The Big Funk Pie Limited - Accounts to registrar - small 17.2

The Big Funk Pie Limited - Accounts to registrar - small 17.2

THE BIG FUNK PIE LIMITED - Company Information

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REGISTERED NUMBER: 04666125 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2017

for

The Big Funk Pie Limited

The Big Funk Pie Limited (Registered number: 04666125)






Contents of the Financial Statements
for the Year Ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Big Funk Pie Limited

Company Information
for the Year Ended 28 February 2017







DIRECTOR: S Golding





REGISTERED OFFICE: Bentlys Hound House Road
Shere
Guildford
Surrey
GU5 9JH





REGISTERED NUMBER: 04666125 (England and Wales)





ACCOUNTANTS: LCP Accounting LLP
16a The Parade
Yateley
Hampshire
GU46 7UN
Page 1
The Big Funk Pie Limited (Registered number: 04666125)

Balance Sheet
28 February 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 322 430

CURRENT ASSETS
Debtors 6 10,424 15,466
Cash at bank 1,334 17
11,758 15,483
CREDITORS
Amounts falling due within one year 7 12,056 15,902
NET CURRENT LIABILITIES (298 ) (419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
24
11

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 14 1
SHAREHOLDERS' FUNDS 24 11

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial
year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which
otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
company.

The notes form part of these financial statements

Page 2 continued...
The Big Funk Pie Limited (Registered number: 04666125)

Balance Sheet - continued
28 February 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 October 2017 and were signed by:





S Golding - Director


The notes form part of these financial statements

Page 3
The Big Funk Pie Limited (Registered number: 04666125)

Notes to the Financial Statements
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

The Big Funk Pie Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements for the period ended 28 February 2017 are the first financial statements that comply with FRS 102
Section 1A small entities. The date of transition is 1 March 2015.

The changes in the transition to FRS 102 Section 1A small entities are explained in note 11.

Significant judgements and estimates
There have not been any estimation uncertainties in the application of the accounting policies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax
and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and
liabilities.
Financial assets are measured at amortised cost and comprise of cash and cash equivalents and trade and other debtors.
Financial liabilities are measured at amortised cost and comprise of trade and other creditors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it
relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.


Page 4 continued...
The Big Funk Pie Limited (Registered number: 04666125)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which
they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or
substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2016
and 28 February 2017 1,628
DEPRECIATION
At 1 March 2016 1,198
Charge for year 108
At 28 February 2017 1,306
NET BOOK VALUE
At 28 February 2017 322
At 29 February 2016 430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade debtors 7,815 11,237
Other debtors 2,609 4,229
10,424 15,466

Page 5 continued...
The Big Funk Pie Limited (Registered number: 04666125)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Bank loans and overdrafts - 1,966
Trade creditors 1,624 3,557
Taxation and social security 2,790 2,904
Other creditors 7,642 7,475
12,056 15,902

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017 and 29 February 2016:

28.2.17 29.2.16
£    £   
S Golding
Balance outstanding at start of year 4,229 3,523
Amounts advanced - 4,229
Amounts repaid (2,220 ) (3,523 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,009 4,229

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Golding.

10. FIRST YEAR ADOPTION

The transition to FRS 102 Section 1A small entities has resulted in no material changes in accounting policies to those
previously used.


Page 6