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FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BIGHEAD FASTENERS LIMITED

BIGHEAD FASTENERS LIMITED (REGISTERED NUMBER: 08838359)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIGHEAD FASTENERS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: M Stevens
P James
S Zehnder
D Bossard





SECRETARY: M Stevens





REGISTERED OFFICE: Unit 1, Black Moor Business Park
36A Black Moor Road
Ebblake Industrial Estate
Verwood
Dorset
BH31 6BB





REGISTERED NUMBER: 08838359 (England and Wales)





AUDITORS: Schofields
Chartered Accountants and Statutory Auditors
Unit 1, St Stephens Court
15-17 St Stephens Road
Bournemouth
Dorset
BH2 6LA

BIGHEAD FASTENERS LIMITED (REGISTERED NUMBER: 08838359)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 7,842,399 7,842,399

CURRENT ASSETS
Debtors 5 - 1,991,057

CREDITORS
Amounts falling due within one year 6 2,291,988 5,190,583
NET CURRENT LIABILITIES (2,291,988 ) (3,199,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,550,411

4,642,873

CAPITAL AND RESERVES
Called up share capital 7 1,847,268 1,847,268
Retained earnings 3,703,143 2,795,605
SHAREHOLDERS' FUNDS 5,550,411 4,642,873

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 27 March 2025 and were signed on its behalf by:





M Stevens - Director


BIGHEAD FASTENERS LIMITED (REGISTERED NUMBER: 08838359)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Bighead Fasteners Limited is a private company, limited by shares , registered in England and Wales. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 7,842,399
NET BOOK VALUE
At 31 December 2024 7,842,399
At 31 December 2023 7,842,399

BIGHEAD FASTENERS LIMITED (REGISTERED NUMBER: 08838359)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 1,991,057

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 5,188,784
Amounts owed to group undertakings 2,290,189 -
Accrued expenses 1,799 1,799
2,291,988 5,190,583

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,847,268 Ordinary £1 1,847,268 1,847,268

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr I M Legg FCCA ACA (Senior Statutory Auditor)
for and on behalf of Schofields

9. ULTIMATE PARENT COMPANY

The Ultimate Parent Company is Bossard Finance AG, who own 100% of the issued share capital.