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REGISTERED NUMBER: 06811167 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Big Little Office Limited

Big Little Office Limited (Registered number: 06811167)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Big Little Office Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: P D Coward





REGISTERED OFFICE: Unit A At Highbridge Farm Highbridge Rd
Highbridge
Eastleigh
Hampshire
SO50 6HN





REGISTERED NUMBER: 06811167 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Big Little Office Limited (Registered number: 06811167)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,740 241,664

CURRENT ASSETS
Debtors 5 10,656 19,399
Cash at bank 9,363 -
20,019 19,399
CREDITORS
Amounts falling due within one year 6 67,068 83,317
NET CURRENT LIABILITIES (47,049 ) (63,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,691

177,746

CREDITORS
Amounts falling due after more than one
year

7

(41,320

)

(59,665

)

PROVISIONS FOR LIABILITIES (36,572 ) (31,767 )
NET ASSETS 106,799 86,314

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 106,798 86,313
SHAREHOLDERS' FUNDS 106,799 86,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Big Little Office Limited (Registered number: 06811167)

Balance Sheet - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





P D Coward - Director


Big Little Office Limited (Registered number: 06811167)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Big Little Office Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Big Little Office Limited (Registered number: 06811167)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 382,437
Additions 20,500
Disposals (11,700 )
At 29 February 2024 391,237
DEPRECIATION
At 1 March 2023 140,773
Charge for year 25,744
Eliminated on disposal (7,020 )
At 29 February 2024 159,497
NET BOOK VALUE
At 29 February 2024 231,740
At 28 February 2023 241,664

Big Little Office Limited (Registered number: 06811167)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 266,346
Additions 20,500
Transfer to ownership (2,245 )
At 29 February 2024 284,601
DEPRECIATION
At 1 March 2023 70,390
Charge for year 22,110
Transfer to ownership (1,010 )
At 29 February 2024 91,490
NET BOOK VALUE
At 29 February 2024 193,111
At 28 February 2023 195,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 5,312 13,523
Other debtors 5,344 5,876
10,656 19,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,656 6,461
Hire purchase contracts 27,435 36,869
Trade creditors 4,876 6,409
Taxation and social security 12,169 6,664
Other creditors 17,932 26,914
67,068 83,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 15,935 20,595
Hire purchase contracts 25,385 39,070
41,320 59,665

Big Little Office Limited (Registered number: 06811167)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 52,820 75,939

The hire purchase debt is secured on the assets concerned.