Acorah Software Products - Accounts Production 12.4.002 false 6 December 2020 31 December 2021 31 December 2021 13065764 Mr Laurence Shahlaei Mrs Elizabeth Shahlaei iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13065764 2020-12-05 13065764 2021-12-31 13065764 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 2020-12-06 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 2021-12-31 13065764 frs-core:AfterOneYear 2020-12-06 2021-12-31 13065764 frs-core:BetweenOneFiveYears 2020-12-06 2021-12-31 13065764 frs-core:BetweenOneFiveYears 2021-12-31 13065764 frs-core:ComputerEquipment 2021-12-31 13065764 frs-core:ComputerEquipment 2020-12-06 2021-12-31 13065764 frs-core:ComputerEquipment 2020-12-05 13065764 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-12-31 13065764 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-12-06 2021-12-31 13065764 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-12-05 13065764 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 13065764 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-06 2021-12-31 13065764 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-05 13065764 frs-core:FurnitureFittings 2021-12-31 13065764 frs-core:FurnitureFittings 2020-12-06 2021-12-31 13065764 frs-core:FurnitureFittings 2020-12-05 13065764 frs-core:NetGoodwill 2021-12-31 13065764 frs-core:NetGoodwill 2020-12-06 2021-12-31 13065764 frs-core:NetGoodwill 2020-12-05 13065764 frs-core:InvestmentPropertyIncludedWithinPPE 2021-12-31 13065764 frs-core:InvestmentPropertyIncludedWithinPPE 2020-12-06 2021-12-31 13065764 frs-core:InvestmentPropertyIncludedWithinPPE 2020-12-05 13065764 frs-core:LandBuildings 2021-12-31 13065764 frs-core:LandBuildings 2020-12-06 2021-12-31 13065764 frs-core:LandBuildings 2020-12-05 13065764 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-12-31 13065764 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-12-06 2021-12-31 13065764 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-12-05 13065764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-12-31 13065764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-12-06 2021-12-31 13065764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-12-05 13065764 frs-core:MoreThanFiveYears 2020-12-06 2021-12-31 13065764 frs-core:MoreThanFiveYears 2021-12-31 13065764 frs-core:MotorVehicles 2021-12-31 13065764 frs-core:MotorVehicles 2020-12-06 2021-12-31 13065764 frs-core:MotorVehicles 2020-12-05 13065764 frs-core:OtherResidualIntangibleAssets 2021-12-31 13065764 frs-core:OtherResidualIntangibleAssets 2020-12-06 2021-12-31 13065764 frs-core:OtherResidualIntangibleAssets 2020-12-05 13065764 frs-core:PlantMachinery 2021-12-31 13065764 frs-core:PlantMachinery 2020-12-06 2021-12-31 13065764 frs-core:PlantMachinery 2020-12-05 13065764 frs-core:Secured 2021-12-31 13065764 frs-core:Unsecured 2021-12-31 13065764 frs-core:WithinOneYear 2020-12-06 2021-12-31 13065764 frs-core:WithinOneYear 2021-12-31 13065764 frs-core:CapitalRedemptionReserve 2020-12-06 2021-12-31 13065764 frs-core:CapitalRedemptionReserve 2020-12-05 13065764 frs-core:CapitalRedemptionReserve 2021-12-31 13065764 frs-core:OtherReservesSubtotal 2020-12-06 2021-12-31 13065764 frs-core:OtherReservesSubtotal 2020-12-05 13065764 frs-core:OtherReservesSubtotal 2021-12-31 13065764 frs-core:RevaluationReserve 2020-12-06 2021-12-31 13065764 frs-core:RevaluationReserve 2020-12-05 13065764 frs-core:RevaluationReserve 2021-12-31 13065764 frs-core:SharePremium 2020-12-06 2021-12-31 13065764 frs-core:SharePremium 2020-12-05 13065764 frs-core:SharePremium 2021-12-31 13065764 frs-core:ShareCapital 2020-12-06 2021-12-31 13065764 frs-core:ShareCapital 2020-12-05 13065764 frs-core:ShareCapital 2021-12-31 13065764 frs-core:RetainedEarningsAccumulatedLosses 2020-12-06 2021-12-31 13065764 frs-core:RetainedEarningsAccumulatedLosses 2020-12-05 13065764 frs-core:RetainedEarningsAccumulatedLosses 2021-12-31 13065764 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2020-12-05 13065764 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2021-12-31 13065764 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2020-12-05 