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REGISTERED NUMBER: SC426478 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

BB & Co Limited

BB & Co Limited (Registered number: SC426478)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BB & Co Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: V Vasilaros





REGISTERED OFFICE: 48 Whitesands
Dumfries
DG1 2RS





REGISTERED NUMBER: SC426478 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

BB & Co Limited (Registered number: SC426478)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,591 27,606

CURRENT ASSETS
Stocks 10,000 1,500
Debtors 5 132,350 121,277
Cash at bank and in hand 52,727 30,438
195,077 153,215
CREDITORS
Amounts falling due within one year 6 85,165 59,243
NET CURRENT ASSETS 109,912 93,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,503

121,578

CREDITORS
Amounts falling due after more than one year 7 (15,834 ) (25,833 )

PROVISIONS FOR LIABILITIES 9 (9,898 ) (6,902 )
NET ASSETS 123,771 88,843

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 123,769 88,841
SHAREHOLDERS' FUNDS 123,771 88,843

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

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

BB & Co Limited (Registered number: SC426478)

Balance Sheet - continued
30 June 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 director and authorised for issue on 5 March 2025 and were signed by:





V Vasilaros - Director


BB & Co Limited (Registered number: SC426478)

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

1. STATUTORY INFORMATION

BB & Co 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Equipment - 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.

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.

BB & Co Limited (Registered number: SC426478)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings Equipment equipment Totals
£    £    £    £   
COST
At 1 July 2023 28,625 52,844 929 82,398
Additions - 24,410 1,018 25,428
At 30 June 2024 28,625 77,254 1,947 107,826
DEPRECIATION
At 1 July 2023 26,868 27,833 91 54,792
Charge for year 439 12,355 649 13,443
At 30 June 2024 27,307 40,188 740 68,235
NET BOOK VALUE
At 30 June 2024 1,318 37,066 1,207 39,591
At 30 June 2023 1,757 25,011 838 27,606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 27,009 22,765
Amounts owed by group undertakings 105,341 -
Other debtors - 98,512
132,350 121,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 21,594 27,298
Tax 48,829 12,973
Social security and other taxes 1,328 3,407
Pension payable 597 405
Accrued expenses 2,817 5,160
85,165 59,243

BB & Co Limited (Registered number: SC426478)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 15,834 25,833

8. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,834 15,833

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 9,898 6,902

Deferred
tax
£   
Balance at 1 July 2023 6,902
Movement 2,996
Balance at 30 June 2024 9,898