IRIS Accounts Production v24.2.0.383 SC547897 director 1.12.22 30.11.23 30.11.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5478972022-11-30SC5478972023-11-30SC5478972022-12-012023-11-30SC5478972021-11-30SC5478972021-12-012022-11-30SC5478972022-11-30SC547897ns15:Scotland2022-12-012023-11-30SC547897ns14:PoundSterling2022-12-012023-11-30SC547897ns10:Director12022-12-012023-11-30SC547897ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC547897ns10:SmallEntities2022-12-012023-11-30SC547897ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC547897ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC547897ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC547897ns10:FullAccounts2022-12-012023-11-30SC547897ns10:RegisteredOffice2022-12-012023-11-30SC547897ns5:CurrentFinancialInstruments2023-11-30SC547897ns5:CurrentFinancialInstruments2022-11-30SC547897ns5:Non-currentFinancialInstruments2023-11-30SC547897ns5:Non-currentFinancialInstruments2022-11-30SC547897ns5:ShareCapital2023-11-30SC547897ns5:ShareCapital2022-11-30SC547897ns5:RetainedEarningsAccumulatedLosses2023-11-30SC547897ns5:RetainedEarningsAccumulatedLosses2022-11-30SC547897ns5:PlantMachinery2022-12-012023-11-30SC547897ns5:MotorVehicles2022-12-012023-11-30SC547897ns5:ComputerEquipment2022-12-012023-11-30SC547897ns5:PlantMachinery2022-11-30SC547897ns5:MotorVehicles2022-11-30SC547897ns5:ComputerEquipment2022-11-30SC547897ns5:PlantMachinery2023-11-30SC547897ns5:MotorVehicles2023-11-30SC547897ns5:ComputerEquipment2023-11-30SC547897ns5:PlantMachinery2022-11-30SC547897ns5:MotorVehicles2022-11-30SC547897ns5:ComputerEquipment2022-11-30SC547897ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC547897ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC547897ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-30SC547897ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC547897ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-30SC547897ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-30
REGISTERED NUMBER: SC547897 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

B.B.S (SCO) LTD

B.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B.B.S (SCO) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Marc Alvarez





REGISTERED OFFICE: 4d Auchingramont Road
Hamilton
ML3 6JT





REGISTERED NUMBER: SC547897 (Scotland)





ACCOUNTANTS: William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT

B.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,564 41,345

CURRENT ASSETS
Debtors 5 701 1,390
Cash at bank 13 49,058
714 50,448
CREDITORS
Amounts falling due within one year 6 16,716 58,230
NET CURRENT LIABILITIES (16,002 ) (7,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,562

33,563

CREDITORS
Amounts falling due after more than one
year

7

35,238

41,827
NET LIABILITIES (23,676 ) (8,264 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (23,677 ) (8,265 )
(23,676 ) (8,264 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 30 May 2024 and were signed by:





Marc Alvarez - Director


B.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

B.B.S (Sco) Ltd 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.

The presentation currency of the financial statements is the 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.

Going concern
In common with most businesses the company is facing potential issues in respect of the COVID-19 pandemic. This is an ongoing situation and the company is adopting a strategy to manage the ever changing situation as effectively as possible.

The director is satisfied that these events do not affect the company's ability to continue as a going concern and this basis is appropriate for the preparation of the accounts.

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

Rendering of services
Turnover from the rendering of services, namely the provision of architectural services, is recognised by reference to the stage of completion of the service at the statement of financial position date.

Tangible fixed assets
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.
Tools & Equipment - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in the income statement.

B.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.

Provision for liabilities
The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

B.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Tools & Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 4,400 50,724 880 56,004
DEPRECIATION
At 1 December 2022 1,100 12,681 878 14,659
Charge for year 1,100 12,681 - 13,781
At 30 November 2023 2,200 25,362 878 28,440
NET BOOK VALUE
At 30 November 2023 2,200 25,362 2 27,564
At 30 November 2022 3,300 38,043 2 41,345

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 50,724
DEPRECIATION
At 1 December 2022 12,681
Charge for year 12,681
At 30 November 2023 25,362
NET BOOK VALUE
At 30 November 2023 25,362
At 30 November 2022 38,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
VAT 701 1,390

B.B.S (SCO) LTD (REGISTERED NUMBER: SC547897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 6,779 6,779
Trade creditors - 10,648
Corporation tax - 249
PAYE and NIC (280 ) 195
Other creditors 144 318
Director's loan 3,574 32,773
Accrued charges 2,499 3,268
16,716 58,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 10,341 11,281
Hire purchase contracts 24,897 30,546
35,238 41,827

8. RELATED PARTY DISCLOSURES

During the year, the company received an interest free loan from the director amounting to £3,574 (2022: £32,773).