13065764 frs-countries:UnitedKingdom 2020-12-06 2021-12-31 13065764 frs-countries:Europe 2020-12-06 2021-12-31 13065764 frs-countries:NorthAmerica 2020-12-06 2021-12-31 13065764 frs-countries:SouthAmerica 2020-12-06 2021-12-31 13065764 frs-countries:Asia 2020-12-06 2021-12-31 13065764 frs-countries:RestWorldOutsideUK 2020-12-06 2021-12-31 13065764 frs-bus:HighestPaidDirector 2020-12-06 2021-12-31 13065764 frs-bus:PrivateLimitedCompanyLtd 2020-12-06 2021-12-31 13065764 frs-bus:CompanyLimitedByGuarantee 2020-12-06 2021-12-31 13065764 frs-bus:LimitedLiabilityPartnershipLLP 2020-12-06 2021-12-31 13065764 frs-bus:LimitedLiabilityPartnershipsSORP 2020-12-06 2021-12-31 13065764 frs-bus:FullAccounts 2020-12-06 2021-12-31 13065764 frs-bus:AbbreviatedAccounts 2020-12-06 2021-12-31 13065764 frs-bus:AbridgedAccounts 2020-12-06 2021-12-31 13065764 frs-bus:FRS102 2020-12-06 2021-12-31 13065764 frs-bus:EntityHasNeverTraded 2020-12-06 2021-12-31 13065764 frs-bus:EntityNoLongerTradingButTradedInPast 2020-12-06 2021-12-31 13065764 frs-bus:Audited 2020-12-06 2021-12-31 13065764 frs-bus:AuditExempt-NoAccountantsReport 2020-12-06 2021-12-31 13065764 frs-bus:AuditExemptWithAccountantsReport 2020-12-06 2021-12-31 13065764 frs-bus:SmallCompaniesRegimeForAccounts 2020-12-06 2021-12-31 13065764 frs-bus:OrdinaryShareClass1 2020-12-06 2021-12-31 13065764 frs-bus:OrdinaryShareClass1 2020-12-05 13065764 frs-bus:OrdinaryShareClass1 2021-12-31 13065764 frs-bus:OrdinaryShareClass2 2020-12-06 2021-12-31 13065764 frs-bus:OrdinaryShareClass2 2020-12-05 13065764 frs-bus:OrdinaryShareClass2 2021-12-31 13065764 frs-bus:OrdinaryShareClass3 2020-12-06 2021-12-31 13065764 frs-bus:OrdinaryShareClass3 2020-12-05 13065764 frs-bus:OrdinaryShareClass3 2021-12-31 13065764 frs-bus:OrdinaryShareClass4 2020-12-06 2021-12-31 13065764 frs-bus:OrdinaryShareClass4 2020-12-05 13065764 frs-bus:OrdinaryShareClass4 2021-12-31 13065764 frs-bus:OrdinaryShareClass5 2020-12-06 2021-12-31 13065764 frs-bus:OrdinaryShareClass5 2020-12-05 13065764 frs-bus:OrdinaryShareClass5 2021-12-31 13065764 frs-bus:PreferenceShareClass1 2020-12-06 2021-12-31 13065764 frs-bus:PreferenceShareClass1 2020-12-05 13065764 frs-bus:PreferenceShareClass1 2021-12-31 13065764 frs-bus:PreferenceShareClass2 2020-12-06 2021-12-31 13065764 frs-bus:PreferenceShareClass2 2020-12-05 13065764 frs-bus:PreferenceShareClass2 2021-12-31 13065764 frs-bus:PreferenceShareClass3 2020-12-06 2021-12-31 13065764 frs-bus:PreferenceShareClass3 2020-12-05 13065764 frs-bus:PreferenceShareClass3 2021-12-31 13065764 frs-bus:PreferenceShareClass4 2020-12-06 2021-12-31 13065764 frs-bus:PreferenceShareClass4 2020-12-05 13065764 frs-bus:PreferenceShareClass4 2021-12-31 13065764 frs-bus:PreferenceShareClass5 2020-12-06 2021-12-31 13065764 frs-bus:PreferenceShareClass5 2020-12-05 13065764 frs-bus:PreferenceShareClass5 2021-12-31 13065764 1 2020-12-06 2021-12-31 13065764 frs-core:LeasedAssets 2020-12-06 2021-12-31 13065764 frs-core:OwnedAssets 2020-12-06 2021-12-31 13065764 frs-core:CurrencyRisk 2020-12-06 2021-12-31 13065764 frs-core:MarketRisk 2020-12-06 2021-12-31 13065764 frs-core:InterestRateRisk 2020-12-06 2021-12-31 13065764 frs-core:DeferredTaxation 2020-12-06 2021-12-31 13065764 frs-core:DeferredTaxation 2020-12-05 13065764 frs-core:DeferredTaxation 2021-12-31 13065764 frs-core:OtherProvisionsContingentLiabilities 2020-12-06 2021-12-31 13065764 frs-core:OtherProvisionsContingentLiabilities 2020-12-05 13065764 frs-core:OtherProvisionsContingentLiabilities 2021-12-31 13065764 frs-core:ProvisionsDeferredTax 2021-12-31 13065764 frs-core:OtherDeferredTax 2021-12-31 13065764 frs-core:AcceleratedTaxDepreciationDeferredTax 2021-12-31 13065764 frs-core:TaxLossesCarry-forwardsDeferredTax 2021-12-31 13065764 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2021-12-31 13065764 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-12-06 2021-12-31 13065764 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-12-05 13065764 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-12-31 13065764 dpl-frs:CostSales 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales 2020-12-05 13065764 