Big Fish Tutors Limited Filleted Accounts Cover
Big Fish Tutors Limited
Company No. 09456135
Information for Filing with The Registrar
31 August 2023
Big Fish Tutors Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 August 2023.
Principal activities
The principal activity of the company during the year under review was educational and support services.
Directors
The Directors who served at any time during the year were as follows:
R.S. Shah
S. Shah
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S. Shah
Director
31 August 2023
Big Fish Tutors Limited Balance Sheet Registrar
at
31 August 2023
Company No.
09456135
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
53,22725,137
53,22725,137
Current assets
Debtors
5
136,21181,260
Investments
6
20,10020,100
Cash at bank and in hand
348,128195,886
504,439297,246
Creditors: Amount falling due within one year
7
(501,157)
(324,248)
Net current assets/(liabilities)
3,282
(27,002)
Total assets less current liabilities
56,509
(1,865)
Provisions for liabilities
Deferred taxation
(6,285)
(6,285)
Net assets/(liabilities)
50,224
(8,150)
Capital and reserves
Called up share capital
100100
Profit and loss account
8
50,124
(8,250)
Total equity
50,224
(8,150)
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 31 August 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 31 August 2023 and signed on its behalf by:
S. Shah
Director
31 August 2023
Big Fish Tutors Limited Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
Big Fish Tutors Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09456135
Its registered office is:
142 Ealing Road
Wembley
Middlesex
HA0 4PY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences 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 measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 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.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
615
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 September 2022
31,89248,28380,175
Additions
2,28039,11741,397
At 31 August 2023
34,17287,400121,572
Depreciation
At 1 September 2022
23,56431,47455,038
Charge for the year
2,12211,18513,307
At 31 August 2023
25,68642,65968,345
Net book values
At 31 August 2023
8,48644,74153,227
At 31 August 2022
8,328
16,809
25,137
5
Debtors
2023
2022
£
£
Trade debtors
115,12566,861
Corporation tax recoverable
-3
Other debtors
20,94014,250
Prepayments and accrued income
146146
136,21181,260
6
Current asset investments
2023
2022
£
£
Unlisted investments
20,10020,100
20,10020,100
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
22,9137,409
Amounts owed to group undertakings
85,666
92,234
Taxes and social security
68,611
43,196
Loans from directors
26,22722,451
Other creditors
47,44935,249
Accruals and deferred income
250,291123,709
501,157324,248
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
-
2,500
-
2,500
Dividends by type:
Equity dividends
-2,500
-
2,500
10
Directors' Advances, Credits and Guarantees
During the year ended 31 August 2023, Big Fish Tutors Ltd owed £30,940 to its Directors. This amount is reflected in their directors loan account as a credit balance, which is show under creditors due within one year. Please be advised that the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.
11
Related Party Disclosures
During the Year Ended 31 August 2023, Big Fish Tutors Ltd entered into a loan agreement with a related company. The outstanding amount owed by Big Fish Tutors Ltd at the Year End was £85,666. The loan is an interest free loan and is repayable on demand, hence the amounts are being reflected accordingly under Creditors - Less than One Year.
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