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REGISTERED NUMBER: SC284511 (Scotland)















Financial Statements for the Year Ended 30 April 2024

for

Bear Handling Limited

Bear Handling Limited (Registered number: SC284511)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bear Handling Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J J McLaren
Mrs D P McLaren





REGISTERED OFFICE: Unit 3
Hillside Road
Portlethen
Aberdeen
AB12 4RD





REGISTERED NUMBER: SC284511 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Bear Handling Limited (Registered number: SC284511)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,057,300 1,703,285

CURRENT ASSETS
Stocks 5 124,379 15,250
Debtors 6 159,247 321,785
Cash at bank and in hand 74,881 200,174
358,507 537,209
CREDITORS
Amounts falling due within one year 7 717,594 864,219
NET CURRENT LIABILITIES (359,087 ) (327,010 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,698,213

1,376,275

CREDITORS
Amounts falling due after more than one year 8 55,056 69,432
NET ASSETS 1,643,157 1,306,843

CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserve 793,490 396,950
Retained earnings 849,567 909,793
SHAREHOLDERS' FUNDS 1,643,157 1,306,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Bear Handling Limited (Registered number: SC284511)

Balance Sheet - continued
30 April 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr J J McLaren - Director


Bear Handling Limited (Registered number: SC284511)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bear Handling Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land & Property - in accordance with the property
Plant and machinery - 20% on reducing balance and 5% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

Bear Handling Limited (Registered number: SC284511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Land & Plant and and
Property machinery fittings
£    £    £   
COST OR VALUATION
At 1 May 2023 345,660 2,843,316 3,746
Additions - 201,679 -
Disposals - (153,279 ) -
Revaluations - 406,271 -
At 30 April 2024 345,660 3,297,987 3,746
DEPRECIATION
At 1 May 2023 26,392 1,521,702 2,979
Charge for year 1,021 166,148 153
Eliminated on disposal - (38,559 ) -
At 30 April 2024 27,413 1,649,291 3,132
NET BOOK VALUE
At 30 April 2024 318,247 1,648,696 614
At 30 April 2023 319,268 1,321,614 767

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 175,410 24,573 3,392,705
Additions 57,498 1,900 261,077
Disposals - - (153,279 )
Revaluations - - 406,271
At 30 April 2024 232,908 26,473 3,906,774
DEPRECIATION
At 1 May 2023 114,940 23,407 1,689,420
Charge for year 29,492 1,799 198,613
Eliminated on disposal - - (38,559 )
At 30 April 2024 144,432 25,206 1,849,474
NET BOOK VALUE
At 30 April 2024 88,476 1,267 2,057,300
At 30 April 2023 60,470 1,166 1,703,285

Bear Handling Limited (Registered number: SC284511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Land & Plant and and
Property machinery fittings
£    £    £   
Valuation in 2024 345,660 3,297,987 3,746

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 232,908 26,473 3,906,774

If plant & machinery had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 1,976,491 1,976,491
Aggregate depreciation 1,024,670 1,024,670

Plant & machinery were valued on an open market basis basis on 30 April 2024 by J J McLaren (Director) .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 184,307 60,435 244,742
Additions - 57,498 57,498
Revaluations 88,560 - 88,560
At 30 April 2024 272,867 117,933 390,800
DEPRECIATION
At 1 May 2023 107,507 15,109 122,616
Charge for year 15,360 25,706 41,066
At 30 April 2024 122,867 40,815 163,682
NET BOOK VALUE
At 30 April 2024 150,000 77,118 227,118
At 30 April 2023 76,800 45,326 122,126

Bear Handling Limited (Registered number: SC284511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 124,379 15,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 147,135 311,969
Other Debtors 12,112 9,816
159,247 321,785

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 113,859 201,401
Hire purchase contracts 57,168 48,180
Trade creditors 302,069 418,136
Tax 166,962 154,170
Social security and other taxes 6,134 1,985
VAT 63,204 29,987
Business credit card 3,654 1,836
Pension Control 519 39
Directors loan account 125 985
Accrued expenses 3,900 7,500
717,594 864,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-10 years - 5,006
Hire purchase contracts 55,056 64,426
55,056 69,432

9. RELATED PARTY DISCLOSURES

During the year the directors advanced the company net amounts totalling £125. These amounts remained outstanding at 30th April 2024 and are included within other creditors in the notes to the accounts.

Bear Compliance Limited - a company controlled by director Mr J McLaren.

2024 2023
£ £
Amount due from related party at balance sheet date 9,622 9,622

Bear Handling Limited (Registered number: SC284511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J J McLaren.