENT ASSETS

10,114

14,540

TOTAL ASSETS LESS CURRENT LIABILITIES

11,576

15,390

PROVISIONS FOR LIABILITIES

7

292

170

NET ASSETS

11,284

15,220

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

11,283

15,219

SHAREHOLDERS' FUNDS

11,284

15,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 May 2018 and were signed on its behalf by:

Mrs T K Howie - Director

1.	STATUTORY INFORMATION

Bright Sky Solar Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 August 2016

1,367

Additions

1,100

At 31 July 2017

2,467

DEPRECIATION

At 1 August 2016

517

Charge for year

488

At 31 July 2017

1,005

NET BOOK VALUE

At 31 July 2017

1,462

At 31 July 2016

850

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other debtors

5,062

4,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

4,667

-

Other creditors

13,231

14,214

17,898

14,214

7.	PROVISIONS FOR LIABILITIES

31.7.17

31.7.16

£

£

Deferred tax

292

170

Deferred

tax

£

Balance at 1 August 2016

170

Capital allowances

122

Balance at 31 July 2017

292

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 August 2016

15,219

Deficit for the year

(3,936

)

At 31 July 2017

11,283

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs T Howie, the director of the company, by virtue of her being the sole

shareholder in the company.