Company registration number 10597115 (England and Wales)
BIG PICTURE WEALTH PLANNING LTD
Unaudited financial statements
For the year ended 31 March 2025
Pages for filing with registrar
BIG PICTURE WEALTH PLANNING LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
BIG PICTURE WEALTH PLANNING LTD
STATEMENT OF FINANCIAL POSITION
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
1,591
1,970
Current assets
Trade and other receivables
5
18,232
21,758
Cash and cash equivalents
16,809
23,944
35,041
45,702
Current liabilities
6
(33,945)
(27,048)
Net current assets
1,096
18,654
Total assets less current liabilities
2,687
20,624
Non-current liabilities
7
(1,856)
(9,164)
Net assets
831
11,460
Equity
Called up share capital
8
100
100
Retained earnings
731
11,360
Total equity
831
11,460

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 6 November 2025
D J Dodds
Director
Company Registration No. 10597115
BIG PICTURE WEALTH PLANNING LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
- 2 -
1
Accounting policies
Company information

Big Picture Wealth Planning Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39 Park Avenue West, Epsom, Surrey, KT17 2NU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and performance obligation is deemed to be satisfied when the work has been completed and paid for.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost less depreciation and less any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Office & IT equipment
33.33% reducing balance per annum
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BIG PICTURE WEALTH PLANNING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgement

The company is unable to reliably estimate its accrued income relating to the financial planning services that it provides, as the company does not know when or how much it will be paid for its services until after the process has been completed, which could be 18 months after the process has started. Hence, no accrued income is provided for by the company.

BIG PICTURE WEALTH PLANNING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
2
4
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 April 2024
5,809
Additions
416
At 31 March 2025
6,225
Depreciation and impairment
At 1 April 2024
3,839
Depreciation charged in the year
795
At 31 March 2025
4,634
Carrying amount
At 31 March 2025
1,591
At 31 March 2024
1,970
5
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
16,788
21,758
Other receivables
1,444
-
0
18,232
21,758
BIG PICTURE WEALTH PLANNING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
- 5 -
6
Current liabilities
2025
2024
£
£
Bank loans
7,308
7,128
Trade payables
540
-
0
Corporation tax
15,204
6,507
Other taxation and social security
1,957
2,745
Other payables
8,936
10,668
33,945
27,048
7
Non-current liabilities
2025
2024
£
£
Bank loans
1,856
9,164
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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