Company Registration No. 09135681 (England and Wales)
BIGGS BEIT LTD
Unaudited accounts
for the year ended 31 July 2022
BIGGS BEIT LTD
Unaudited accounts
Contents
BIGGS BEIT LTD
Company Information
for the year ended 31 July 2022
Directors
Bigboy Sitauze
Sibonile Sitauze
Company Number
09135681 (England and Wales)
Registered Office
UNIT 19
BOSCOMBE ROAD
DUNSTABLE
BEDFORDSHIRE
LU5 4SB
ENGALND
Accountants
Micah & Jesse Accountants
399 Silbury Boulevard
Gloucester House
Milton Keynes Central
Buckinghamshire
MK9 2AH
BIGGS BEIT LTD
Statement of financial position
as at 31 July 2022
Tangible assets
48,976
55,785
Cash at bank and in hand
135,635
188,585
Creditors: amounts falling due within one year
(2,265)
(13,342)
Net current assets
340,381
344,512
Total assets less current liabilities
389,357
400,297
Creditors: amounts falling due after more than one year
(146,483)
(147,283)
Provisions for liabilities
Other provisions
-
(12,000)
Net assets
242,874
241,014
Profit and loss account
242,874
241,014
Shareholders' funds
242,874
241,014
For the year ending 31 July 2022 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by
Bigboy Sitauze
Director
Company Registration No. 09135681
BIGGS BEIT LTD
Notes to the Accounts
for the year ended 31 July 2022
BIGGS BEIT LTD is a private company, limited by shares, registered in England and Wales, registration number 09135681. The registered office is UNIT 19, BOSCOMBE ROAD, DUNSTABLE, BEDFORDSHIRE, LU5 4SB, ENGALND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
BIGGS BEIT LTD
Notes to the Accounts
for the year ended 31 July 2022
4
Tangible fixed assets
Total
Charge for the year
16,648
5
Provisions for liabilities
£
There was no Dividend Issued for the Year Ended 31 July 2022
6
Average number of employees
During the year the average number of employees was 88 (2021: 86).
7
Reconciliations on adoption of FRS 102
