Registered number
12696091
THE BIG PICTURE COMPANY GLOBAL LTD
Filleted Accounts
31 July 2024
THE BIG PICTURE COMPANY GLOBAL LTD
Registered number: 12696091
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,621 19,060
Current assets
Debtors 4 30,397 12,399
Cash at bank and in hand 18,351 91,551
48,748 103,950
Creditors: amounts falling due within one year 5 (47,857) (51,215)
Net current assets 891 52,735
Total assets less current liabilities 11,512 71,795
Creditors: amounts falling due after more than one year 6 (8,000) -
Net assets 3,512 71,795
Capital and reserves
Profit and loss account 3,512 71,795
Shareholders' funds 3,512 71,795
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.
Kristy Currie
Director
Approved by the board on 25 April 2025
THE BIG PICTURE COMPANY GLOBAL LTD
Notes to the Accounts
for the year ended 31 July 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 35,619
Disposals (10,849)
At 31 July 2024 24,770
Depreciation
At 1 August 2023 16,559
Charge for the year 8,439
On disposals (10,849)
At 31 July 2024 14,149
Net book value
At 31 July 2024 10,621
At 31 July 2023 19,060
4 Debtors 2024 2023
£ £
Trade debtors 28,140 11,700
Other debtors 2,257 699
30,397 12,399
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,000 -
Trade creditors 10,744 15,561
Taxation and social security costs 31,561 29,529
Other creditors 3,552 6,125
47,857 51,215
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,000 -
7 Other information
THE BIG PICTURE COMPANY GLOBAL LTD is a private company limited by shares and incorporated in England. Its registered office is:
32 Cruickshank Grove
Crownhill
Milton Keynes
MK8 0ED
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