1 February 2023 v2024.52.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC4947942023-02-012024-01-31SC4947942024-01-31SC4947942023-01-31SC494794core:WithinOneYear2024-01-31SC494794core:WithinOneYear2023-01-31SC494794core:AfterOneYear2024-01-31SC494794core:AfterOneYear2023-01-31SC494794core:ShareCapital2024-01-31SC494794core:ShareCapital2023-01-31SC494794core:RetainedEarningsAccumulatedLosses2024-01-31SC494794core:RetainedEarningsAccumulatedLosses2023-01-31SC494794bus:Director12023-02-012024-01-31SC494794bus:RegisteredOffice2023-02-012024-01-31SC494794core:NetGoodwill2023-02-012024-01-31SC4947942022-02-012023-01-31SC494794core:NetGoodwill2024-01-31SC494794core:NetGoodwill2023-02-01SC494794core:NetGoodwill2023-01-31SC494794core:PlantMachinery2024-01-31SC494794core:PlantMachinery2023-02-01SC494794core:PlantMachinery2023-02-012024-01-31SC494794core:PlantMachinery2023-01-31SC49479412023-02-012024-01-31SC494794countries:Scotland2023-02-012024-01-31SC494794bus:AuditExemptWithAccountantsReport2023-02-012024-01-31SC494794bus:PrivateLimitedCompanyLtd2023-02-012024-01-31SC494794bus:SmallEntities2023-02-012024-01-31SC494794bus:FullAccounts2023-02-012024-01-31
Company registration number:
SC494794
Big E (Scotland) Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Big E (Scotland) Ltd
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Intangible assets 5
9,850
 
15,150
 
Tangible assets 6
650
 
800
 
10,500
 
15,950
 
Current assets    
Stocks
11,210
 
2,000
 
Debtors 7
33,089
 
1,407
 
Cash at bank and in hand
31,581
 
62,126
 
75,880
 
65,533
 
Creditors: amounts falling due within one year 8
(175,054
)
(133,455
)
Net current liabilities
(99,174
)
(67,922
)
Total assets less current liabilities (88,674 ) (51,972 )
Creditors: amounts falling due after more than one year 9
(14,807
)
(24,947
)
Net liabilities
(103,481
)
(76,919
)
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(103,482
)
(76,920
)
Shareholders deficit
(103,481
)
(76,919
)
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 October 2024
, and are signed on behalf of the board by:
Mr Hitesh Singh
Director
Company registration number:
SC494794
Big E (Scotland) Ltd
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
207A Bath Street
,
Glasgow
,
G2 4HZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2023:
6.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 February 2023
and
31 January 2024
53,000
 
Amortisation  
At
1 February 2023
37,850
 
Charge
5,300
 
At
31 January 2024
43,150
 
Carrying amount  
At
31 January 2024
9,850
 
At 31 January 2023
15,150
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2023
and
31 January 2024
16,000
 
Depreciation  
At
1 February 2023
15,200
 
Charge
150
 
At
31 January 2024
15,350
 
Carrying amount  
At
31 January 2024
650
 
At 31 January 2023
800
 

7 Debtors

20242023
££
Trade debtors
589
 
1,407
 
Other debtors
32,500
  -  
33,089
 
1,407
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,140
 
9,890
 
Trade creditors
26,122
 
26,746
 
Taxation and social security
32,923
 
15,544
 
Other creditors
105,869
 
81,275
 
175,054
 
133,455
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
14,807
 
24,947