One Big Idea Ltd - Period Ending 2017-03-31

Registration number: 07099872

One Big Idea Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

One Big Idea Ltd

(Registration number: 07099872)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Current assets
Debtors	3	7,595	18,250
Cash at bank and in hand		7,497	2,032
		15,092	20,282
Creditors: Amounts falling due within one year	4	(13,549)	(17,281)
Net assets		1,543	3,001
Capital and reserves
Called up share capital		250	250
Profit and loss account		1,293	2,751
Total equity		1,543	3,001

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 December 2017 and signed on its behalf by:
 

.........................................

D C Blackler

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

One Big Idea Ltd

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Fourth Floor
18-20 Hill Rise
Richmond
Surrey
TW10 6UA
United Kingdom

These financial statements were authorised for issue by the Board on 19 December 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. This is the first year in which the financial statements have been prepared under FRS 102. No material differences arise from this transition and accordingly no restatement has been required to net equity at the date of transition or at the last year end, or the result for the year then ended.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

	2017 £	2016 £
Trade debtors	-	18,250
Other debtors	7,595	-
Total current trade and other debtors	7,595	18,250

Page 2

One Big Idea Ltd

Notes to the Financial Statements for the Year Ended 31 March 2017

4

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		4,633	4,837
Taxation and social security		8,863	2,373
Other creditors		53	10,071
		13,549	17,281

Page 3