| Big Picture Business Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Big Picture Business Limited for the year ended 31 December 2012 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Big Picture Business Limited for the year ended 31 December 2012 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Big Picture Business Limited, as a body, in accordance with the terms of our engagement letter dated 4 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Big Picture Business Limited and state those matters that we have agreed to state to the Board of Directors of Big Picture Business Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Big Picture Business Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Big Picture Business Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Big Picture Business Limited. You consider that Big Picture Business 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 accounts of Big Picture Business 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 abbreviated accounts. |
|
| M J Roberts Associates Ltd |
| Chartered Accountants |
| 1st Floor, Regency House |
| Kings Place |
| Buckhurst Hill |
| Essex |
| IG9 5EB |
|
| 14 July 2014 |
|
| Big Picture Business Limited |
| Registered number: |
04472213 |
| Abbreviated Balance Sheet |
| as at 31 December 2012 |
|
| Notes |
|
|
2012 |
|
|
2011 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
82,378 |
|
|
87,223 |
| Tangible assets |
3 |
|
|
7,282 |
|
|
14,445 |
|
|
|
|
89,660 |
|
|
101,668 |
|
| Current assets |
| Debtors |
|
|
18,978 |
|
|
26,985 |
| Cash at bank and in hand |
|
|
7 |
|
|
- |
|
|
|
18,985 |
|
|
26,985 |
|
| Creditors: amounts falling due within one year |
|
|
(58,280) |
|
|
(48,779) |
|
| Net current liabilities |
|
|
|
(39,295) |
|
|
(21,794) |
|
| Total assets less current liabilities |
|
|
|
50,365 |
|
|
79,874 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(49,400) |
|
|
(57,070) |
|
|
|
| Net assets |
|
|
|
965 |
|
|
22,804 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Share premium |
|
|
|
239,002 |
|
|
239,002 |
| Profit and loss account |
|
|
|
(239,037) |
|
|
(217,198) |
|
| Shareholders' funds |
|
|
|
965 |
|
|
22,804 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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. |
|
|
|
| T Moorehead |
| Director |
| Approved by the board on 8 July 2014 |
|
| Big Picture Business Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2012 |
|
| 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 value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2012 |
96,913 |
|
At 31 December 2012 |
96,913 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2012 |
9,690 |
|
Provided during the year |
4,845 |
|
At 31 December 2012 |
14,535 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2012 |
82,378 |
|
At 31 December 2011 |
87,223 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2012 |
18,440 |
|
Disposals |
(9,540) |
|
At 31 December 2012 |
8,900 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2012 |
3,995 |
|
Charge for the year |
890 |
|
On disposals |
(3,267) |
|
At 31 December 2012 |
1,618 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2012 |
7,282 |
|
At 31 December 2011 |
14,445 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2012 |
|
2012 |
|
2011 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
