Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31No description of principal activity2022-04-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03035696 2022-04-01 2023-03-31 03035696 2021-04-01 2022-03-31 03035696 2023-03-31 03035696 2022-03-31 03035696 c:Director1 2022-04-01 2023-03-31 03035696 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 03035696 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03035696 d:Buildings d:ShortLeaseholdAssets 2022-03-31 03035696 d:FurnitureFittings 2022-04-01 2023-03-31 03035696 d:FurnitureFittings 2023-03-31 03035696 d:FurnitureFittings 2022-03-31 03035696 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03035696 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03035696 d:CurrentFinancialInstruments 2023-03-31 03035696 d:CurrentFinancialInstruments 2022-03-31 03035696 d:Non-currentFinancialInstruments 2023-03-31 03035696 d:Non-currentFinancialInstruments 2022-03-31 03035696 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03035696 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03035696 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03035696 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03035696 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03035696 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 03035696 d:ShareCapital 2023-03-31 03035696 d:ShareCapital 2022-03-31 03035696 d:RetainedEarningsAccumulatedLosses 2023-03-31 03035696 d:RetainedEarningsAccumulatedLosses 2022-03-31 03035696 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03035696 c:OrdinaryShareClass1 2023-03-31 03035696 c:OrdinaryShareClass1 2022-03-31 03035696 c:FRS102 2022-04-01 2023-03-31 03035696 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03035696 c:FullAccounts 2022-04-01 2023-03-31 03035696 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03035696














BIG TV! LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2023

 
BIG TV! LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
BIG TV! LIMITED
REGISTERED NUMBER:03035696

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,091
20,747

Current assets
  

Stocks
  
24,838
20,000

Debtors: amounts falling due within one year
 5 
966
-

Cash at bank and in hand
  
98
6,652

Current liabilities
  
25,902
26,652

Creditors: amounts falling due within one year
 6 
(65,337)
(63,265)

Net current liabilities
  
 
 
(39,435)
 
 
(36,613)

Total assets less current liabilities
  
(20,344)
(15,866)

Creditors: amounts falling due after more than one year
 7 
(17,950)
(23,814)

  

Net liabilities
  
(38,294)
(39,680)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(38,394)
(39,780)

  
(38,294)
(39,680)


Page 1

 
BIG TV! LIMITED
REGISTERED NUMBER:03035696
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 February 2024.




M T Whitebloom
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BIG TV! LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Big TV! Limited is a limited company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company during the year was that of television production.
The financial statements are presented in £ sterling, which is the functional currency of the Company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the directors have indicated their willingness to support the Company so as to enable it to meet its liabilities as and when they fall due. In view of this, the directors consider it appropriate to adopt a going concern basis in preparing these financial statement.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised when the service has been provided.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
BIG TV! LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
over the term
Fixtures & fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs.  Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs.  Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest.  Thereafter they are stated at amortised cost using the effective interest method. 
Cash and cash equivalents comprise cash balances and call deposits.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 4

 
BIG TV! LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





S/Term Leasehold Property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
10,561
22,519
33,080


Additions
-
1,606
1,606



At 31 March 2023

10,561
24,125
34,686



Depreciation


At 1 April 2022
-
12,333
12,333


Charge for the year on owned assets
1,056
2,206
3,262



At 31 March 2023

1,056
14,539
15,595



Net book value



At 31 March 2023
9,505
9,586
19,091



At 31 March 2022
10,561
10,186
20,747

Page 5

 
BIG TV! LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Tax recoverable
966
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Debenture loans
13,534
13,534

Bank loans
5,861
5,716

Trade creditors
4,561
3,600

Other taxation and social security
468
1,156

Other creditors
36,353
35,659

Accruals and deferred income
4,560
3,600

65,337
63,265



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,950
23,814



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,861
5,716

Debenture loans
13,534
13,534


19,395
19,250


Amounts falling due 2-5 years

Bank loans
17,950
23,814


37,345
43,064


Page 6

 
BIG TV! LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100


 
Page 7