Big Up Productions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03842389 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Big Up Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L E Christie

S Barrett

SECRETARY:

S Barrett

REGISTERED OFFICE:

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

REGISTERED NUMBER:

03842389 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,542

2,621

CURRENT ASSETS

Debtors

5

46,781

99,231

Cash at bank

18,878

21,029

65,659

120,260

CREDITORS

Amounts falling due within one year

6

106,535

122,734

NET CURRENT LIABILITIES

(40,876

)

(2,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(39,334

)

147

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(39,434

)

47

SHAREHOLDERS' FUNDS

(39,334

)

147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 31 July 2019 and were signed on its behalf by:

S Barrett - Director

1.	STATUTORY INFORMATION

Big Up Productions Limited 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & Equipment

-

25% - 33.3% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

& Equipment

£

COST

At 1 November 2017

and 31 October 2018

30,885

DEPRECIATION

At 1 November 2017

28,264

Charge for year

1,079

At 31 October 2018

29,343

NET BOOK VALUE

At 31 October 2018

1,542

At 31 October 2017

2,621

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

17,182

55,819

Other debtors

6,500

6,500

Directors' current accounts

7,742

8,628

Corporation tax

2,804

6,106

VAT

327

1,754

Prepayments and accrued income

12,226

20,424

46,781

99,231

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

93,886

108,659

Social security and other taxes

1,825

1,859

Other creditors

340

-

Accruals and deferred income

10,484

12,216

106,535

122,734

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2018 and

31 October 2017:

31.10.18

31.10.17

£

£

L E Christie

Balance outstanding at start of year

(8,628

)

808

Amounts advanced

(2,000

)

(16,229

)

Amounts repaid

2,886

6,793

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,742

)

(8,628

)