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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
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Big Blue Stuff Limited |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
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FOR |
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Big Blue Stuff Limited |
Big Blue Stuff Limited (Registered number: 04973606) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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Big Blue Stuff Limited |
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COMPANY INFORMATION |
for the year ended 31 May 2017 |
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Directors: |
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Secretary: |
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Registered office: |
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Business address: |
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Registered number: |
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Accountants: |
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129 North Hill |
Plymouth |
Devon |
PL4 8JY |
Big Blue Stuff Limited (Registered number: 04973606) |
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BALANCE SHEET |
31 May 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 3 |
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Current assets |
Debtors | 4 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 5 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital | 6 |
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Retained earnings | ( |
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Shareholders' funds | ( |
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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. |
Big Blue Stuff Limited (Registered number: 04973606) |
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BALANCE SHEET - continued |
31 May 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Big Blue Stuff Limited (Registered number: 04973606) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Big Blue Stuff Limited is a private company, limited by shares, registered in England and |
Wales. The company's registered number, registered office address and business address |
can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration receivable, net of discounts and |
value added taxes. Turnover includes revenue earned from the rendering of services. |
Turnover from the rendering of services is recognised by the reference to the stage of |
completion of the contract. |
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Tangible fixed assets |
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Equipment | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & |
Loss Account, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of |
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated |
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences |
are taken into account in arriving at the operating result. |
Big Blue Stuff Limited (Registered number: 04973606) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), |
less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
initially recognised at transaction price including any transaction costs and subsequently |
measured at amortised cost determined using the effective interest method, less any |
impairment losses for bad and doubtful debts. |
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Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). |
Loans and other financial liabilities are initially recognised at transaction price net of any |
transaction costs and subsequently measured at amortised cost determined using the |
effective interest method. |
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3. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
Cost |
At 1 June 2016 |
and 31 May 2017 |
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Depreciation |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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Net book value |
At 31 May 2017 |
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At 31 May 2016 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Big Blue Stuff Limited (Registered number: 04973606) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary shares | £1 | 2,000 | 2,000 |
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7. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by its parent company Big Blue Stuff Group Limited a company |
incorporated in the UK. |