BIG BLUE CONCEPTS LIMITED

BIG BLUE CONCEPTS LIMITED

BIG BLUE CONCEPTS LIMITED - Company Information

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BIG BLUE CONCEPTS LIMITED

Company Registration Number:
SC484306 (Scotland)

Unaudited abridged accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

BIG BLUE CONCEPTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Balance sheet
Notes

BIG BLUE CONCEPTS LIMITED

Balance sheet

As at 31 August 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 1,173,676 1,173,676
Total fixed assets: 1,173,676 1,173,676
Current assets
Debtors: 4 84,148 40,331
Cash at bank and in hand: 22,252 5,048
Total current assets: 106,400 45,379
Creditors: amounts falling due within one year: 5 (239,904) (170,098)
Net current assets (liabilities): (133,504) (124,719)
Total assets less current liabilities: 1,040,172 1,048,957
Creditors: amounts falling due after more than one year: 6 (719,647) (802,302)
Total net assets (liabilities): 320,525 246,655
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 320,425 246,555
Shareholders funds: 320,525 246,655

The notes form part of these financial statements

BIG BLUE CONCEPTS LIMITED

Balance sheet statements

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2020
and signed on behalf of the board by:

Name: Tarak Ramzan
Status: Director

The notes form part of these financial statements

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

2. Employees

2019 2018
Average number of employees during the period 0 0

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

3. Tangible Assets

Total
Cost £
At 01 September 2018 1,173,676
At 31 August 2019 1,173,676
Net book value
At 31 August 2019 1,173,676
At 31 August 2018 1,173,676

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Creditors: amounts falling due within one year note

Bank loan 83,122Owed to connected companies 123,722Corporation tax 15,981Other creditors 17,078

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

6. Creditors: amounts falling due after more than one year note

Bank loan 360,447Directors loan 359,200

BIG BLUE CONCEPTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

7. Related party transactions

Name of the related party: Tarak Manufacturing Company Limited
Relationship:
Connected by common ownership
Description of the Transaction: Management charges
£
Balance at 01 September 2018 65,000
Balance at 31 August 2019 114,000
Name of the related party: Tarak Manufacturing Holdings Limited
Relationship:
Common ownership
Description of the Transaction: Cash transfer
£
Balance at 01 September 2018 0
Balance at 31 August 2019 9,722
Name of the related party: Kast Retail Limted
Relationship:
Common ownership
Description of the Transaction: Rental charges
£
Balance at 01 September 2018 40,231
Balance at 31 August 2019 77,510