Company Registration No. 5528069 (England and Wales)
Big On Bouncing Limited
Unaudited accounts
for the year ended 31 August 2022
Big On Bouncing Limited
Unaudited accounts
Contents
Big On Bouncing Limited
Company Information
for the year ended 31 August 2022
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 2022
Tangible assets
46,399
30,903
Cash at bank and in hand
71,407
59,972
Creditors: amounts falling due within one year
(92,771)
(35,570)
Net current assets
57,224
37,113
Total assets less current liabilities
103,623
68,016
Creditors: amounts falling due after more than one year
(10,640)
(14,594)
Provisions for liabilities
Deferred tax
(11,599)
(5,871)
Called up share capital
2
2
Profit and loss account
81,382
47,549
Shareholders' funds
81,384
47,551
For the year ending 31 August 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2023 and were signed on its behalf by
Mrs. K. E. Quinn
Director
Company Registration No. 5528069
Big On Bouncing Limited
Notes to the Accounts
for the year ended 31 August 2022
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Big On Bouncing Limited
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2021
103,762
9,076
734
113,572
Additions
25,449
9,171
-
34,620
Disposals
(8,140)
-
-
(8,140)
At 31 August 2022
121,071
18,247
734
140,052
At 1 September 2021
76,467
5,468
734
82,669
Charge for the year
15,196
3,928
-
19,124
On disposals
(8,140)
-
-
(8,140)
At 31 August 2022
83,523
9,396
734
93,653
At 31 August 2022
37,548
8,851
-
46,399
At 31 August 2021
27,295
3,608
-
30,903
Amounts falling due within one year
Accrued income and prepayments
56,736
1,988
Other debtors
20,763
10,013
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,046
4,046
Taxes and social security
13,438
1,663
Loans from directors
56,223
22,365
7
Creditors: amounts falling due after more than one year
2022
2021
Big On Bouncing Limited
Notes to the Accounts
for the year ended 31 August 2022
8
Operating lease commitments
2022
2021
At 31 August 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
166,638
188,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts due to director
10,507
38,003
20,000
28,510
Amounts due to director
11,858
35,855
20,000
27,713
22,365
73,858
40,000
56,223
10
Average number of employees
During the year the average number of employees was 10 (2021: 4).