Bigwig Advisory Limited - Abbreviated accounts

BIGWIG ADVISORY LIMITED - Company Information

Registered number

07335698

Bigwig Advisory Limited

Abbreviated Accounts

31 July 2015

Bigwig Advisory Limited
Registered number:		07335698
Abbreviated Balance Sheet
as at 31 July 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		1,884			314

Current assets
Debtors		18,375			476
Cash at bank and in hand		356,797			83,482
		375,172			83,958

Creditors: amounts falling due within one year		(147,663)			(37,059)

Net current assets			227,509			46,899

Total assets less current liabilities			229,393			47,213


Provisions for liabilities			(377)			(63)

Net assets			229,016			47,150

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			228,916			47,050

Shareholders' funds			229,016			47,150

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



……………………………………
S B Withey
Director
Approved by the board on 20 November 2015

Bigwig Advisory Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Any income invoiced in the period in respect of services to be provided to customers in future accounting periods, is deferred to the extent that it would be repayable if those services were not provided.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10% on reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 August 2014					479
	Additions					1,779
	At 31 July 2015					2,258

	Depreciation
	At 1 August 2014					165
	Charge for the year					209
	At 31 July 2015					374

	Net book value
	At 31 July 2015					1,884
	At 31 July 2014					314


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		98		98		98
	A' & 'B' ordinary shares	£1 each		2		2		2
						100		100