3 3 Bison Bison Ltd 07429783 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is graphic design Digita Accounts Production Advanced 6.30.9574.0 true 07429783 2023-11-01 2024-10-31 07429783 2024-10-31 07429783 bus:OrdinaryShareClass1 2024-10-31 07429783 core:CurrentFinancialInstruments 2024-10-31 07429783 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07429783 core:OfficeEquipment 2024-10-31 07429783 core:PlantMachinery 2024-10-31 07429783 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-10-31 07429783 bus:SmallEntities 2023-11-01 2024-10-31 07429783 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07429783 bus:FilletedAccounts 2023-11-01 2024-10-31 07429783 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07429783 bus:RegisteredOffice 2023-11-01 2024-10-31 07429783 bus:Director1 2023-11-01 2024-10-31 07429783 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 07429783 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07429783 core:ComputerEquipment 2023-11-01 2024-10-31 07429783 core:OfficeEquipment 2023-11-01 2024-10-31 07429783 core:PlantMachinery 2023-11-01 2024-10-31 07429783 core:KeyManagementPersonnel 2023-11-01 2024-10-31 07429783 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-01 2024-10-31 07429783 countries:EnglandWales 2023-11-01 2024-10-31 07429783 2023-10-31 07429783 core:OfficeEquipment 2023-10-31 07429783 core:PlantMachinery 2023-10-31 07429783 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 07429783 2022-11-01 2023-10-31 07429783 2023-10-31 07429783 bus:OrdinaryShareClass1 2023-10-31 07429783 core:CurrentFinancialInstruments 2023-10-31 07429783 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07429783 core:OfficeEquipment 2023-10-31 07429783 core:PlantMachinery 2023-10-31 07429783 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 07429783 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-01 2023-10-31 07429783 2022-10-31 07429783 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 07429783

Bison Bison Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Bison Bison Ltd

(Registration number: 07429783)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,797

11,905

Current assets

 

Stocks

5

-

6,276

Debtors

6

132

12,284

Cash at bank and in hand

 

12,605

19,884

 

12,737

38,444

Creditors: Amounts falling due within one year

7

(20,959)

(11,108)

Net current (liabilities)/assets

 

(8,222)

27,336

Net assets

 

2,575

39,241

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

2,475

39,141

Shareholders' funds

 

2,575

39,241

For the financial year ending 31 October 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 and 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 25 February 2025 and signed on its behalf by:
 

.........................................
Mr M Dent
Director

 

Bison Bison Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

These financial statements were authorised for issue by the Board on 25 February 2025.

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.

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 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.

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.

 

Bison Bison Ltd

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

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

Plant, machinery and office equipment

20% straight-line

Computer equipment

20% straight-line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Bison Bison Ltd

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Bison Bison Ltd

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

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2023

24,808

23,178

47,986

Additions

-

3,458

3,458

Disposals

(14,320)

(11,827)

(26,147)

At 31 October 2024

10,488

14,809

25,297

Depreciation

At 1 November 2023

20,535

15,309

35,844

Charge for the year

2,098

2,468

4,566

Eliminated on disposal

(14,320)

(11,590)

(25,910)

At 31 October 2024

8,313

6,187

14,500

Carrying amount

At 31 October 2024

2,175

8,622

10,797

At 31 October 2023

4,035

7,870

11,905

5

Stocks

2024
£

2023
£

Work in progress

-

6,276

6

Debtors

Current

2024
£

2023
£

Trade debtors

132

11,766

Other debtors

-

518

 

132

12,284

7

Creditors

Creditors: amounts falling due within one year

 

Bison Bison Ltd

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

2024
£

2023
£

Due within one year

Taxation and social security

9,208

1,783

Other creditors

11,751

9,325

20,959

11,108

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

 

Bison Bison Ltd

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,145

25,162

Loans from related parties

2024

Key management
£

Total
£

At start of period

7,375

7,375

Advanced

8

8

At end of period

7,383

7,383

2023

Key management
£

Total
£

At start of period

9,694

9,694

Repaid

(2,319)

(2,319)

At end of period

7,375

7,375

Terms of loans from related parties

Directors loan account provided by the directors, repayable upon demand