Large Financial Limited Filleted Accounts Cover
Large Financial Limited
Company No. 06004771
Information for Filing with The Registrar
28 February 2023
Large Financial Limited Balance Sheet Registrar
at
28 February 2023
Company No.
06004771
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
2,0832,583
Tangible assets
5
--
2,0832,583
Current assets
Debtors
6
17,18120,695
Cash at bank and in hand
1,7041,719
18,88522,414
Creditors: Amount falling due within one year
7
(13,115)
(15,199)
Net current assets
5,7707,215
Total assets less current liabilities
7,8539,798
Creditors: Amounts falling due after more than one year
8
(7,638)
(8,333)
Net assets
2151,465
Capital and reserves
Called up share capital
105105
Profit and loss account
9
1101,360
Total equity
2151,465
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 October 2023
And signed on its behalf by:
D. Large
Director
12 October 2023
Large Financial Limited Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Its registered number is: 06004771
Its registered office is:
5 Holme Avenue
Swinley
Wigan
WN1 2EH
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents net invoiced sale of services, excluding value added tax.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
15% Reducing balance
Taxation
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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 March 2022
10,00010,000
At 28 February 2023
10,00010,000
Amortisation and impairment
At 1 March 2022
7,4177,417
Charge for the year
500500
At 28 February 2023
7,9177,917
Net book values
At 28 February 2023
2,0832,083
At 28 February 2022
2,5832,583
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 March 2022
1,0981,098
At 28 February 2023
1,0981,098
Depreciation
At 1 March 2022
1,0981,098
At 28 February 2023
1,0981,098
Net book values
At 28 February 2023
--
At 28 February 2022
-
-
6
Debtors
2023
2022
£
£
Other debtors
17,18120,695
17,18120,695
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,0641,000
Taxes and social security
5,758
9,381
Other creditors
2,6262,514
Accruals and deferred income
3,6672,304
13,11515,199
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,6388,333
7,6388,333
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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