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REGISTERED NUMBER: 05984023 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bigbee Limited

Bigbee Limited (Registered number: 05984023)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


Bigbee Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P W Muzzlewhite Esq.
Mrs A J Muzzlewhite





SECRETARY: D W Rayner





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 05984023 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Bigbee Limited (Registered number: 05984023)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,871 23,730
24,871 23,730

CURRENT ASSETS
Stocks 3,225,088 3,506,563
Debtors 170,933 287,140
Cash at bank and in hand 1,701,700 1,739,916
5,097,721 5,533,619
CREDITORS
Amounts falling due within one year 459,539 553,248
NET CURRENT ASSETS 4,638,182 4,980,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,663,053

5,004,101

CREDITORS
Amounts falling due after more than one
year

(18,215

)

(28,270

)

PROVISIONS FOR LIABILITIES 8 (6,218 ) (4,509 )
NET ASSETS 4,638,620 4,971,322

CAPITAL AND RESERVES
Called up share capital 9 1,100 1,050
Retained earnings 4,637,520 4,970,272
SHAREHOLDERS' FUNDS 4,638,620 4,971,322

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

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

Bigbee Limited (Registered number: 05984023)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Bigbee Limited (Registered number: 05984023)

Abridged Balance Sheet - continued
31 December 2023



The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





P W Muzzlewhite Esq. - Director


Bigbee Limited (Registered number: 05984023)

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

1. STATUTORY INFORMATION

Bigbee 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.

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.

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 2007, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

Bigbee Limited (Registered number: 05984023)

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

2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 125,000
AMORTISATION
At 1 January 2023
and 31 December 2023 125,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 57,981
Additions 7,358
At 31 December 2023 65,339
DEPRECIATION
At 1 January 2023 34,251
Charge for year 6,217
At 31 December 2023 40,468
NET BOOK VALUE
At 31 December 2023 24,871
At 31 December 2022 23,730

Bigbee Limited (Registered number: 05984023)

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

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 18,000 18,000

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 28,271 38,078

The bounce back loan is secured by Enterprise Finance Guarantee.

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 6,218 4,509

Deferred
tax
£   
Balance at 1 January 2023 4,509
Provided during year 1,709
Balance at 31 December 2023 6,218

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000
50 Ordinary A £1 50 50
50 B £1 50 -
1,100 1,050

The following shares were issued during the year for cash at par :

50 B shares of £1