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REGISTERED NUMBER: 04749801 (England and Wales)
















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Big Skies Limited

Big Skies Limited (Registered number: 04749801)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Big Skies Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: C S Daw
Mrs H E Daw





SECRETARY: Mrs H E Daw





REGISTERED OFFICE: 14 Fisher's Lane
Orwell
Royston
Hertfordshire
SG8 5QX





REGISTERED NUMBER: 04749801 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Big Skies Limited (Registered number: 04749801)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,499 53,568

CURRENT ASSETS
Debtors 5 102,643 521,727
Cash at bank 970,938 533,094
1,073,581 1,054,821
CREDITORS
Amounts falling due within one year 6 39,903 75,975
NET CURRENT ASSETS 1,033,678 978,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,079,177

1,032,414

PROVISIONS FOR LIABILITIES 7 10,981 12,912
NET ASSETS 1,068,196 1,019,502

CAPITAL AND RESERVES
Called up share capital 8 4 4
Capital redemption reserve 1 1
Retained earnings 1,068,191 1,019,497
SHAREHOLDERS' FUNDS 1,068,196 1,019,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Skies Limited (Registered number: 04749801)

Balance Sheet - continued
5 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:




C S Daw - Director



Mrs H E Daw - Director


Big Skies Limited (Registered number: 04749801)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Big Skies 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 represents net invoiced services, excluding value added tax.

Royalty income is accounted for on a notified earnings basis, with any un-recouped royalty advances deferred until the end of the relevant contract period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Big Skies Limited (Registered number: 04749801)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued
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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2023 179,874 855 35,705 4,271 220,705
Additions 409 - - 1,148 1,557
Disposals - (154 ) - (2,521 ) (2,675 )
At 5 April 2024 180,283 701 35,705 2,898 219,587
DEPRECIATION
At 6 April 2023 148,524 770 14,807 3,036 167,137
Charge for year 4,829 17 4,180 479 9,505
Eliminated on disposal - (134 ) - (2,420 ) (2,554 )
At 5 April 2024 153,353 653 18,987 1,095 174,088
NET BOOK VALUE
At 5 April 2024 26,930 48 16,718 1,803 45,499
At 5 April 2023 31,350 85 20,898 1,235 53,568

Big Skies Limited (Registered number: 04749801)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. DEBTORS
5.4.24 5.4.23
£    £   
Amounts falling due within one year:
Trade debtors 40,500 -
Other debtors 1,617 240,345
Related party debtor 5,022 5,002
VAT - 618
Prepayments and accrued income 5,475 220,711
52,614 466,676

Amounts falling due after more than one year:
Related party debtor 50,029 55,051

Aggregate amounts 102,643 521,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 45 3,337
Tax 29,075 69,006
Social security and other taxes 1,574 1,448
VAT 6,553 -
Accrued expenses 2,656 2,184
39,903 75,975

7. PROVISIONS FOR LIABILITIES
5.4.24 5.4.23
£    £   
Deferred tax 10,981 12,912

Deferred
tax
£   
Balance at 6 April 2023 12,912
Accelerated capital allowances (1,931 )
Balance at 5 April 2024 10,981

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
4 Ordinary £1.00 4 4