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Biggerplate Ltd
Filleted accounts
30 June 2024
Company registration number: 05856777
Biggerplate Ltd
Directors and other information
Directors G Hughes
L Hughes
Secretary P Hughes
Company number 05856777
Registered office 46 Nethercote Road
Tackley
Oxford
OX5 3AT
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Biggerplate Ltd
Balance sheet
30th June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 427 50
_______ _______
427 50
Current assets
Debtors 7 - 288
Cash at bank and in hand 10,375 6,846
_______ _______
10,375 7,134
Creditors: amounts falling due
within one year 8 ( 43,698) ( 60,786)
_______ _______
Net current liabilities ( 33,323) ( 53,652)
_______ _______
Total assets less current liabilities ( 32,896) ( 53,602)
Creditors: amounts falling due
after more than one year 9 ( 6,133) ( 10,733)
_______ _______
Net liabilities ( 39,029) ( 64,335)
_______ _______
Capital and reserves
Called up share capital 10 100 100
Profit and loss account ( 39,129) ( 64,435)
_______ _______
Shareholders deficit ( 39,029) ( 64,335)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
G Hughes
Director
Company registration number: 05856777
Biggerplate Ltd
Notes to the financial statements
Year ended 30th June 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 46 Nethercote Road, Tackley, Oxford, OX5 3AT. There was no significant change in the company's principal activity during the year which continued to be the provision of management consultancy services .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
At 30th June 2024 the company had a deficiency of assets amounting to £39,029 (2023: £64,335) after taking into consideration loans from one of the directors totalling £15,048 (2023: £33,748) and from connected companies of £20,650 (2023: £20,650). The company is reliant upon the financial support and guarantees of the director and connected parties who have indicated that this will be continued for a further 12 months from the date of approval of these accounts. In light of this continued support, the financial statements have been prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - Straight line basis over 3 years
Office equipment - Straight line basis at 15% per annum
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1st July 2023 and 30th June 2024 8,764 8,764
_______ _______
Amortisation
At 1st July 2023 and 30th June 2024 8,764 8,764
_______ _______
Carrying amount
At 30th June 2024 - -
_______ _______
At 30th June 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1st July 2023 2,806 2,806
Additions 407 407
_______ _______
At 30th June 2024 3,213 3,213
_______ _______
Depreciation
At 1st July 2023 2,756 2,756
Charge for the year 30 30
_______ _______
At 30th June 2024 2,786 2,786
_______ _______
Carrying amount
At 30th June 2024 427 427
_______ _______
At 30th June 2023 50 50
_______ _______
7. Debtors
2024 2023
£ £
Other debtors - 288
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loan 4,600 4,600
Trade creditors - 457
Social security and other taxes 2,051 1
Other creditors 37,047 55,728
_______ _______
43,698 60,786
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loan 6,133 10,733
_______ _______
10. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
11. Controlling party
The company is under the control of L Hughes who owns 75% of the issued share capital.