Company registration number SC616831 (Scotland)
BIGCAT CONTRACTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BIGCAT CONTRACTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BIGCAT CONTRACTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
281,182
316,887
Current assets
Stocks
-
8,323
Debtors
4
51,138
1,351
Cash at bank and in hand
129,927
230,003
181,065
239,677
Creditors: amounts falling due within one year
5
(178,100)
(324,706)
Net current assets/(liabilities)
2,965
(85,029)
Total assets less current liabilities
284,147
231,858
Creditors: amounts falling due after more than one year
6
(48,346)
(4,359)
Provisions for liabilities
(53,425)
(55,141)
Net assets
182,376
172,358
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
182,276
172,258
Total equity
182,376
172,358

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

BIGCAT CONTRACTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 March 2024 and are signed on its behalf by:
Mr A Herd
Mr W Herd
Director
Director
Company registration number SC616831 (Scotland)
BIGCAT CONTRACTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

BigCat Contracts Limited is a private company limited by shares incorporated in Scotland. The registered office is Turflundie, Abernethy, PH2 9LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
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 equipment
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

 

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
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 tax

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.

BIGCAT CONTRACTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
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 possible that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
BIGCAT CONTRACTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
317,997
4,347
75,593
397,937
Additions
18,281
-
0
-
0
18,281
Disposals
(1,390)
-
0
-
0
(1,390)
At 31 December 2023
334,888
4,347
75,593
414,828
Depreciation and impairment
At 1 January 2023
53,627
1,587
25,836
81,050
Depreciation charged in the year
39,704
1,085
12,439
53,228
Eliminated in respect of disposals
(632)
-
0
-
0
(632)
At 31 December 2023
92,699
2,672
38,275
133,646
Carrying amount
At 31 December 2023
242,189
1,675
37,318
281,182
At 31 December 2022
264,370
2,760
49,757
316,887
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
49,767
-
0
Other debtors
1,371
1,351
51,138
1,351
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
75,295
266,871
Corporation tax
10,701
-
0
Other taxation and social security
26,992
25,144
Other creditors
65,112
32,691
178,100
324,706
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
48,346
4,359
2023-12-312023-01-01false27 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr A HerdMr W HerdfalseSC6168312023-01-012023-12-31SC6168312023-12-31SC6168312022-12-31SC616831core:PlantMachinery2023-12-31SC616831core:ComputerEquipment2023-12-31SC616831core:MotorVehicles2023-12-31SC616831core:PlantMachinery2022-12-31SC616831core:ComputerEquipment2022-12-31SC616831core:MotorVehicles2022-12-31SC616831core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-31SC616831core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31SC616831core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-31SC616831core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-31SC616831core:CurrentFinancialInstruments2023-12-31SC616831core:CurrentFinancialInstruments2022-12-31SC616831core:ShareCapital2023-12-31SC616831core:ShareCapital2022-12-31SC616831core:RetainedEarningsAccumulatedLosses2023-12-31SC616831core:RetainedEarningsAccumulatedLosses2022-12-31SC616831bus:Director12023-01-012023-12-31SC616831bus:Director22023-01-012023-12-31SC616831core:PlantMachinery2023-01-012023-12-31SC616831core:ComputerEquipment2023-01-012023-12-31SC616831core:MotorVehicles2023-01-012023-12-31SC6168312022-01-012022-12-31SC616831core:PlantMachinery2022-12-31SC616831core:ComputerEquipment2022-12-31SC616831core:MotorVehicles2022-12-31SC6168312022-12-31SC616831core:WithinOneYear2023-12-31SC616831core:WithinOneYear2022-12-31SC616831core:Non-currentFinancialInstruments2023-12-31SC616831core:Non-currentFinancialInstruments2022-12-31SC616831bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC616831bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC616831bus:FRS1022023-01-012023-12-31SC616831bus:AuditExemptWithAccountantsReport2023-01-012023-12-31SC616831bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP