BIGBARN C.I.C.

Company Registration Number:
04025368 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

BIGBARN C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BIGBARN C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 11,682 15,729
Tangible assets: 4 3,066 1,074
Investments: 5 20 20
Total fixed assets: 14,768 16,823
Current assets
Debtors: 6 1,775 2,441
Cash at bank and in hand: 19,856 25,388
Total current assets: 21,631 27,829
Creditors: amounts falling due within one year: 7 ( 72,101 ) ( 43,083 )
Net current assets (liabilities): (50,470) (15,254)
Total assets less current liabilities: (35,702) 1,569
Creditors: amounts falling due after more than one year: 8 ( 7,850 ) ( 12,474 )
Total net assets (liabilities): (43,552) (10,905)
Capital and reserves
Called up share capital: 49,723 49,723
Share premium account: 37,850 37,850
Other reserves: 2,267 2,267
Profit and loss account: (133,392 ) (100,745 )
Total Shareholders' funds: ( 43,552 ) (10,905)

The notes form part of these financial statements

BIGBARN C.I.C.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 September 2024
and signed on behalf of the board by:

Name: Anthony Davison
Status: Director

The notes form part of these financial statements

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and machinery 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Other Intangible Assets 10% straight line

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 120,220 120,220
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 120,220 120,220
Amortisation
At 1 January 2023 104,491 104,491
Charge for year 4,047 4,047
On disposals
Other adjustments
At 31 December 2023 108,538 108,538
Net book value
At 31 December 2023 11,682 11,682
At 31 December 2022 15,729 15,729

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 19,358 19,358
Additions 3,101 3,101
Disposals
Revaluations
Transfers
At 31 December 2023 22,459 22,459
Depreciation
At 1 January 2023 18,284 18,284
Charge for year 1,109 1,109
On disposals
Other adjustments
At 31 December 2023 19,393 19,393
Net book value
At 31 December 2023 3,066 3,066
At 31 December 2022 1,074 1,074

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Other investments other than loans £20

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 94 427
Other debtors 1,681 2,014
Total 1,775 2,441

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,324 5,324
Trade creditors 588 1,680
Taxation and social security 594
Other creditors 66,189 35,485
Total 72,101 43,083

BIGBARN C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 7,850 12,474
Total 7,850 12,474

COMMUNITY INTEREST ANNUAL REPORT

BIGBARN C.I.C.

Company Number: 04025368 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

BigBarn community activities Provide a definitive database of food & drink producers who want to sell direct. Promoting these producers by displaying them on post code specific maps. Actively seeking other like-minded websites to have the BigBarn map, or data, free, to open within their website to promote local producers. Develop and promote an on-line MarketPlace to allow producer members of BigBarn ecommerce to sell local food on-line. Continually look for ways to help producers team up with local shops to offer consumer a complete range of food & drink cheaper, like for like, than the supermarket. Either using online hub technology or case studies. Accessing any grants to help achieve the BigBarn community's objectives. Providing producer members with a database of case studies to help them improve their businesses and better meet the needs of local consumers. Provide discounts on products and services to help members compete with supermarkets Continually improve the BigBarn website and related technology to make it user friendly and world class

Consultation with stakeholders

BigBarn's statement to producers and independent retailers selling local produce To continue to promote the BigBarn map and website to consumers and like minded organisations To offer a listing on the BigBarn website to all producers and independent retailers who: Sell direct Much of what they sell is produced by them or comes from the local area To offer premium listings and discounts on products and service for those that want to pay for them Provide case studies on best practice and how to build local food supply chains BigBarn's statement to Consumers Offer access to the BigBarn website, free, a user friendly way of finding local producers of food Offer access to recipes, videos, blogs, forums and foody articles Offer the BigBarn emailed post code specific newsletter free If you would like to help BigBarn you can volunteer to spread the word in your area by calling 01480 890 970 or donate through our online shop. (If applicable, please just state “A social audit report covering these points is attached”).

Directors' remuneration

The director's salary was £8,000

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 September 2024

And signed on behalf of the board by:
Name: Anthony Davison
Status: Director