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REGISTERED NUMBER: 08167295 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BIG BLUE FOOD LIMITED

BIG BLUE FOOD LIMITED (REGISTERED NUMBER: 08167295)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIG BLUE FOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S S Duhra
Mrs R Duhra





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 08167295 (England and Wales)

BIG BLUE FOOD LIMITED (REGISTERED NUMBER: 08167295)

BALANCE SHEET
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 137,299 152,554
Tangible assets 5 36,177 40,196
173,476 192,750

CURRENT ASSETS
Stocks 6 8,961 6,763
Debtors 7 92,550 89,350
Cash at bank and in hand 9,882 22,778
111,393 118,891
CREDITORS
Amounts falling due within one year 8 40,240 36,979
NET CURRENT ASSETS 71,153 81,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,629

274,662

CREDITORS
Amounts falling due after more than one
year

9

131,684

155,184
NET ASSETS 112,945 119,478

CAPITAL AND RESERVES
Called up share capital 11 800 800
Retained earnings 12 112,145 118,678
SHAREHOLDERS' FUNDS 112,945 119,478

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

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

BIG BLUE FOOD LIMITED (REGISTERED NUMBER: 08167295)

BALANCE SHEET - continued
31 AUGUST 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 27 August 2024 and were signed on its behalf by:





S S Duhra - Director


BIG BLUE FOOD LIMITED (REGISTERED NUMBER: 08167295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Big Blue Food 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

BIG BLUE FOOD LIMITED (REGISTERED NUMBER: 08167295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 305,108
AMORTISATION
At 1 September 2022 152,554
Amortisation for year 15,255
At 31 August 2023 167,809
NET BOOK VALUE
At 31 August 2023 137,299
At 31 August 2022 152,554

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022
and 31 August 2023 54,118
DEPRECIATION
At 1 September 2022 13,922
Charge for year 4,019
At 31 August 2023 17,941
NET BOOK VALUE
At 31 August 2023 36,177
At 31 August 2022 40,196

6. STOCKS
31/8/23 31/8/22
£    £   
Stocks 8,961 6,763

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Other debtors 92,550 89,350

BIG BLUE FOOD LIMITED (REGISTERED NUMBER: 08167295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 11,334 2,416
Tax 13,988 19,011
Social security and other taxes (2,800 ) (2,640 )
VAT 13,177 14,800
Pension Liability 158 158
Directors' current accounts 2,018 869
Accrued expenses 2,365 2,365
40,240 36,979

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans (see note 10) 131,684 155,184

10. LOANS

An analysis of the maturity of loans is given below:

31/8/23 31/8/22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 102,359 115,858
Bank loan 29,325 39,326
131,684 155,184

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
800 Ordinary £1 800 800

12. RESERVES
Retained
earnings
£   

At 1 September 2022 118,678
Deficit for the year (2,533 )
Dividends (4,000 )
At 31 August 2023 112,145

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £8,000) were paid to the directors .