A Bigger Splash Limited |
Notes to the Accounts |
for the year ended 31 March 2017 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Computer equipment |
25% reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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2 |
Tangible fixed assets |
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Computer equipment |
£ |
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Cost |
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At 1 April 2016 |
4,158 |
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Additions |
716 |
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At 31 March 2017 |
4,874 |
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Depreciation |
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At 1 April 2016 |
3,117 |
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Charge for the year |
475 |
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At 31 March 2017 |
3,592 |
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Net book value |
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At 31 March 2017 |
1,282 |
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At 31 March 2016 |
1,041 |
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3 |
Debtors |
2017 |
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2016 |
£ |
£ |
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Trade debtors |
1,132 |
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1,473 |
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Other debtors |
122 |
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- |
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1,254 |
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1,473 |
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4 |
Creditors: amounts falling due within one year |
2017 |
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2016 |
£ |
£ |
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Other taxes and social security costs |
657 |
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409 |
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Other creditors |
4,583 |
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4,760 |
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5,240 |
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5,169 |
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5 |
Other information |
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A Bigger Splash Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Sir Robert Peel House |
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178 Bishopsgate |
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London |
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United Kingdom |
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EC2M 4NJ |