dpl-frs:CostSales 2021-12-31 13065764 dpl-frs:DistributionCosts 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses 2020-12-06 2021-12-31 13065764 frs-bus:Director1 2020-12-06 2021-12-31 13065764 frs-bus:Director1 2020-12-05 13065764 frs-bus:Director1 2021-12-31 13065764 frs-bus:Director2 2020-12-06 2021-12-31 13065764 frs-bus:Director2 2020-12-05 13065764 frs-bus:Director2 2021-12-31 13065764 1 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 1 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 1 2021-12-31 13065764 2 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 2 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 2 2021-12-31 13065764 3 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 3 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 3 2021-12-31 13065764 4 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 4 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 4 2021-12-31 13065764 5 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 5 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 5 2021-12-31 13065764 6 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 6 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 6 2021-12-31 13065764 7 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 7 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 7 2021-12-31 13065764 8 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 8 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 8 2021-12-31 13065764 9 2020-12-06 2021-12-31 13065764 frs-core:CurrentFinancialInstruments 9 2021-12-31 13065764 frs-core:Non-currentFinancialInstruments 9 2021-12-31 13065764 dpl-frs:Item1 2020-12-06 2021-12-31 13065764 dpl-frs:Item1 2020-12-05 13065764 dpl-frs:Item1 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item1 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item1 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item1 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item1 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2020-12-06 2021-12-31 13065764 dpl-frs:Item2 2020-12-06 2021-12-31 13065764 dpl-frs:Item2 2020-12-05 13065764 dpl-frs:Item2 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item2 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item2 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item2 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item2 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2020-12-06 2021-12-31 13065764 dpl-frs:Item3 2020-12-06 2021-12-31 13065764 dpl-frs:Item3 2020-12-05 13065764 dpl-frs:Item3 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item3 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item3 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item3 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item3 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2020-12-06 2021-12-31 13065764 dpl-frs:Item4 2020-12-06 2021-12-31 13065764 dpl-frs:Item4 2020-12-05 13065764 dpl-frs:Item4 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item4 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item4 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item4 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item4 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2020-12-06 2021-12-31 13065764 dpl-frs:Item5 2020-12-06 2021-12-31 13065764 dpl-frs:Item5 2020-12-05 13065764 dpl-frs:Item5 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item5 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item5 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item5 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item5 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2020-12-06 2021-12-31 13065764 dpl-frs:Item6 2020-12-06 2021-12-31 13065764 dpl-frs:Item6 2020-12-05 13065764 dpl-frs:Item6 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item6 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item6 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item6 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item6 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2020-12-06 2021-12-31 13065764 dpl-frs:Item7 2020-12-06 