One Big Idea Ltd - Period Ending 2016-03-31

Registration number: 07099872

One Big Idea Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Carpenter Keen LLP
Chartered Accountants
Fourth Floor
18-20 Hill Rise
Richmond
Surrey
TW10 6UA

One Big Idea Ltd
(Registration number: 07099872)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Debtors					18,250			-
Cash at bank and in hand					2,032			1,262
					20,282			1,262
Creditors: Amounts falling due within one year					(17,281)			(1,133)
Net assets					3,001			129
Capital and reserves
Called up share capital		2			250			100
Profit and loss account					2,751			29
Shareholders' funds					3,001			129

For the year ending 31 March 2016 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 21 December 2016 and signed on its behalf by:

.........................................
D C Blackler
Director

The notes on page 2 form part of these financial statements.
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One Big Idea Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016

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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		250			250			100			100

New shares allotted

During the year 150 Ordinary shares having an aggregate nominal value of £150 were allotted for an aggregate consideration of £150.

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