BIGSHOW PRODUCTIONS LTD - Filleted accounts

Registered number

03910423

BIGSHOW PRODUCTIONS LTD

Report and Accounts

31 December 2024

BIGSHOW PRODUCTIONS LTD
Registered number:		03910423
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		217,591			217,411

Current assets
Debtors	5	2,932			2,889
Cash at bank and in hand		-			174
		2,932			3,063

Creditors: amounts falling due within one year	6	(164,609)			(154,812)

Net current liabilities			(161,677)			(151,749)

Net assets			55,914			65,662

Capital and reserves
Called up share capital			350,001			350,001
Profit and loss account			(294,087)			(284,339)

Shareholders' funds			55,914			65,662

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.




C A Frewin
Director
Approved by the board on 15 April 2025

BIGSHOW PRODUCTIONS LTD
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Turnover
	Revenue is generated from the issuing of rights to produce film and television shows and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Render of services: Revenue is recognised in the period in which the invoices are issued in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
	Going concern
	The director of the company has confirmed that they will support the company to enable it to continue to pay its nonrelated party liabilities as they fall due for a period of not less than 12 months from the date the financial statements are authorised.
	Intangible fixed assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

	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	20% Straight line

	Impairment of assets
	Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGU's). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

	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.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		2		2


3	Intangible fixed assets				£
	Development cost

	Cost
	At 1 January 2024				217,411
	Additions				180
	At 31 December 2024				217,591

	Amortisation
	At 31 December 2024				-

	Net book value
	At 31 December 2024				217,591
	At 31 December 2023				217,411



4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				19,438
	At 31 December 2024				19,438

	Depreciation
	At 1 January 2024				19,438
	At 31 December 2024				19,438

	Net book value
	At 31 December 2024				-


5	Debtors		2024		2023
£				£

	Trade debtors		2,932		2,889


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		210		134
	Taxation and social security costs		227		228
	Other creditors		164,172		154,450
			164,609		154,812


7	Other information

	BIGSHOW PRODUCTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	14 Clare Hollow
	Albany Close
	Esher
	Surrey
	KT10 9JR