Big Choice Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06842641 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2017 to 30 September 2018

for

Big Choice Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Morling

S P Andrews

REGISTERED OFFICE:

201 Borough High Street

London

SE1 1JA

REGISTERED NUMBER:

06842641 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

78,425

672,906

78,425

672,906

CURRENT ASSETS

Debtors

6

301,470

746,278

Cash at bank

66,990

49,251

368,460

795,529

CREDITORS

Amounts falling due within one year

7

528,157

887,720

NET CURRENT LIABILITIES

(159,697

)

(92,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(81,272

)

580,715

CREDITORS

Amounts falling due after more than one year

8

(2,470,248

)

(482,707

)

PROVISIONS FOR LIABILITIES

-

(124,473

)

NET LIABILITIES

(2,551,520

)

(26,465

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(2,551,720

)

(26,665

)

(2,551,520

)

(26,465

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 30 July 2019 and were signed on its behalf by:

C Morling - Director

S P Andrews - Director

1.	STATUTORY INFORMATION

Big Choice Group 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 38 (2017 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

327,135

At 30 September 2018

327,135

AMORTISATION

Charge for period

327,135

At 30 September 2018

327,135

NET BOOK VALUE

At 30 September 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,287,174

Additions

72,385

At 30 September 2018

1,359,559

DEPRECIATION

At 1 April 2017

614,268

Charge for period

666,866

At 30 September 2018

1,281,134

NET BOOK VALUE

At 30 September 2018

78,425

At 31 March 2017

672,906

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

31.3.17

£

£

Trade debtors

232,965

733,978

Other debtors

68,505

12,300

301,470

746,278

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

31.3.17

£

£

Bank loans and overdrafts

-

128,676

Trade creditors

93,886

240,792

Amounts owed to associates

27,166

-

Taxation and social security

109,267

280,289

Other creditors

297,838

237,963

528,157

887,720

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

31.3.17

£

£

Other creditors

2,470,248

482,707

Other creditors payable after more than one year represent loans to the company by the directors which are subject to

undertakings that these shall not be repaid within a period of at least 12 months from the balance sheet date.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is C Morling.

The ultimate controlling party is C Morling.