BIG Ape Media International Limited - Period Ending 2014-12-31

Registration number: 06792142

BIG Ape Media International Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

BIG Ape Media International Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

BIG Ape Media International Limited
(Registration number: 06792142)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					4,880			5,431
Current assets
Debtors					21,352			43,745
Cash at bank and in hand					10,050			246
					31,402			43,991
Creditors: Amounts falling due within one year					(9,700)			(31,040)
Net current assets					21,702			12,951
Total assets less current liabilities					26,582			18,382
Provisions for liabilities					(976)			(1,086)
Net assets					25,606			17,296
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					25,604			17,294
Shareholders' funds					25,606			17,296

Page 1

BIG Ape Media International Limited
(Registration number: 06792142)
Abbreviated Balance Sheet at 31 December 2014

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 May 2015 and signed on its behalf by:

S A Binns Director

L L Binns Director

Page 2

BIG Ape Media International Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Fully amortised

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

BIG Ape Media International Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2014		12,000			14,735			26,735
Additions		-			1,076			1,076
At 31 December 2014		12,000			15,811			27,811
Depreciation
At 1 January 2014		12,000			9,304			21,304
Charge for the year		-			1,627			1,627
At 31 December 2014		12,000			10,931			22,931
Net book value
At 31 December 2014		-			4,880			4,880
At 31 December 2013		-			5,431			5,431

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4

BIG Ape Media International Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 December 2014

4	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
S A Binns
Advances and repayments	39,878	33,311	-	-
L L Binns
Advances and repayments	39,878	33,311	-	-

Page 5