Registered number
14986518
BIG TRIANGLE LTD
Filleted Accounts
31 March 2024
BIG TRIANGLE LTD
Registered number: 14986518
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Intangible assets 3 28,000
Current assets
Debtors 4 132
Cash at bank and in hand 114
246
Creditors: amounts falling due within one year 5 (38,804)
Net current liabilities (38,558)
Net liabilities (10,558)
Capital and reserves
Called up share capital 2
Profit and loss account (10,560)
Shareholders' funds (10,558)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alison Norman
Director
Approved by the board on 23 December 2024
BIG TRIANGLE LTD
Notes to the Accounts
for the period from 7 July 2023 to 31 March 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
There is no Corporation Tax liability based on these Accounts.
2 Employees 2024
Number
Average number of persons employed by the company 5
3 Intangible fixed assets £
Franchise
Cost
Additions 28,000
At 31 March 2024 28,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 28,000
No amortisation is provided in relation to the cost of the franchise.
4 Debtors 2024
£
Trade debtors 132
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 676
Directors' Loan Account 36,123
Other creditors 2,005
38,804
6 Other information
BIG TRIANGLE LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Riddlesdale Avenue
Tunbridge Wells
Kent
TN4 9AB
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