Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-05-19false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14881780 2023-05-18 14881780 2023-05-19 2024-05-31 14881780 2022-06-01 2023-05-18 14881780 2024-05-31 14881780 c:Director1 2023-05-19 2024-05-31 14881780 d:FurnitureFittings 2023-05-19 2024-05-31 14881780 d:FurnitureFittings 2024-05-31 14881780 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-19 2024-05-31 14881780 d:ComputerEquipment 2023-05-19 2024-05-31 14881780 d:ComputerEquipment 2024-05-31 14881780 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-19 2024-05-31 14881780 d:OwnedOrFreeholdAssets 2023-05-19 2024-05-31 14881780 d:CurrentFinancialInstruments 2024-05-31 14881780 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14881780 d:ShareCapital 2024-05-31 14881780 d:RetainedEarningsAccumulatedLosses 2024-05-31 14881780 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 14881780 c:OrdinaryShareClass1 2023-05-19 2024-05-31 14881780 c:OrdinaryShareClass1 2024-05-31 14881780 c:FRS102 2023-05-19 2024-05-31 14881780 c:AuditExempt-NoAccountantsReport 2023-05-19 2024-05-31 14881780 c:FullAccounts 2023-05-19 2024-05-31 14881780 c:PrivateLimitedCompanyLtd 2023-05-19 2024-05-31 14881780 2 2023-05-19 2024-05-31 14881780 e:PoundSterling 2023-05-19 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14881780














BIG FRIENDLY AGENCY LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
BIG FRIENDLY AGENCY LTD
REGISTERED NUMBER:14881780

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
3,614

  
3,614

Current assets
  

Debtors: amounts falling due within one year
 5 
59,563

Cash at bank
 6 
64,745

  
124,308

Creditors: amounts falling due within one year
 7 
(95,291)

Net current assets
  
 
 
29,017

Total assets less current liabilities
  
32,631

Provisions for liabilities
  

Deferred tax
 8 
(904)

  
 
 
(904)

Net assets
  
31,727


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
31,627

  
31,727


Page 1

 
BIG FRIENDLY AGENCY LTD
REGISTERED NUMBER:14881780
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D M Jackson
Director

Date: 19 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BIG FRIENDLY AGENCY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Big Friendly Agency Ltd is a private company, limited by shares, registered in England and Wales, registration number 14881780. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company is that of an adversting agency.
The company was incorporated on 19 May 2023 and commenced trading on the same date. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from advertising agency services is recognised when it is probable the company will
receive the rights to the consideration due under the contract.
Royalties receivable are recognised in the accounting year in which it was received.
Royalties payable are calculated by reference to statements of account used for determining royalties receivable.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BIG FRIENDLY AGENCY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight-line
Computer equipment
-
25%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
BIG FRIENDLY AGENCY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the period was 2.


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


Additions
2,694
2,125
4,819



At 31 May 2024

2,694
2,125
4,819



Depreciation


Charge for the period 
674
531
1,205



At 31 May 2024

674
531
1,205



Net book value



At 31 May 2024
2,020
1,594
3,614


5.


Debtors

2024
£


Other debtors
53,585

Prepayments and accrued income
5,978

59,563



6.


Cash and cash equivalents

2024
£

Cash at bank
64,745


Page 5

 
BIG FRIENDLY AGENCY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,000

Corporation tax
7,191

Accruals and deferred income
85,100

95,291



8.


Deferred taxation



2024


£






Charged to profit or loss
904



At end of year
904

The deferred taxation balance is made up as follows:

2024
£


Fixed asset timing differences
904


9.


Share capital

2024
£
Allotted, called up and fully paid


100 ordinary shares of £1.00 each
100


On incorporation, the company issued 100 ordinary shares at a nominal value of £1.


10.


Transactions with the director

During the period, the company advanced £52,965 to the director. As at the period end, £53,491 was due from the director to the company. Interest at an official rate has been charged on the loan. The loan is unsecured and repayable on demand.

 
Page 6