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Registered number: 07762939
BIG ANT VIDEO LTD
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07762939
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 17,203 5,591
17,203 5,591
CURRENT ASSETS
Debtors 6 5,520 6,717
Cash at bank and in hand 32,559 36,340
38,079 43,057
Creditors: Amounts Falling Due Within One Year 7 (12,533 ) (15,031 )
NET CURRENT ASSETS (LIABILITIES) 25,546 28,026
TOTAL ASSETS LESS CURRENT LIABILITIES 42,749 33,617
PROVISIONS FOR LIABILITIES
Deferred Taxation (847 ) (1,398 )
NET ASSETS 41,902 32,219
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 41,802 32,119
SHAREHOLDERS' FUNDS 41,902 32,219
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Balaam
Director
19 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BIG ANT VIDEO LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07762939 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 11,000
As at 30 September 2024 11,000
Amortisation
As at 1 October 2023 11,000
As at 30 September 2024 11,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 - 22,921 22,921
Additions 16,845 2,158 19,003
As at 30 September 2024 16,845 25,079 41,924
Depreciation
As at 1 October 2023 - 17,330 17,330
Provided during the period 4,211 3,180 7,391
As at 30 September 2024 4,211 20,510 24,721
Net Book Value
As at 30 September 2024 12,634 4,569 17,203
As at 1 October 2023 - 5,591 5,591
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,520 6,098
Other debtors - 619
5,520 6,717
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36 -
Other creditors 8,293 10,446
Taxation and social security 4,204 4,585
12,533 15,031
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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