2021-12-31 13065764 dpl-frs:Item7 2020-12-05 13065764 dpl-frs:Item7 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item7 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item7 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item7 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item7 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2020-12-06 2021-12-31 13065764 dpl-frs:Item8 2020-12-06 2021-12-31 13065764 dpl-frs:Item8 2020-12-05 13065764 dpl-frs:Item8 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item8 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item8 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item8 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item8 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2020-12-06 2021-12-31 13065764 dpl-frs:Item9 2020-12-06 2021-12-31 13065764 dpl-frs:Item9 2020-12-05 13065764 dpl-frs:Item9 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item9 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item9 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item9 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item9 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2020-12-06 2021-12-31 13065764 dpl-frs:Item10 2020-12-06 2021-12-31 13065764 dpl-frs:Item10 2020-12-05 13065764 dpl-frs:Item10 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item10 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item10 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item10 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item10 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2020-12-06 2021-12-31 13065764 dpl-frs:Item11 2020-12-06 2021-12-31 13065764 dpl-frs:Item11 2020-12-05 13065764 dpl-frs:Item11 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item11 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item11 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item11 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item11 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2020-12-06 2021-12-31 13065764 dpl-frs:Item12 2020-12-06 2021-12-31 13065764 dpl-frs:Item12 2020-12-05 13065764 dpl-frs:Item12 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item12 2020-12-06 2021-12-31 13065764 dpl-frs:CostSales dpl-frs:Item12 2020-12-05 13065764 dpl-frs:CostSales dpl-frs:Item12 2021-12-31 13065764 dpl-frs:DistributionCosts dpl-frs:Item12 2020-12-06 2021-12-31 13065764 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2020-12-06 2021-12-31 13065764 1 2020-12-06 2021-12-31 13065764 frs-countries:EnglandWales 2020-12-06 2021-12-31
Registered number: 13065764
Big Loz Official Ltd
Unaudited Financial Statements
For the Period 6 December 2020 to 31 December 2021
Stiletto Accounting Services Ltd

3 Downs Cote Gardens
Bristol
Somerset
BS9 3TT
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13065764
31 December 2021
Notes £ £
FIXED ASSETS
Tangible Assets 3 4,125
4,125
CURRENT ASSETS
Cash at bank and in hand 21,912
21,912
Creditors: Amounts Falling Due Within One Year 4 (15,612 )
NET CURRENT ASSETS (LIABILITIES) 6,300
TOTAL ASSETS LESS CURRENT LIABILITIES 10,425
NET ASSETS 10,425
CAPITAL AND RESERVES
Called up share capital 5 2
Profit and Loss Account 10,423
SHAREHOLDERS' FUNDS 10,425
For the period ending 31 December 2021 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elizabeth Shahlaei
Director
25/08/2022
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
2
Page 2
Page 3
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 6 December 2020 - - -
Additions 1,305 3,851 5,156
As at 31 December 2021 1,305 3,851 5,156
Depreciation
As at 6 December 2020 - - -
Provided during the period 261 770 1,031
As at 31 December 2021 261 770 1,031
Net Book Value
As at 31 December 2021 1,044 3,081 4,125
As at 6 December 2020 - - -
4. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 998
Corporation tax 14,614
15,612
5. Share Capital
31 December 2021
Allotted, Called up and fully paid 2
6. General Information
Big Loz Official Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13065764 . The registered office is 29 Arabian Avenue, Swindon, Wiltshire, SN5 5EL.
Page 3