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REGISTERED NUMBER: 03915700 (England and Wales)















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

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


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

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







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 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,896 6,201

CURRENT ASSETS
Debtors 5 155,950 154,948
Cash at bank 197,227 100,730
353,177 255,678
CREDITORS
Amounts falling due within one year 6 (38,420 ) (29,017 )
NET CURRENT ASSETS 314,757 226,661
TOTAL ASSETS LESS CURRENT LIABILITIES 316,653 232,862

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 316,553 232,762
SHAREHOLDERS' FUNDS 316,653 232,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 24 July 2024 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 YEAR ENDED 31 MARCH 2024


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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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

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.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
Improvements fittings
to Plant and and Motor
property machinery website vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 44,659 4,593 16,272 26,611 92,135
Additions - - 383 - 383
Disposals - - (440 ) - (440 )
At 31 March 2024 44,659 4,593 16,215 26,611 92,078
DEPRECIATION
At 1 April 2023 41,296 4,286 13,741 26,611 85,934
Charge for year 3,362 154 1,172 - 4,688
Eliminated on disposal - - (440 ) - (440 )
At 31 March 2024 44,658 4,440 14,473 26,611 90,182
NET BOOK VALUE
At 31 March 2024 1 153 1,742 - 1,896
At 31 March 2023 3,363 307 2,531 - 6,201


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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from group undertakings 141,286 141,286
Deferred tax asset 3,168 2,601
Prepayments and accrued income 11,496 11,061
155,950 154,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,239 763
Corporation tax 26,418 21,338
Other tax and social security 7,551 4,156
Directors' current accounts 875 125
Accruals and deferred income 2,337 2,635
38,420 29,017

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 44,500 44,500
Between one and five years 66,750 111,250
111,250 155,750