REGISTERED NUMBER: 03666098 (England and Wales)

A&J Big Tops Limited

Unaudited Financial Statements

for the Year Ended 30 November 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

John Fossett Roberts

John Alejandro Roberts

SECRETARY:

John Fossett Roberts

REGISTERED OFFICE:

1 Roberts Lane

Brook Farm Polebrook

Peterborough

Cambridgeshire

PE8 5LS

REGISTERED NUMBER:

03666098 (England and Wales)

ACCOUNTANTS:

Haines Watts Peterborough Limited

32 Thorpe Wood

Thorpe Wood Business Park

Peterborough

Cambridgeshire

PE3 6SR

FIXED ASSETS

Tangible assets

5

1,741,612

1,777,594

CURRENT ASSETS

Stocks

100,000

100,000

Debtors

6

52,537

152,895

Cash at bank

57,285

80,611

209,822

333,506

CREDITORS

Amounts falling due within one year

7

1,305,983

1,318,025

NET CURRENT LIABILITIES

(1,096,161

)

(984,519

)

TOTAL ASSETS LESS CURRENT LIABILITIES

645,451

793,075

CREDITORS

Amounts falling due after more than one year

8

(39,174

)

(76,937

)

PROVISIONS FOR LIABILITIES

(129,155

)

(144,340

)

NET ASSETS

477,122

571,798

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

477,119

571,795

SHAREHOLDERS' FUNDS

477,122

571,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 February 2019 and were signed on its behalf by:

John Alejandro Roberts - Director

1.	STATUTORY INFORMATION

A&J Big Tops Limited is a private company, limited by shares, registered in England and Wales under the

company number 03666098 at the registered office 1 Robert Lane, Brook Farm Polebrook, Peterborough,

Cambridgeshire, PE8 5LS.

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

The financial statements have been prepared under the historical cost convention.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from bank and other third paries and loans

to connected companies.

Loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method , less impairment.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2017 - 20 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2017

3,804,884

30,024

143,834

4,393

3,983,135

Additions

388,000

20,000

5,500

628

414,128

At 30 November 2018

4,192,884

50,024

149,334

5,021

4,397,263

DEPRECIATION

At 1 December 2017

2,127,472

4,995

72,491

583

2,205,541

Charge for year

424,161

6,254

18,639

1,056

450,110

At 30 November 2018

2,551,633

11,249

91,130

1,639

2,655,651

NET BOOK VALUE

At 30 November 2018

1,641,251

38,775

58,204

3,382

1,741,612

At 30 November 2017

1,677,412

25,029

71,343

3,810

1,777,594

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2017

and 30 November 2018

166,908

23,288

190,196

DEPRECIATION

At 1 December 2017

13,909

6,551

20,460

Charge for year

38,249

4,184

42,433

At 30 November 2018

52,158

10,735

62,893

NET BOOK VALUE

At 30 November 2018

114,750

12,553

127,303

At 30 November 2017

152,999

16,737

169,736

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

65,027

61,862

Bad debt provision

(17,190

)

-

Amounts owed by connected companies

-

28,219

Payments on account

-

58,114

Loan to employee

4,700

4,700

52,537

152,895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts (see note 9)

252,770

344,559

Hire purchase contracts

37,763

35,742

Trade creditors

19,629

12,694

Amounts owed to connected companies

194,367

-

Taxation and social security

31,874

30,498

Other creditors

769,580

894,532

1,305,983

1,318,025

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

39,174

76,937

9.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

252,770

325,604

Bank loans

-

18,955

Preference shares

3

3

252,773

344,562

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdraft

252,770

-

Hire purchase contracts

76,937

-

329,707

-

The bank holds a fixed and floating charge over the fixed and current assets of the company and the connected

company and any partnership assets held by the director/shareholders.

11.	RELATED PARTY DISCLOSURES

At the year end the company owed the directors £76,170 (2017 £144,837), this loan is interest free and

repayable on demand.

Circus Promotions Limited is a company which is under common control with the directors and shareholders of

A & J Big Tops Limited.

During the year A & J Big Tops Limited, hired equipment of £330,000 (2017 £209,000) and recharged

expenses of £44,700 (2017 £27,800), from and to Circus Promotions Limited, there are no outstanding amounts

at the year end.

There are loan movements between the companies and at the year end A & J Big Tops Limited was owed

£194,367 creditor (2017 £28,219 (Debtor)) from/to Circus Promotions Limited, the loans are interest free.

Circus Promotions Limited acts as a guarantor on behalf of A & J Big Tops Limited.

The company continues to rent the business premises from the directors and their family, the charge for the

period was £75,780 (2017 £62,400).