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BIG SHORT LIMITED

Registered Number
SC717806
(Scotland)

Unaudited Financial Statements for the Year ended
30 June 2024

BIG SHORT LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

BUCHAN, David James

Registered Address

C/O Mccreath Accountancy Phoenix House, Ground Floor Left,
Phoenix Business Park
Linwood
PA1 2BH

Registered Number

SC717806 (Scotland)
BIG SHORT LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets360,42260,622
60,42260,622
Current assets
Cash at bank and on hand216,045202,337
216,045202,337
Creditors amounts falling due within one year4(229,646)(191,633)
Net current assets (liabilities)(13,601)10,704
Total assets less current liabilities46,82171,326
Net assets46,82171,326
Capital and reserves
Profit and loss account46,82171,326
Shareholders' funds46,82171,326
The financial statements were approved and authorised for issue by the Director on 17 March 2025, and are signed on its behalf by:
BUCHAN, David James
Director
Registered Company No. SC717806
BIG SHORT LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 July 2345,00017,4253,81166,236
Additions18,4834,202-22,685
At 30 June 2463,48321,6273,81188,921
Depreciation and impairment
At 01 July 23-4,3571,2575,614
Charge for year15,8715,7571,25722,885
At 30 June 2415,87110,1142,51428,499
Net book value
At 30 June 2447,61211,5131,29760,422
At 30 June 2345,00013,0682,55460,622
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts200,196110,834
Taxation and social security29,45080,799
Total229,646191,633
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year