ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

31 December 2024

Registered number: 10023862

BIGMORE WILLS AND PROBATE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

BIGMORE WILLS AND PROBATE LIMITED

REGISTERED NUMBER: 10023862

BALANCE SHEET

AS AT 31 DECEMBER 2024


	31 December 2024	31 May 2024
Note	£	£

Fixed assets
Tangible assets			375		-
			375		-
Current assets
Debtors: amounts falling due within one year	5	52,418		46,224
Cash at bank and in hand	6	17,258		4,577
		69,676		50,801
Creditors: amounts falling due within one year	7	(45,674)		(24,723)
Net current assets			24,002		26,078
Total assets less current liabilities			24,377		26,078
Creditors: amounts falling due after more than one year			(1,500)		(3,250)

Net assets			22,877		22,828

Capital and reserves
Called up share capital	100	100
Profit and loss account	22,777	22,728
	22,877	22,828

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BIGMORE WILLS AND PROBATE LIMITED

REGISTERED NUMBER: 10023862

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2025.

A Nettleship

Director

The notes on pages 3 to 8 form part of these financial statements.

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BIGMORE WILLS AND PROBATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Bigmore Wills & Probate Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The Company's registered office is St Georges House, Walton on Thames, Surrey, United Kingdom, KT12 1AF. The Company's principal activity is that of providing will writing and probate services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided 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.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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BIGMORE WILLS AND PROBATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

BIGMORE WILLS AND PROBATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 5 (2024 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	422
	At 31 December 2024	422
	Depreciation
	Charge for the period on owned assets	47
	At 31 December 2024	47
	Net book value
	At 31 December 2024	375
	At 31 May 2024	-

Page 5

BIGMORE WILLS AND PROBATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors


					31 December 2024	31 May 2024
					£	£


Trade debtors	49,902	42,059
Other debtors	467	3,167
Prepayments and accrued income	2,049	998
	52,418	46,224

	Cash at bank and in hand	17,258	4,577

Bank loans	3,000	3,000
Trade creditors	6,058	1,891
Other taxation and social security	13,438	7,626
Other creditors	15,841	5,841
Accruals and deferred income	7,337	6,365
	45,674	24,723

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BIGMORE WILLS AND PROBATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Bank loans	1,500	3,250

Amounts falling due within one year
Bank loans	3,000	3,000
Amounts falling due 1-2 years
Bank loans	1,500	3,000
Amounts falling due 2-5 years
Bank loans	-	250

	4,500	6,250

Allotted, called up and fully paid

100 (2024 - 100) Ordinary A shares of £1.00 each	100	100

11.

Reserves

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends
and other adjustments.

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BIGMORE WILLS AND PROBATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

12.	Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,677 (31 May 2024 - £816). There were no contributions (31 May 2024 - £Nil) payable to the fund at the balance sheet date.

13.	Related party transactions
	At the period end, included within other debtors are amounts owed from a director of £167 (31 May 2024 - £3,167). At the period end, included within other creditors are amounts owed to a director of £10,000 (31 May 2024 - £Nil). At the period end, included within creditors are amounts owed by the Company of £4,950 (31 May 2024 - £1,864) to companies under common control.

14.	Controlling party

The company is controlled by Mr A Nettleship.

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