The Big Feed Limited 31/01/2020 iXBRL
The Big Feed Limited 31/01/2020 iXBRL
Company registration number:
SC586857
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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59 Admiral Street | ||
Glasgow | ||
G41 1HP | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Big Feed Limited
Year ended 31 January 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Big Feed Limited for the year ended 31 January 2020 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of The Big Feed Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Big Feed Limited and state those matters that we have agreed to state to the board of directors of The Big Feed Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Big Feed Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Big Feed Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Big Feed Limited. You consider that The Big Feed Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Big Feed Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
59 Admiral Street
Glasgow
G41 1HP
31 March 2020
Abridged statement of financial position
31 January 2020
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets/(liabilities) |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds/(deficit) |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 March 2020
, and are signed on behalf of the board by:
Director
Company registration number:
SC586857
Notes to the financial statements
Year ended 31 January 2020
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 59 Admiral Street, Glasgow, G41 1HP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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
Tangible assets
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:
Fittings fixtures and equipment | - |
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Impairment
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
18
(2019:
15
).
The aggregate payroll costs incurred during the year were:
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Wages and salaries |
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5.
Tangible assets
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Cost | ||
At 1 February 2019 |
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Additions |
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At 31 January 2020 |
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Depreciation | ||
At 1 February 2019 |
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Charge for the year |
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At 31 January 2020 |
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Carrying amount | ||
At 31 January 2020 |
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At 31 January 2019 |
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6.
Directors advances, credits and guarantees
Directors' benefits: advances, credit and guarantees. During the year under review no advances, credit or guarantees were granted by the company either to, or on behalf of, the directors.
7.
Related party transactions