Bighead Limited - Limited company - abbreviated - 11.6

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

BIGHEAD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Stevens

M Cowell

P James

D T Dean

S Zehnder

SECRETARY:

M Stevens

REGISTERED OFFICE:

15-16 West Howe Ind Est

Elliott Road

Bournemouth

Dorset

BH11 8LZ

REGISTERED NUMBER:

05611349 (England and Wales)

FIXED ASSETS

Investments

2

-

2,947,418

CURRENT ASSETS

Debtors

3

2

160,690

Cash at bank

-

1,069

2

161,759

CREDITORS

Amounts falling due within one year

4

-

119,000

NET CURRENT ASSETS

2

42,759

TOTAL ASSETS LESS CURRENT LIABILITIES

2

2,990,177

CREDITORS

Amounts falling due after more than one year

4

-

3,830,097

NET ASSETS/(LIABILITIES)

2

(839,920

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Share premium

-

545,037

Profit and loss account

-

(1,384,959

)

SHAREHOLDERS' FUNDS

2

(839,920

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 May 2015 and were signed on its behalf by:

M Stevens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

The company ceased trading on 31 December 2014.

Preparation of consolidated financial statements

The financial statements contain information about Bighead Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the

Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

2,947,418

Disposals

(2,947,418

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

2,947,418

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 2 (2013 - £ 160,690 )

4.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 1,907,281 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

6.	ULTIMATE PARENT COMPANY

The ultimate parent company is Bighead Fasteners Limited which holds 100% of the shares in Bighead Limited.