Registered number
SC677638
BIG BEAR CONTRACTS LIMITED
Filleted Accounts
31 October 2023
BIG BEAR CONTRACTS LIMITED
Registered number: SC677638
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,697 2,997
2,697 2,997
Current assets
Stocks - -
Cash at bank and in hand 775 943
775 943
Creditors: amounts falling due within one year 4 (500) (500)
Net current assets 275 443
Total assets less current liabilities 2,972 3,440
Creditors: amounts falling due after more than one year 5 (2,820) (2,820)
Provisions for liabilities - -
Net assets 152 620
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 52 520
Shareholder's funds 152 620
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ROBERT JACKSON RITCHIE
Director
Approved by the board on 29 July 2024
BIG BEAR CONTRACTS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 2,000 1,700 3,700
Additions - - -
Surplus on revaluation - - -
Disposals - - -
At 31 October 2023 2,000 1,700 3,700
Depreciation
At 1 November 2022 380 323 703
Charge for the year 162 138 300
Surplus on revaluation - - -
On disposals - - -
At 31 October 2023 542 461 1,003
Net book value
At 31 October 2023 1,458 1,239 2,697
At 31 October 2022 1,620 1,377 2,997
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 500 500
Other creditors - -
500 500
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 2,820 2,820
2,820 2,820
6 Other information
BIG BEAR CONTRACTS LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
LAIGH CAIRN
KIRKCONNEL
SANQUHAR
DUMFRIESSHIRE
DG4 6NS
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