Bison Storage Holdings Limited 12543950 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true 12543950 2023-08-01 2024-07-31 12543950 2024-07-31 12543950 core:RetainedEarningsAccumulatedLosses 2024-07-31 12543950 core:ShareCapital 2024-07-31 12543950 core:CurrentFinancialInstruments 2024-07-31 12543950 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12543950 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 12543950 core:MotorVehicles 2024-07-31 12543950 core:PlantMachinery 2024-07-31 12543950 bus:SmallEntities 2023-08-01 2024-07-31 12543950 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12543950 bus:FilletedAccounts 2023-08-01 2024-07-31 12543950 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12543950 bus:RegisteredOffice 2023-08-01 2024-07-31 12543950 bus:Director1 2023-08-01 2024-07-31 12543950 bus:Director2 2023-08-01 2024-07-31 12543950 bus:Director3 2023-08-01 2024-07-31 12543950 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12543950 core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 12543950 core:ShareCapital 2023-08-01 2024-07-31 12543950 core:LandBuildings 2023-08-01 2024-07-31 12543950 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12543950 core:MotorVehicles 2023-08-01 2024-07-31 12543950 core:PlantMachinery 2023-08-01 2024-07-31 12543950 countries:EnglandWales 2023-08-01 2024-07-31 12543950 2023-07-31 12543950 core:RetainedEarningsAccumulatedLosses 2023-07-31 12543950 core:ShareCapital 2023-07-31 12543950 core:CostValuation 2023-07-31 12543950 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 12543950 core:MotorVehicles 2023-07-31 12543950 core:PlantMachinery 2023-07-31 12543950 2022-08-01 2023-07-31 12543950 2023-07-31 12543950 core:CurrentFinancialInstruments 2023-07-31 12543950 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12543950 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 12543950 core:MotorVehicles 2023-07-31 12543950 core:PlantMachinery 2023-07-31 12543950 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 12543950 core:ShareCapital 2022-08-01 2023-07-31 12543950 2022-07-31 12543950 core:RetainedEarningsAccumulatedLosses 2022-07-31 12543950 core:ShareCapital 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12543950

Bison Storage Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Bison Storage Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

Bison Storage Holdings Limited

Company Information

Directors

R Plachcinski

J M Wrigglesworth

O J Wrigglesworth

Registered office

Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA

 

Bison Storage Holdings Limited

(Registration number: 12543950)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

840,575

892,381

Investments

5

106

106

 

840,681

892,487

Current assets

 

Debtors

6

54,947

28,836

Cash at bank and in hand

 

38,105

10,486

 

93,052

39,322

Creditors: Amounts falling due within one year

7

(157,266)

(299,644)

Net current liabilities

 

(64,214)

(260,322)

Total assets less current liabilities

 

776,467

632,165

Provisions for liabilities

(55,366)

(65,346)

Net assets

 

721,101

566,819

Capital and reserves

 

Called up share capital

106

106

Retained earnings

720,995

566,713

Shareholders' funds

 

721,101

566,819

 

Bison Storage Holdings Limited

(Registration number: 12543950)
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:
 

.........................................
J M Wrigglesworth
Director

 

Bison Storage Holdings Limited

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

Share capital
£

Retained earnings
£

Total
£

At 1 August 2023

106

566,713

566,819

Profit for the year

-

202,282

202,282

Dividends

-

(48,000)

(48,000)

At 31 July 2024

106

720,995

721,101

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

106

602,625

602,731

Profit for the year

-

12,088

12,088

Dividends

-

(48,000)

(48,000)

At 31 July 2023

106

566,713

566,819

 

Bison Storage Holdings 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 Holdings 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

Freehold Property

2% on straight line

Motor Vehicles

25% on reducing balance

Plant & Machinery

15% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Bison Storage Holdings Limited

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

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.

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.

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 Holdings 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 3 (2023 - 3).

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

661,172

351,464

16,928

1,029,564

At 31 July 2024

661,172

351,464

16,928

1,029,564

Depreciation

At 1 August 2023

30,174

97,223

9,786

137,183

Charge for the year

11,884

38,136

1,786

51,806

At 31 July 2024

42,058

135,359

11,572

188,989

Carrying amount

At 31 July 2024

619,114

216,105

5,356

840,575

At 31 July 2023

630,998

254,241

7,142

892,381

Included within the net book value of land and buildings above is £619,114 (2023 - £630,998) in respect of freehold land and buildings.
 

 

Bison Storage Holdings Limited

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

5

Investments

2024
£

2023
£

Investments in subsidiaries

106

106

Subsidiaries

£

Cost or valuation

At 1 August 2023

106

Provision

Carrying amount

At 31 July 2024

106

At 31 July 2023

106

 

Bison Storage Holdings Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,290

14,040

Prepayments

15,756

14,796

Other debtors

37,901

-

 

54,947

28,836

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

104,351

Trade creditors

 

12,580

13,811

Taxation and social security

 

82,007

33,185

Accruals and deferred income

 

1,000

850

Other creditors

 

61,679

147,447

 

157,266

299,644

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

-

104,351