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No description of principal activity
2022-11-01
Sage Accounts Production Advanced 2023 - FRS102_2023
2,106
716
2,822
1,917
226
2,143
679
189
xbrli:pure
xbrli:shares
iso4217:GBP
02760297
2022-11-01
2023-10-31
02760297
2023-10-31
02760297
2022-10-31
02760297
2021-11-01
2022-10-31
02760297
2022-10-31
02760297
2021-10-31
02760297
bus:Director1
2022-11-01
2023-10-31
02760297
core:WithinOneYear
2023-10-31
02760297
core:WithinOneYear
2022-10-31
02760297
core:ShareCapital
2023-10-31
02760297
core:ShareCapital
2022-10-31
02760297
core:RetainedEarningsAccumulatedLosses
2023-10-31
02760297
core:RetainedEarningsAccumulatedLosses
2022-10-31
02760297
bus:SmallEntities
2022-11-01
2023-10-31
02760297
bus:AuditExemptWithAccountantsReport
2022-11-01
2023-10-31
02760297
bus:SmallCompaniesRegimeForAccounts
2022-11-01
2023-10-31
02760297
bus:PrivateLimitedCompanyLtd
2022-11-01
2023-10-31
02760297
bus:FullAccounts
2022-11-01
2023-10-31
02760297
core:OfficeEquipment
2022-11-01
2023-10-31
02760297
core:OfficeEquipment
2022-10-31
02760297
core:OfficeEquipment
2023-10-31
COMPANY REGISTRATION NUMBER:
02760297
The Big Picture Productions Limited |
|
Filleted Unaudited Financial Statements |
|
The Big Picture Productions Limited |
|
Statement of Financial Position |
|
31 October 2023
Fixed assets
Tangible assets |
5 |
|
679 |
|
189 |
|
|
|
|
|
|
Current assets
Stocks |
400 |
|
400 |
|
Debtors |
6 |
33,100 |
|
27,225 |
|
|
-------- |
|
-------- |
|
|
33,500 |
|
27,625 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
33,744 |
|
26,123 |
|
|
-------- |
|
-------- |
|
Net current (liabilities)/assets |
|
(
244) |
|
1,502 |
|
|
---- |
|
------- |
Total assets less current liabilities |
|
435 |
|
1,691 |
|
|
---- |
|
------- |
Net assets |
|
435 |
|
1,691 |
|
|
---- |
|
------- |
|
|
|
|
|
|
Capital and reserves
Called up share capital |
|
2 |
|
2 |
Profit and loss account |
|
433 |
|
1,689 |
|
|
---- |
|
------- |
Shareholders funds |
|
435 |
|
1,691 |
|
|
---- |
|
------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
The Big Picture Productions Limited |
|
Statement of Financial Position (continued) |
|
31 October 2023
These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2024
, and are signed on behalf of the board by:
Company registration number:
02760297
The Big Picture Productions Limited |
|
Notes to the Financial Statements |
|
Year ended 31 October 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Heslington Lane, Fulford, York, YO10 4HW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. At the date of signing these financial statements, the directors have considered the effect of the Coronavirus pandemic on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred be incurred in respect of transactions can be measured reliably.
(d)
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
(f)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office Equipment |
- |
20% reducing balance |
|
|
|
|
(g)
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(h)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
Cost |
|
|
At 1 November 2022 |
2,106 |
2,106 |
Additions |
716 |
716 |
|
------- |
------- |
At 31 October 2023 |
2,822 |
2,822 |
|
------- |
------- |
Depreciation |
|
|
At 1 November 2022 |
1,917 |
1,917 |
Charge for the year |
226 |
226 |
|
------- |
------- |
At 31 October 2023 |
2,143 |
2,143 |
|
------- |
------- |
Carrying amount |
|
|
At 31 October 2023 |
679 |
679 |
|
------- |
------- |
At 31 October 2022 |
189 |
189 |
|
------- |
------- |
|
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
33,100 |
27,225 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank overdraft |
3,906 |
3,858 |
Trade creditors |
28 |
206 |
Corporation tax |
22,469 |
13,769 |
Social security and other taxes |
3,589 |
3,644 |
Other creditors |
3,752 |
4,646 |
|
-------- |
-------- |
|
33,744 |
26,123 |
|
-------- |
-------- |
|
|
|
8.
Director's advances, credits and guarantees
During the year the company made available loans to the director. The loans are interest free and repayable on demand. At the year end date the balance due to the company totalled £9,581 (2022 - £6,939).