Company Registration No. 5528069 (England and Wales)
Big On Bouncing Limited
Unaudited accounts
for the year ended 31 August 2018
Big On Bouncing Limited
Unaudited accounts
Contents
Big On Bouncing Limited
Company Information
for the year ended 31 August 2018
Directors
Mrs. K. E. Quinn
Mr. W. Quinn
Company Number
5528069 (England and Wales)
Registered Office
17 Wendover Road
Burnham
SL1 7ND
Accountants
The Straightener Limited
83 Ducie Street
Manchester
M1 2JQ
Big On Bouncing Limited
Statement of financial position
as at
31 August 2018
Tangible assets
21,849
29,022
Cash at bank and in hand
23,716
23,229
Creditors: amounts falling due within one year
(48,875)
(55,984)
Net current liabilities
(13,566)
(21,301)
Total assets less current liabilities
8,283
7,721
Provisions for liabilities
Deferred tax
(4,152)
(5,061)
Called up share capital
2
2
Profit and loss account
4,129
2,658
Shareholders' funds
4,131
2,660
For the year ending 31 August 2018 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 24 May 2019.
Mrs. K. E. Quinn
Director
Company Registration No. 5528069
Big On Bouncing Limited
Notes to the Accounts
for the year ended 31 August 2018
Big On Bouncing Limited is a private company, limited by shares, registered in England and Wales, registration number 5528069. The registered office is 17 Wendover Road, Burnham, SL1 7ND.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%/33%/50% per annum straight line basis
Fixtures & fittings
25% per annum straight line basis
Computer equipment
33% per annum straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Big On Bouncing Limited
Notes to the Accounts
for the year ended 31 August 2018
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2017
80,604
893
734
82,231
Additions
10,015
-
-
10,015
Disposals
(1,446)
-
-
(1,446)
At 31 August 2018
89,173
893
734
90,800
At 1 September 2017
51,582
893
734
53,209
Charge for the year
17,188
-
-
17,188
On disposals
(1,446)
-
-
(1,446)
At 31 August 2018
67,324
893
734
68,951
At 31 August 2018
21,849
-
-
21,849
At 31 August 2017
29,022
-
-
29,022
Accrued income and prepayments
733
733
Other debtors
10,058
9,821
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
1,704
1,858
Loans from directors
45,290
52,614
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts due to director
31,530
-
7,336
24,194
Amounts due to director
21,084
12
-
21,096
8
Average number of employees
During the year the average number of employees was 3 (2017: 3).