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Registration number: 13329169

Big Black Box Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2023 to 30 October 2024

 

Big Black Box Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

Big Black Box Ltd

Company Information

Directors

Mr T B Gjonnes

Mr T R Prior

Registered office

21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

Accountants

Rotherham Taylor Limited 21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Big Black Box Ltd

Directors' Report for the Period from 1 May 2023 to 30 October 2024

The directors present their report and the financial statements for the period from 1 May 2023 to 30 October 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr T B Gjonnes

Mr T R Prior

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 24 March 2025 and signed on its behalf by:

.........................................
Mr T B Gjonnes
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Big Black Box Ltd
for the Period Ended 30 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Big Black Box Ltd for the period ended 30 October 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Big Black Box Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Big Black Box Ltd and state those matters that we have agreed to state to the Board of Directors of Big Black Box Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Big Black Box Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Big Black Box Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Big Black Box Ltd. You consider that Big Black Box Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Big Black Box Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Rotherham Taylor Limited
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

24 March 2025

 

Big Black Box Ltd

Profit and Loss Account for the Period from 1 May 2023 to 30 October 2024

Note

2024
£

2023
£

Turnover

 

-

-

Cost of sales

 

(123,923)

-

Gross loss

 

(123,923)

-

Administrative expenses

 

(22,403)

(21,924)

Operating loss

 

(146,326)

(21,924)

Other interest receivable and similar income

 

3

-

Interest payable and similar expenses

 

1,459

-

   

1,462

-

Loss before tax

(144,864)

(21,924)

Loss for the financial period

 

(144,864)

(21,924)

 

Big Black Box Ltd

(Registration number: 13329169)
Balance Sheet as at 30 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

382

-

Cash at bank and in hand

 

18

649

 

400

649

Creditors: Amounts falling due within one year

5

(157,180)

(21,573)

Net liabilities

 

(156,780)

(20,924)

Capital and reserves

 

Called up share capital

1,013

1,000

Share premium reserve

8,995

-

Retained earnings

(166,788)

(21,924)

Shareholders' deficit

 

(156,780)

(20,924)

For the financial period ending 30 October 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
Mr T B Gjonnes
Director

   
     
 

Big Black Box Ltd

Statement of Changes in Equity for the Period from 1 May 2023 to 30 October 2024


 

Share capital
£

Share premium
£

Profit and loss account
£

Total
£

At 1 May 2023

1,000

-

(21,924)

(20,924)

Loss for the period

-

-

(144,864)

(144,864)

Total comprehensive income

-

-

(144,864)

(144,864)

New share capital subscribed

13

8,995

-

9,008

At 30 October 2024

1,013

8,995

(166,788)

(156,780)

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

1,000

-

1,000

Loss for the period

-

(21,924)

(21,924)

At 30 April 2023

1,000

(21,924)

(20,924)

 

Big Black Box Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors consider that the company will be able to settle its liabilities as and when they fall due for the foreseeable future. This assessment has been made taking into account a period of at least 12 months from the approval and signing of these financial statements.
The directors do not commit to expenditure unless and until they are satisfied that sufficient funding is in place for the company to meet the related obligation. Accordingly, the financial statements have been prepared on a going concern basis and do not include any adjustments that would result if the company was unable to continue as a going concern.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Big Black Box Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 October 2024

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Big Black Box Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Other debtors

338

-

Prepayments

44

-

382

-

A deferred tax asset has not been recognised due to the uncertainty of the timing of future profits, Had such an asset been recognised the value would have been £31,192 (2023: £3,890) at the period end.

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

1,515

1,250

Trade creditors

 

138,283

2,553

Accruals and deferred income

 

1,392

1,470

Other creditors

 

15,990

16,300

 

157,180

21,573

6

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Director's current account

1,515

1,250

The director’s current account is non-interest bearing and has no formal repayment terms.

 

Big Black Box Ltd

Detailed Profit and Loss Account for the Period from 1 May 2023 to 30 October 2024

2024
£

2023
£

Turnover (analysed below)

-

-

Cost of sales (analysed below)

(123,923)

-

Gross loss

(123,923)

-

Administrative expenses

General administrative expenses (analysed below)

(22,239)

(21,735)

Finance charges (analysed below)

(164)

(189)

(22,403)

(21,924)

Operating loss

(146,326)

(21,924)

Other interest receivable and similar income (analysed below)

3

-

Interest payable and similar expenses (analysed below)

1,459

-

1,462

-

Loss before tax

(144,864)

(21,924)

 

Big Black Box Ltd

Detailed Profit and Loss Account for the Period from 1 May 2023 to 30 October 2024

2024
£

2023
£

   

Cost of sales

Direct costs

(123,923)

-

   

General administrative expenses

Computer software and maintenance costs

(851)

(480)

Travel and subsistence

(2,861)

(2,121)

Advertising

(42)

(2,541)

Customer entertaining (disallowable for tax)

(1,165)

(1,152)

Accountancy fees

(1,405)

(1,873)

Consultancy fees

(2,850)

(12,800)

Legal and professional fees

(13,065)

(768)

(22,239)

(21,735)

   

Finance charges

Bank charges

(164)

(189)

   

Other interest receivable and similar income

Other interest receivable

3

-

   

Interest payable and similar expenses

Foreign currency (gains)/losses

1,459

-