BIG FISH FILMS (NI) LTD
10 CHELTENHAM GARDENS
BELFAST
BT6 OHS
Reg No : NI 605058
ABRIDGED ACCOUNTS FOR THE YEAR ENDED 31st JANUARY 2017
Kearney & Co
Chartered Accountants
Suite 1, Fountain Centre
College Street
Belfast BT1 6ET
Page 1
INDEPENDENT ACCOUNTANTS' REPORT ON THE UNAUDITED
ACCOUNTS OF BIG FISH (NI) LTD
As described on the Statement of Financial Position you are responsible for the preparation
of the Abbreviated Accounts for the year ended 31st January 2017 and you consider that
the company is exempt from an audit under the Companies Act 2006 Section 476.
In accordance with your instructions, we have compiled these unaudited Abbreviated
Accounts, in order to assist you to fulfil your statutory responsibilities, from the
accounting records and information and explanations supplied to us.
Date :
Kearney & Co
Chartered Accountants
Suite 1, Fountain Centre
College Street
Belfast BT1 6ET
Page 2
BIG FISH FILMS (NI) LTD
ABRIDGED STATEMENT OF FINANCIAL POSITION
AS AT 31st JANUARY 2017
2017
2016
FIXED ASSETS
Tangible Assets
2,188
2,918
Intangible Assets
250
250
2,438
3,168
CURRENT ASSETS
Debtors
78,892
13,936
Cash at Bank and in Hand
8,093
12,814
86,985
26,750
CURRENT LIABILITIES
Creditors:
(Amounts falling due within one year)
12,915
10,085
Taxation and Social Security
12,437
2,758
25,352
12,843
NET CURRENT (LIABILITIES)
61,633
13,907
64,071
17,075
Creditors :
(Amounts falling due after one year)
0
0
TOTAL NET ASSETS
£64,071
£17,075
CAPITAL AND RESERVES
Called up Share Capital
100
100
Retained Earnings
63,971
16,975
EQUITY SHAREHOLDERS FUND
£64,071
£17,075
In preparing these financial statements :
for the year ended 31st January 2017 the Company was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companies.
Directors Responsibilities:
(1) The members have not required the Company to obtain an audit of its accounts
for the year in question in accordance with section 476,
(2) The directors acknowledge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions
applicable to companies subject to the small companies regime.
Approved by the Directors :
Mr Kevin Jackson
Date
Director
Page 3
BIG FISH FILMS (NI) LTD
NOTES TO THE ABRIDGED ACCOUNTS FOR THE YEAR ENDED
31st JANUARY 2017
1.
PRINCIPLE ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing
with items which are considered material in relation to the company's financial
statements.
Big Fish Films (NI) Ltd is a company incorporated in Northern Ireland.
The company's financial statements have been prepared in compliance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102")
as it applies to the financial statements of the company for the year ended 31st January 2017.
The company transitioned from previously extant UK GAAP to FRS 102 as at 1st February 2016.
The transition has had no effects on the reported financial position or prior financial position.
(a)
Basis of Preparation
The financial statements have been prepared in accordance with accounting standards
comprising the Companies Act 2006. Accounting standards generally accepted in
preparing financial statements giving a true and fair view are those published by the
Institute of Chartered Accountants and issued by the Accounting Standards.
(b)
Turnover
Turnover is stated net of Vat and similar taxes and derives from the production
of work falling within the company's ordinary activities.
(c)
Profit Before Taxation
The profit before taxation has been arrived at after giving effect to all transactions
reflecting production activities during the year. It is the company's policy to show
separately any material exceptional profits or losses.
(d)
Fixed Assets
Fixed Assets are stated at cost.
Depreciation of the Fixed Assets is calculated to write off the net cost over their
estimated useful lives, by the reducing balance method at the following rates:
Fixtures, Fittings and Equipment
20%
per annum
Page 4
BIG FISH FILMS (NI) LTD
NOTES TO THE ABRIDGED ACCOUNTS FOR THE YEAR ENDED
31st JANUARY 2017
[Note 1 continued]
(g)
Deferred Taxation
Deferred tax arises from timing differences that are differences between taxable profits and total
comprehensive income as stated in the financial statements. These timing difference 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 recognised on all timing differences at the reporting date except for certain
exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is
probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively
enacted by the period end and that are expected to apply to the reversal of the timing difference.
2.
SHARE CAPITAL
AUTHORISED
2017
2016
100 Ordinary Shares of £1 each
100
100
ALLOTTED, ISSUED AND FULLY PAID
100 Ordinary Share of £1
100
100