ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-07-312021-07-31truetrue22020-08-01falseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04848027 2020-08-01 2021-07-31 04848027 2019-08-01 2020-07-31 04848027 2021-07-31 04848027 2020-07-31 04848027 c:Director2 2020-08-01 2021-07-31 04848027 d:OfficeEquipment 2020-08-01 2021-07-31 04848027 d:ComputerEquipment 2020-08-01 2021-07-31 04848027 d:ComputerEquipment 2021-07-31 04848027 d:ComputerEquipment 2020-07-31 04848027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-08-01 2021-07-31 04848027 d:CurrentFinancialInstruments 2021-07-31 04848027 d:CurrentFinancialInstruments 2020-07-31 04848027 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 04848027 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 04848027 d:ShareCapital 2021-07-31 04848027 d:ShareCapital 2020-07-31 04848027 d:RetainedEarningsAccumulatedLosses 2021-07-31 04848027 d:RetainedEarningsAccumulatedLosses 2020-07-31 04848027 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-07-31 04848027 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-07-31 04848027 c:OrdinaryShareClass1 2020-08-01 2021-07-31 04848027 c:OrdinaryShareClass1 2021-07-31 04848027 c:OrdinaryShareClass1 2020-07-31 04848027 c:OrdinaryShareClass2 2020-08-01 2021-07-31 04848027 c:OrdinaryShareClass2 2021-07-31 04848027 c:OrdinaryShareClass2 2020-07-31 04848027 c:FRS102 2020-08-01 2021-07-31 04848027 c:AuditExempt-NoAccountantsReport 2020-08-01 2021-07-31 04848027 c:FullAccounts 2020-08-01 2021-07-31 04848027 c:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31 04848027 d:Associate1 2020-08-01 2021-07-31 04848027 d:Associate1 1 2020-08-01 2021-07-31 04848027 d:AcceleratedTaxDepreciationDeferredTax 2021-07-31 04848027 d:AcceleratedTaxDepreciationDeferredTax 2020-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04848027

BIG ALP LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

BIG ALP LTD

REGISTERED NUMBER: 04848027

BALANCE SHEET

AS AT 31 JULY 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		2,624		2,827
Investments	5		1		1
			2,625		2,828
Current assets
Debtors: amounts falling due within one year	6	11,966		375
Cash at bank and in hand	7	35,718		47,367
		47,684		47,742
Creditors: amounts falling due within one year	8	(16,953)		(21,434)
Net current assets			30,731		26,308
Total assets less current liabilities			33,356		29,136
Provisions for liabilities
Deferred tax	10	(499)		(537)
			(499)		(537)
Net assets			32,857		28,599

Capital and reserves
Called up share capital	11	2	2
Profit and loss account		32,855	28,597
		32,857	28,599

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BIG ALP LTD

REGISTERED NUMBER: 04848027

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Wood

Director

Date: 28 April 2022

The notes on pages 3 to 8 form part of these financial statements.

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BIG ALP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

1.ACCOUNTING POLICIES

1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

1.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

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BIG ALP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

1.ACCOUNTING POLICIES (CONTINUED)

1.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

1.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.6

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

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BIG ALP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

1.ACCOUNTING POLICIES (CONTINUED)

1.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.10

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

1.11

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

1.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.	GENERAL INFORMATION

Big Alp Ltd is a limited company incorporated in England and Wales. The Company’s registered office is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent, TN3 8AD.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

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BIG ALP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

4.	TANGIBLE FIXED ASSETS

		Office equipment
		£
	Cost or valuation
	At 1 August 2020	7,965
	Additions	1,130
	Disposals	(4,027)
	At 31 July 2021	5,068
	Depreciation
	At 1 August 2020	5,138
	Charge for the year on owned assets	729
	Disposals	(3,423)
	At 31 July 2021	2,444
	Net book value
	At 31 July 2021	2,624
	At 31 July 2020	2,827

5.	FIXED ASSET INVESTMENTS

		Investments in associates
		£
	COST
	At 1 August 2020	1
	At 31 July 2021	1

ASSOCIATE
The following was an associate of the Company:
Name	Principal activity	Class of shares	Holding

Attaboy Holdings Ltd

Property Rental

Ordinary

50%

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BIG ALP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

DEBTORS

					2021	2020
					£	£


Directors' loan account	9,293	-
Other debtors	2,673	375
	11,966	375

Included within debtors due within one year is a loan to the directors amounting to £9,293 (2020 - £0). The directors intend to repay the loan in full by 30 April 2022.

7.	CASH AND CASH EQUIVALENTS
		2021	2020
		£	£

	Cash at bank and in hand	35,718	47,367

8.	CREDITORS: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	340	120
Taxation and social security	14,993	14,940
Directors' loan account	-	4,754
Other creditors	1,620	1,620
	16,953	21,434

9.	FINANCIAL INSTRUMENTS
		2021	2020
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	35,718	47,367

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

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BIG ALP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

10.	DEFERRED TAXATION

		2021
		£

	At beginning of year	(537)
	Charged to profit or loss	38
	At end of year	(499)

The provision for deferred taxation is made up as follows:
	2021	2020
	£	£

Accelerated capital allowances

(499)

(537)

11.	SHARE CAPITAL
		2021	2020
		£	£

Allotted, called up and fully paid

1 (2020 - 1) Ordinary share of £1.00	1	1
1 (2020 - 1) B Ordinary share of £1.00	1	1

	2	2

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