Big Island Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06881644 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BIG ISLAND LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Phillips

Mrs A Butler

REGISTERED OFFICE:

88 Wellesley Road

London

W4 3AL

REGISTERED NUMBER:

06881644 (England and Wales)

ACCOUNTANTS:

Thomas & Co

Chartered Certified Accountants

30 Binley Road

Coventry

West Midlands

CV3 1JA

FIXED ASSETS

Tangible assets

4

1,141

1,176

CURRENT ASSETS

Debtors

133,208

136,636

Cash at bank and in hand

112,989

178,196

246,197

314,832

CREDITORS

Amounts falling due within one year

105,802

129,177

NET CURRENT ASSETS

140,395

185,655

TOTAL ASSETS LESS CURRENT LIABILITIES

141,536

186,831

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

141,436

186,731

SHAREHOLDERS' FUNDS

141,536

186,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 20 April 2017 and were signed on its behalf by:

Mrs A Butler - Director

1.	STATUTORY INFORMATION

Big Island 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 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.

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.

Transitional adjustments

The Y/E 31/12/15 accounts have been reinstated from UK GAAP to FRS 102 1A. The transition to FRS 102 1A

generated no transitional adjustments and therefore it has been deemed unnecessary to include a reconciliation of

equity or a reconciliation of profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

20,587

Additions

707

At 31 December 2016

21,294

DEPRECIATION

At 1 January 2016

19,411

Charge for year

742

At 31 December 2016

20,153

NET BOOK VALUE

At 31 December 2016

1,141

At 31 December 2015

1,176

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £155,600 (2015 - £131,442) were paid to the directors .