ACCOUNTS - Final Accounts preparation

KEEP THINKING BIG LIMITED - Company Information

Company registration number 08618010

	ABBREVIATED ACCOUNTS
	FOR THE YEAR ENDED 31 DECEMBER 2015

	KEEP THINKING BIG LIMITED


KEEP THINKING BIG LIMITED

CONTENTS

	Page
Accountants' report	1
Balance sheet	2
Notes to the abbreviated accounts	3


KEEP THINKING BIG LIMITED

UNDER SECTION 449 OF THE COMPANIES ACT 2006

The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KEEP THINKING BIG LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Keep Thinking Big Limited for the year ended 31 December 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at:
www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of directors of Keep Thinking Big Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Keep Thinking Big Limited and state those matters that we have agreed to state to the Board of directors of Keep Thinking Big Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keep Thinking Big Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Keep Thinking Big Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that Keep Thinking Big Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Keep Thinking Big Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Menzies LLP

Centrum House

36 Station Road

Egham

Surrey

TW20 9LF

27 September 2016

Page 1


KEEP THINKING BIG LIMITED REGISTERED NUMBER: 08618010

ABBREVIATED BALANCE SHEET

AS AT 31 DECEMBER 2015

2015

2014

Note

Current assets
Debtors	7,494		1,657
Cash at bank	1,330		577

	8,824		2,234
Creditors: amounts falling due within one year	(10,813)		(5,215)
Net current liabilities		(1,989)		(2,981)

Total assets less current liabilities

(1,989)

(2,981)

Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(2,089)	(3,081)

Shareholders' deficit

(1,989)

(2,981)

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which 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, were approved and authorised for issue by the board and were signed on its behalf on 27 September 2016.

Mr A B Lynch

Director

The notes on page 3 form part of these financial statements.

Page 2


KEEP THINKING BIG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

1.Accounting policies

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Going concern
		The directors have a reasonable expectation that the company has adequate resources and support from shareholders to continue operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

	1.3	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.4	Financial Instruments
		Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheeet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.Share capital

	2015	2014
	£	£
Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

Page 3