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REGISTERED NUMBER: SC253093 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Biggar Economics Limited

Biggar Economics Limited (Registered number: SC253093)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Biggar Economics Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G Blackett





REGISTERED OFFICE: Shandwick House
67 Shandwick Place (2F1)
Edinburgh
EH2 4SD





REGISTERED NUMBER: SC253093 (Scotland)





ACCOUNTANTS: MRA Business Services Limited
Chartered Accountants
2 & 6 Wellgatehead
Lanark
Lanarkshire
ML11 9AA

Biggar Economics Limited (Registered number: SC253093)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 148,148 67,770
151,148 72,270

CURRENT ASSETS
Debtors 6 470,587 320,917
Cash at bank 123,672 333,961
594,259 654,878
CREDITORS
Amounts falling due within one year 7 205,099 234,647
NET CURRENT ASSETS 389,160 420,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,308

492,501

CAPITAL AND RESERVES
Called up share capital 129 129
Retained earnings 540,179 492,372
SHAREHOLDERS' FUNDS 540,308 492,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 27 November 2024 and were signed by:





G Blackett - Director


Biggar Economics Limited (Registered number: SC253093)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Biggar Economics 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.

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 is being amortised over its useful economic life of 10 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 etc - 33% on cost and 20% on reducing balance

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.

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 18 (2023 - 16 ) .

Biggar Economics Limited (Registered number: SC253093)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 15,000
AMORTISATION
At 1 September 2023 10,500
Charge for year 1,500
At 31 August 2024 12,000
NET BOOK VALUE
At 31 August 2024 3,000
At 31 August 2023 4,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 14,119 72,123 56,313 142,555
Additions 27,752 96,959 11,014 135,725
Disposals - (42,529 ) - (42,529 )
At 31 August 2024 41,871 126,553 67,327 235,751
DEPRECIATION
At 1 September 2023 8,200 20,425 46,160 74,785
Charge for year 6,735 15,263 7,049 29,047
Eliminated on disposal - (16,229 ) - (16,229 )
At 31 August 2024 14,935 19,459 53,209 87,603
NET BOOK VALUE
At 31 August 2024 26,936 107,094 14,118 148,148
At 31 August 2023 5,919 51,698 10,153 67,770

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 451,824 320,527
Other debtors 18,763 390
470,587 320,917

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 7,653 4,222
Taxation and social security 129,365 150,946
Other creditors 68,081 79,479
205,099 234,647