BIG Warranties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07002567

BIG WARRANTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

BIG WARRANTIES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

BIG WARRANTIES LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	M J Cant
	R J Waters

Registered office	Enterprise House
	21 Oxford Road
	Bournemouth
	Dorset
	BH8 8EY

Accountants	Wilkins Southworth
	Chartered Certified Accountants
	10-12 High Street
	Barnes
	London
	SW13 9LW

BIG WARRANTIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

CURRENT ASSETS

Debtors	6	286,969	357,134
Cash at bank and in hand		705,460	612,775
		-----------	-----------
		992,429	969,909

CREDITORS: amounts falling due within one year	7	( 825,718)		( 828,173)
		-----------		-----------
NET CURRENT ASSETS			166,711	141,736
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			166,711	141,736
			-----------	-----------
NET ASSETS			166,711	141,736
			-----------	-----------

CAPITAL AND RESERVES

Called up share capital	10	10
Profit and loss account	166,701	141,726
	-----------	-----------
SHAREHOLDERS FUNDS	166,711	141,736
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

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

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

BIG WARRANTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 November 2025 , and are signed on behalf of the board by:

R J Waters

Director

Company registration number: 07002567

BIG WARRANTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 21 Oxford Road, Bournemouth, Dorset, BH8 8EY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Equipment	-	33% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 50 (2024: 58 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	52,462	101,453	153,915
	---------	-----------	-----------
Depreciation
At 1 April 2024 and 31 March 2025	52,462	101,453	153,915
	---------	-----------	-----------
Carrying amount
At 31 March 2025	–	–	–
	---------	-----------	-----------
At 31 March 2024	–	–	–
	---------	-----------	-----------

6. Debtors

	2025	2024
	£	£
Other debtors	286,969	357,134
	-----------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	185,403	215,124
Amounts owed to group undertakings	134,856	134,856
Corporation tax	841	29,616
Social security and other taxes	37,862	41,119
Other creditors	466,756	407,458
	-----------	-----------
	825,718	828,173
	-----------	-----------