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REGISTERED NUMBER: SC593680 (Scotland)




















Bigbang Hopetoun Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Bigbang Hopetoun Limited (Registered number: SC593680)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bigbang Hopetoun Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs L Black
Mr J Black



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC593680 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
The Mound
Edinburgh
EH1 1YZ

Bigbang Hopetoun Limited (Registered number: SC593680)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,475 4,344

CURRENT ASSETS
Stocks 26,441 20,627
Debtors 5 7,868 16,953
Cash at bank and in hand 54,289 49,160
88,598 86,740
CREDITORS
Amounts falling due within one year 6 58,977 52,125
NET CURRENT ASSETS 29,621 34,615
TOTAL ASSETS LESS CURRENT LIABILITIES 36,096 38,959

CREDITORS
Amounts falling due after more than one year 7 (31,020 ) (36,575 )

PROVISIONS FOR LIABILITIES (1,619 ) (1,086 )
NET ASSETS 3,457 1,298

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,357 1,198
3,457 1,298

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

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

The directors acknowledge their 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.

Bigbang Hopetoun Limited (Registered number: SC593680)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Mr J Black - Director


Bigbang Hopetoun Limited (Registered number: SC593680)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Bigbang Hopetoun Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover, which represents net invoiced sales of goods exclusive of value added tax, is recognised at the point when service has been provided to the customer.

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 - 33% on cost, 25% on cost and 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


Bigbang Hopetoun Limited (Registered number: SC593680)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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.

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 11,477
Additions 6,000
At 31 October 2023 17,477
DEPRECIATION
At 1 November 2022 7,133
Charge for year 3,869
At 31 October 2023 11,002
NET BOOK VALUE
At 31 October 2023 6,475
At 31 October 2022 4,344

Bigbang Hopetoun Limited (Registered number: SC593680)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 276 10,842
Other debtors 7,592 6,111
7,868 16,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,555 5,556
Trade creditors 16,016 2,430
Taxation and social security 36,433 43,130
Other creditors 973 1,009
58,977 52,125

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,020 36,575

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,797 14,352

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Black and Mrs L Black.

Bigbang Hopetoun Limited is a wholly owned subsidiary of Bigbang Hair Ltd, a company registered in Scotland and whose registered office is 9 Ainslie Place, Edinburgh, Lothian, Scotland, EH3 6AT.