1 1 Big Amateur Telescope Limited 09301376 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is Film Producer/Director Digita Accounts Production Advanced 6.30.9574.0 true true 09301376 2023-12-01 2024-11-30 09301376 2024-11-30 09301376 bus:Director1 1 2024-11-30 09301376 core:CurrentFinancialInstruments 2024-11-30 09301376 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 09301376 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 09301376 core:OfficeEquipment 2024-11-30 09301376 core:PlantMachinery 2024-11-30 09301376 bus:SmallEntities 2023-12-01 2024-11-30 09301376 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09301376 bus:FilletedAccounts 2023-12-01 2024-11-30 09301376 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09301376 bus:RegisteredOffice 2023-12-01 2024-11-30 09301376 bus:Director1 2023-12-01 2024-11-30 09301376 bus:Director1 1 2023-12-01 2024-11-30 09301376 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09301376 core:ComputerEquipment 2023-12-01 2024-11-30 09301376 core:OfficeEquipment 2023-12-01 2024-11-30 09301376 core:PlantMachinery 2023-12-01 2024-11-30 09301376 countries:AllCountries 2023-12-01 2024-11-30 09301376 2023-11-30 09301376 bus:Director1 1 2023-11-30 09301376 core:OfficeEquipment 2023-11-30 09301376 core:PlantMachinery 2023-11-30 09301376 2022-12-01 2023-11-30 09301376 2023-11-30 09301376 core:CurrentFinancialInstruments 2023-11-30 09301376 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 09301376 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 09301376 core:OfficeEquipment 2023-11-30 09301376 core:PlantMachinery 2023-11-30 xbrli:pure iso4217:GBP

Registration number: 09301376

Big Amateur Telescope Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Big Amateur Telescope Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Big Amateur Telescope Limited

(Registration number: 09301376)
Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,218

12,363

Current assets

 

Debtors

5

1,794

1,622

Cash at bank and in hand

 

5,759

2,729

 

7,553

4,351

Creditors: Amounts falling due within one year

6

(13,459)

(9,782)

Net current liabilities

 

(5,906)

(5,431)

Total assets less current liabilities

 

2,312

6,932

Creditors: Amounts falling due after more than one year

6

(2,060)

(5,250)

Net assets

 

252

1,682

Capital and reserves

 

Called up share capital

2

2

Retained earnings

250

1,680

Shareholders' funds

 

252

1,682

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 August 2025
 

.........................................
Mr T R Griffin
Director

   
     
 

Big Amateur Telescope Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

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

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
Greater Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 26 August 2025.

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.

 

Big Amateur Telescope Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Going concern

At the balance sheet date, the company had net current liabilities. The company has received assurances from the director that he will continue to give financial support to the company for the foreseeable future and for a period not less than 12 months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% on Cost

Office equipment

20% on Cost

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 Amateur Telescope Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade 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.

Trade 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.

 

Big Amateur Telescope Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Computer equipment
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2023

16,966

21,388

38,354

Additions

317

450

767

At 30 November 2024

17,283

21,838

39,121

Depreciation

At 1 December 2023

15,119

10,872

25,991

Charge for the year

896

4,016

4,912

At 30 November 2024

16,015

14,888

30,903

Carrying amount

At 30 November 2024

1,268

6,950

8,218

At 30 November 2023

1,847

10,516

12,363

5

Debtors

Current

2024
£

2023
£

Trade debtors

134

134

Other debtors

1,660

1,488

 

1,794

1,622

 

Big Amateur Telescope Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

3,500

3,811

Trade creditors

 

1,508

12

Taxation and social security

 

8,451

5,271

Other creditors

 

-

688

 

13,459

9,782

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

2,060

5,250

7

Related party transactions

Transactions with the director

2024

At 1 December 2023
£

Advances to director
£

At 30 November 2024
£

Mr T R Griffin

Net advances with no set repayment date and no interest charged

-

(842)

(842)