Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Ian Caudwell 19/03/2003 Joanne Caudwell 19/03/2003 31 March 2024 The principal activity of the Company in the year under review was that of manufacture of fabricated metal. 04698552 2023-12-31 04698552 bus:Director1 2023-12-31 04698552 bus:Director2 2023-12-31 04698552 2022-12-31 04698552 core:CurrentFinancialInstruments 2023-12-31 04698552 core:CurrentFinancialInstruments 2022-12-31 04698552 core:Non-currentFinancialInstruments 2023-12-31 04698552 core:Non-currentFinancialInstruments 2022-12-31 04698552 core:ShareCapital 2023-12-31 04698552 core:ShareCapital 2022-12-31 04698552 core:RetainedEarningsAccumulatedLosses 2023-12-31 04698552 core:RetainedEarningsAccumulatedLosses 2022-12-31 04698552 core:LandBuildings 2022-12-31 04698552 core:OtherPropertyPlantEquipment 2022-12-31 04698552 core:LandBuildings 2023-12-31 04698552 core:OtherPropertyPlantEquipment 2023-12-31 04698552 bus:OrdinaryShareClass1 2023-12-31 04698552 2023-01-01 2023-12-31 04698552 bus:FilletedAccounts 2023-01-01 2023-12-31 04698552 bus:SmallEntities 2023-01-01 2023-12-31 04698552 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04698552 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04698552 bus:Director1 2023-01-01 2023-12-31 04698552 bus:Director2 2023-01-01 2023-12-31 04698552 core:LandBuildings 2023-01-01 2023-12-31 04698552 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04698552 2022-01-01 2022-12-31 04698552 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 04698552 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04698552 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04698552 (England and Wales)

BILLINGHAY FORGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BILLINGHAY FORGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BILLINGHAY FORGE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
BILLINGHAY FORGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Ian Caudwell
Joanne Caudwell
SECRETARY Joanne Caudwell
REGISTERED OFFICE The Forge
Church Street
Billinghay
Lincoln
LN4 4HN
United Kingdom
COMPANY NUMBER 04698552 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
BILLINGHAY FORGE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
BILLINGHAY FORGE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 22,003 27,620
22,003 27,620
Current assets
Stocks 16,800 5,321
Debtors 4 13,339 18,493
Cash at bank and in hand 90,167 86,876
120,306 110,690
Creditors: amounts falling due within one year 5, 8 ( 42,490) ( 37,335)
Net current assets 77,816 73,355
Total assets less current liabilities 99,819 100,975
Creditors: amounts falling due after more than one year 6 ( 11,701) ( 17,698)
Provision for liabilities ( 4,037) ( 5,079)
Net assets 84,081 78,198
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 83,081 77,198
Total shareholders' funds 84,081 78,198

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Billinghay Forge Limited (registered number: 04698552) were approved and authorised for issue by the Board of Directors on 31 March 2024. They were signed on its behalf by:

Ian Caudwell
Director
BILLINGHAY FORGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BILLINGHAY FORGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Billinghay Forge Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Forge,, Church Street, Billinghay, Lincoln, LN4 4HN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 15 % reducing balance
Plant and machinery etc. 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2023 1,229 93,511 94,740
Additions 0 1,598 1,598
At 31 December 2023 1,229 95,109 96,338
Accumulated depreciation
At 01 January 2023 341 66,779 67,120
Charge for the financial year 133 7,082 7,215
At 31 December 2023 474 73,861 74,335
Net book value
At 31 December 2023 755 21,248 22,003
At 31 December 2022 888 26,732 27,620

4. Debtors

2023 2022
£ £
Trade debtors 9,872 15,694
Other debtors 3,467 2,799
13,339 18,493

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 6,127 6,127
Trade creditors 7,481 2,408
Taxation and social security 3,003 5,782
Other creditors 25,879 23,018
42,490 37,335

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

2023 2022
£ £
Bank loans 11,701 17,698

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

8. Related party disclosures

As at 31 December 2023 the company owed the directors £24,292 (2022 : £21,605). The loan is unsecured, interest free and repayable on demand.