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Registration number: 04920242

Bison Storage Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Bison Storage Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 11

 

Bison Storage Services Limited

Company Information

Directors

OJ Wrigglesworth

R Plachcinski

JM Wrigglesworth

Company secretary

OJ Wrigglesworth

Registered office

Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA

 

Bison Storage Services Limited

(Registration number: 04920242)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

265,228

369,867

Current assets

 

Debtors

5

289,665

312,874

Cash at bank and in hand

 

52,041

24,434

 

341,706

337,308

Creditors: Amounts falling due within one year

6

(307,284)

(330,694)

Net current assets

 

34,422

6,614

Total assets less current liabilities

 

299,650

376,481

Creditors: Amounts falling due after more than one year

6

(3,272)

(62,934)

Provisions for liabilities

(66,308)

(92,467)

Net assets

 

230,070

221,080

Capital and reserves

 

Called up share capital

106

106

Share premium reserve

19,980

19,980

Retained earnings

209,984

200,994

Shareholders' funds

 

230,070

221,080

 

Bison Storage Services Limited

(Registration number: 04920242)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
JM Wrigglesworth
Director

 

Bison Storage Services Limited

Statement of Changes in Equity for the Year Ended 31 July 2024

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 August 2023

106

19,980

200,994

221,080

Profit for the year

-

-

56,990

56,990

Dividends

-

-

(48,000)

(48,000)

At 31 July 2024

106

19,980

209,984

230,070

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 August 2022

106

19,980

239,854

259,940

Loss for the year

-

-

(38,860)

(38,860)

At 31 July 2023

106

19,980

200,994

221,080

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA
England

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment property

2% Straight line

Freehold property

2% Straight line

Plant & machinery

15% Reducing balance

Fixtures & fittings

15% Reducing balance

Motor vehicles

25% Reducing balance

Computer equipment

33.33% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 18).

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 August 2023

13,329

59,744

19,680

1,035,898

Additions

-

880

-

-

Disposals

(5,951)

(3,629)

(10,208)

(142,718)

At 31 July 2024

7,378

56,995

9,472

893,180

Depreciation

At 1 August 2023

11,061

30,557

13,952

703,214

Charge for the year

224

4,372

1,757

81,573

Eliminated on disposal

(5,173)

(3,148)

(9,741)

(126,851)

At 31 July 2024

6,112

31,781

5,968

657,936

Carrying amount

At 31 July 2024

1,266

25,214

3,504

235,244

At 31 July 2023

2,268

29,187

5,728

332,684

Total
£

Cost or valuation

At 1 August 2023

1,128,651

Additions

880

Disposals

(162,506)

At 31 July 2024

967,025

Depreciation

At 1 August 2023

758,784

Charge for the year

87,926

Eliminated on disposal

(144,913)

At 31 July 2024

701,797

Carrying amount

At 31 July 2024

265,228

At 31 July 2023

369,867

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

255,499

176,230

Prepayments

34,166

30,164

Other debtors

-

106,480

 

289,665

312,874

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

39,405

162,955

Trade creditors

 

50,053

48,925

Taxation and social security

 

126,460

108,716

Accruals and deferred income

 

47,667

5,770

Other creditors

 

43,699

4,328

 

307,284

330,694

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

-

58,572

Deferred income

 

3,272

4,362

 

3,272

62,934

 

Bison Storage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

19,167

Hire purchase contracts

-

39,405

-

58,572

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

10,000

Bank overdrafts

-

27

Hire purchase contracts

39,405

152,928

39,405

162,955