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REGISTERED NUMBER: 13584277 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Big L Autos Ltd

Big L Autos Ltd (Registered number: 13584277)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Big L Autos Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: L I Chapman





REGISTERED OFFICE: Boardman Conway
23A High Street
Weaverham
Northwich
CW8 3HA





REGISTERED NUMBER: 13584277 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

Big L Autos Ltd (Registered number: 13584277)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,890 10,224

CURRENT ASSETS
Stocks 5 4,000 4,000
Cash at bank - 1,185
4,000 5,185
CREDITORS
Amounts falling due within one year 6 38,694 30,873
NET CURRENT LIABILITIES (34,694 ) (25,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,804

)

(15,464

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (25,806 ) (15,466 )
(25,804 ) (15,464 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2025 and were signed by:





L I Chapman - Director


Big L Autos Ltd (Registered number: 13584277)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Big L Autos Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax, sales taxes, refunds and discounts. Income is recognised in the month that the services are provided and is measured at the fair value of the consideration received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 25% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Big L Autos Ltd (Registered number: 13584277)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 13,098 500 1,488 15,086
Additions 2,383 - - 2,383
At 31 August 2024 15,481 500 1,488 17,469
DEPRECIATION
At 1 September 2023 4,049 219 594 4,862
Charge for year 3,275 70 372 3,717
At 31 August 2024 7,324 289 966 8,579
NET BOOK VALUE
At 31 August 2024 8,157 211 522 8,890
At 31 August 2023 9,049 281 894 10,224

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 4,000 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 3,326 -
Trade creditors 1 -
VAT 2,908 2,010
Directors' current accounts 29,409 26,163
Accrued expenses 3,050 2,700
38,694 30,873