2023-04-012024-03-312024-03-31false14304826LITTLE BIG PARTY CO LTD2024-10-02iso4217:GBPxbrli:pure143048262023-04-01143048262024-03-31143048262023-04-012024-03-31143048262022-08-18143048262023-03-31143048262022-08-182023-03-3114304826bus:SmallEntities2023-04-012024-03-3114304826bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3114304826bus:FullAccounts2023-04-012024-03-3114304826bus:PrivateLimitedCompanyLtd2023-04-012024-03-3114304826core:WithinOneYear2024-03-3114304826core:AfterOneYear2024-03-3114304826core:WithinOneYear2023-03-3114304826core:AfterOneYear2023-03-3114304826core:ShareCapital2024-03-3114304826core:SharePremium2024-03-3114304826core:RevaluationReserve2024-03-3114304826core:OtherReservesSubtotal2024-03-3114304826core:RetainedEarningsAccumulatedLosses2024-03-3114304826core:ShareCapital2023-03-3114304826core:SharePremium2023-03-3114304826core:RevaluationReserve2023-03-3114304826core:OtherReservesSubtotal2023-03-3114304826core:RetainedEarningsAccumulatedLosses2023-03-3114304826core:LandBuildings2024-03-3114304826core:PlantMachinery2024-03-3114304826core:Vehicles2024-03-3114304826core:FurnitureFittings2024-03-3114304826core:OfficeEquipment2024-03-3114304826core:NetGoodwill2024-03-3114304826core:IntangibleAssetsOtherThanGoodwill2024-03-3114304826core:ListedExchangeTraded2024-03-3114304826core:UnlistedNon-exchangeTraded2024-03-3114304826core:LandBuildings2023-03-3114304826core:PlantMachinery2023-03-3114304826core:Vehicles2023-03-3114304826core:FurnitureFittings2023-03-3114304826core:OfficeEquipment2023-03-3114304826core:NetGoodwill2023-03-3114304826core:IntangibleAssetsOtherThanGoodwill2023-03-3114304826core:ListedExchangeTraded2023-03-3114304826core:UnlistedNon-exchangeTraded2023-03-3114304826core:LandBuildings2023-04-012024-03-3114304826core:PlantMachinery2023-04-012024-03-3114304826core:Vehicles2023-04-012024-03-3114304826core:FurnitureFittings2023-04-012024-03-3114304826core:OfficeEquipment2023-04-012024-03-3114304826core:NetGoodwill2023-04-012024-03-3114304826core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3114304826core:ListedExchangeTraded2023-04-012024-03-3114304826core:UnlistedNon-exchangeTraded2023-04-012024-03-3114304826core:MoreThanFiveYears2023-04-012024-03-3114304826core:Non-currentFinancialInstruments2024-03-3114304826core:Non-currentFinancialInstruments2023-03-3114304826dpl:CostSales2023-04-012024-03-3114304826dpl:DistributionCosts2023-04-012024-03-3114304826core:LandBuildings2023-04-012024-03-3114304826core:PlantMachinery2023-04-012024-03-3114304826core:Vehicles2023-04-012024-03-3114304826core:FurnitureFittings2023-04-012024-03-3114304826core:OfficeEquipment2023-04-012024-03-3114304826dpl:AdministrativeExpenses2023-04-012024-03-3114304826core:NetGoodwill2023-04-012024-03-3114304826core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3114304826dpl:GroupUndertakings2023-04-012024-03-3114304826dpl:ParticipatingInterests2023-04-012024-03-3114304826dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3114304826core:ListedExchangeTraded2023-04-012024-03-3114304826dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3114304826core:UnlistedNon-exchangeTraded2023-04-012024-03-3114304826dpl:CostSales2022-08-182023-03-3114304826dpl:DistributionCosts2022-08-182023-03-3114304826core:LandBuildings2022-08-182023-03-3114304826core:PlantMachinery2022-08-182023-03-3114304826core:Vehicles2022-08-182023-03-3114304826core:FurnitureFittings2022-08-182023-03-3114304826core:OfficeEquipment2022-08-182023-03-3114304826dpl:AdministrativeExpenses2022-08-182023-03-3114304826core:NetGoodwill2022-08-182023-03-3114304826core:IntangibleAssetsOtherThanGoodwill2022-08-182023-03-3114304826dpl:GroupUndertakings2022-08-182023-03-3114304826dpl:ParticipatingInterests2022-08-182023-03-3114304826dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-182023-03-3114304826core:ListedExchangeTraded2022-08-182023-03-3114304826dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-182023-03-3114304826core:UnlistedNon-exchangeTraded2022-08-182023-03-3114304826core:NetGoodwill2024-03-3114304826core:IntangibleAssetsOtherThanGoodwill2024-03-3114304826core:LandBuildings2024-03-3114304826core:PlantMachinery2024-03-3114304826core:Vehicles2024-03-3114304826core:FurnitureFittings2024-03-3114304826core:OfficeEquipment2024-03-3114304826core:AfterOneYear2024-03-3114304826core:WithinOneYear2024-03-3114304826core:ListedExchangeTraded2024-03-3114304826core:UnlistedNon-exchangeTraded2024-03-3114304826core:ShareCapital2024-03-3114304826core:SharePremium2024-03-3114304826core:RevaluationReserve2024-03-3114304826core:OtherReservesSubtotal2024-03-3114304826core:RetainedEarningsAccumulatedLosses2024-03-3114304826core:NetGoodwill2023-03-3114304826core:IntangibleAssetsOtherThanGoodwill2023-03-3114304826core:LandBuildings2023-03-3114304826core:PlantMachinery2023-03-3114304826core:Vehicles2023-03-3114304826core:FurnitureFittings2023-03-3114304826core:OfficeEquipment2023-03-3114304826core:AfterOneYear2023-03-3114304826core:WithinOneYear2023-03-3114304826core:ListedExchange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LITTLE BIG PARTY CO LTD

Registered Number
14304826
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

LITTLE BIG PARTY CO LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

TAYLOR, Stephanie Louise

Registered Address

4 Carr Road
Buxton
SK17 6WF

Place of Business

Unit 15a

Tongue Lane Industrial Estate

Dew Pond Lane

Buxton

SK17 7LF


Registered Number

14304826 (England and Wales)
LITTLE BIG PARTY CO LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3663-
663-
Current assets
Stocks414,1568,850
Debtors3,306-
Cash at bank and on hand1,5001,286
18,96210,136
Creditors amounts falling due within one year5(9,594)(9,073)
Net current assets (liabilities)9,3681,063
Total assets less current liabilities10,0311,063
Provisions for liabilities7(126)-
Net assets9,9051,063
Capital and reserves
Called up share capital22
Profit and loss account9,9031,061
Shareholders' funds9,9051,063
The financial statements were approved and authorised for issue by the Board of Directors on 2 October 2024, and are signed on its behalf by:
TAYLOR, Stephanie Louise
Director
Registered Company No. 14304826
LITTLE BIG PARTY CO LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions741741
At 31 March 24741741
Depreciation and impairment
Charge for year7878
At 31 March 247878
Net book value
At 31 March 24663663
At 31 March 23--
4.Stocks

2024

2023

££
Raw materials and consumables14,1568,850
Total14,1568,850
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,249-
Bank borrowings and overdrafts1,714238
Taxation and social security4,726249
Other creditors5788,586
Accrued liabilities and deferred income327-
Total9,5949,073
6.Creditors: amounts due after one year
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)126-
Total126-
8.Controlling party
During the year ended 31st March 2024, the directors controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.