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REGISTERED NUMBER: 03915700 (England and Wales)















B.I.G. (BRACKETS AND BOLTS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 31 MARCH 2023






B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


B.I.G. (BRACKETS AND BOLTS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023







DIRECTOR: Mr K. P. Burgess





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 03915700 (England and Wales)

B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 6,201 18,003

CURRENT ASSETS
Debtors 5 154,948 41,781
Cash at bank 100,730 134,658
255,678 176,439
CREDITORS
Amounts falling due within one year 6 (29,017 ) (42,739 )
NET CURRENT ASSETS 226,661 133,700
TOTAL ASSETS LESS CURRENT LIABILITIES 232,862 151,703

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 232,762 151,603
SHAREHOLDERS' FUNDS 232,862 151,703

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

BALANCE SHEET - continued
31 MARCH 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 26 October 2023 and were signed by:





Mr K. P. Burgess - Director


B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

B.I.G. (Brackets and Bolts) 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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 the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Property, plant and equipment
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.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures, fittings and website - 15% on cost
Motor vehicles - 33% on cost and 25% on cost

Website costs are depreciated over 3 years on a straight line basis.

Taxation
Taxation for the period 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.


B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 period 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 agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to profit or loss on a straight line basis.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are measured at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
Improvements fittings
to Plant and and Motor
property machinery website vehicles Totals
£    £    £    £    £   
COST
At 1 February 2022 44,659 4,593 15,489 26,611 91,352
Additions - - 783 - 783
At 31 March 2023 44,659 4,593 16,272 26,611 92,135
DEPRECIATION
At 1 February 2022 32,281 3,540 10,917 26,611 73,349
Charge for period 9,015 746 2,824 - 12,585
At 31 March 2023 41,296 4,286 13,741 26,611 85,934
NET BOOK VALUE
At 31 March 2023 3,363 307 2,531 - 6,201
At 31 January 2022 12,378 1,053 4,572 - 18,003


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due from group undertakings 141,286 33,286
Deferred tax asset 2,601 2,042
Prepayments and accrued income 11,061 6,453
154,948 41,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 763 993
Corporation tax 21,338 6,258
Other tax and social security 4,156 5,298
Directors' current accounts 125 20,000
Accruals and deferred income 2,635 10,190
29,017 42,739

B.I.G. (BRACKETS AND BOLTS) LIMITED (REGISTERED NUMBER: 03915700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 44,500 -
Between one and five years 111,250 -
155,750 -