Abbreviated Company Accounts - BIG NEW WORLD LIMITED

Abbreviated Company Accounts - BIG NEW WORLD LIMITED

BIG NEW WORLD LIMITED - Company Information

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Registered Number 03927722

BIG NEW WORLD LIMITED

Abbreviated Accounts

31 July 2016

BIG NEW WORLD LIMITED Registered Number 03927722

Abbreviated Balance Sheet as at 31 July 2016

Notes 31/07/2016 31/01/2015
£ £
Fixed assets
Tangible assets 2 208 414
208 414
Current assets
Debtors 13,521 10,405
Cash at bank and in hand 7,895 19,006
21,416 29,411
Creditors: amounts falling due within one year (13,676) (16,837)
Net current assets (liabilities) 7,740 12,574
Total assets less current liabilities 7,948 12,988
Creditors: amounts falling due after more than one year (136,074) (165,289)
Total net assets (liabilities) (128,126) (152,301)
Capital and reserves
Called up share capital 25,001 25,001
Share premium account 52,500 52,500
Profit and loss account (205,627) (229,802)
Shareholders' funds (128,126) (152,301)
  • For the year ending 31 July 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 27 January 2017

And signed on their behalf by:
Rachel Somerville, Director

BIG NEW WORLD LIMITED Registered Number 03927722

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Other tangible assets - 25% Straight line.

2Tangible fixed assets
£
Cost
At 1 February 2015 3,740
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 3,740
Depreciation
At 1 February 2015 3,326
Charge for the year 206
On disposals -
At 31 July 2016 3,532
Net book values
At 31 July 2016 208
At 31 January 2015 414