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REGISTERED NUMBER: 12133304 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BIG BEAR BOLTS LTD

BIG BEAR BOLTS LTD (REGISTERED NUMBER: 12133304)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIG BEAR BOLTS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: S J England





SECRETARY:





REGISTERED OFFICE: The Bear Cave
Foster Street
Hull
HU8 8BT





REGISTERED NUMBER: 12133304 (England and Wales)





ACCOUNTANTS: The Accountancy & Administration Bureau
31 Thornfields
Thorngumbald
East Riding

BIG BEAR BOLTS LTD (REGISTERED NUMBER: 12133304)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,277 5,096

CURRENT ASSETS
Stocks 56,066 49,254
Debtors 5 19,394 13,590
Cash at bank and in hand 8,176 8,690
83,636 71,534
CREDITORS
Amounts falling due within one year 6 56,453 40,059
NET CURRENT ASSETS 27,183 31,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,460

36,571

CREDITORS
Amounts falling due after more than one
year

7

(25,735

)

(31,023

)

PROVISIONS FOR LIABILITIES (623 ) (968 )
NET ASSETS 4,102 4,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,002 4,480
SHAREHOLDERS' FUNDS 4,102 4,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BIG BEAR BOLTS LTD (REGISTERED NUMBER: 12133304)

BALANCE SHEET - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





S J England - Director


BIG BEAR BOLTS LTD (REGISTERED NUMBER: 12133304)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Big Bear Bolts Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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 each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BIG BEAR BOLTS LTD (REGISTERED NUMBER: 12133304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 7,276
DEPRECIATION
At 1 September 2022 2,180
Charge for year 1,819
At 31 August 2023 3,999
NET BOOK VALUE
At 31 August 2023 3,277
At 31 August 2022 5,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,394 13,163
Other debtors - 427
19,394 13,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,501 7,093
Taxation and social security 4,382 2,535
Other creditors 34,570 20,431
56,453 40,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,735 31,023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,735 41,023

There is a fixed and floating charge over all the property or undertakings of the company to Barclays Security Trustee Limited.