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REGISTERED NUMBER: 04154539 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

BILLHOUSE SHEET METAL LIMITED

BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILLHOUSE SHEET METAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Ian Clayton Billington
Mrs Susan Singleton



SECRETARY: Mrs Susan Singleton



REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



REGISTERED NUMBER: 04154539 (England and Wales)



ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



BANKERS: Barclays Bank plc
38 Fishergate
Preston
Lancashire
PR1 2DD

BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,225 91,415
69,225 91,415

CURRENT ASSETS
Stocks 6 26,978 31,146
Debtors 7 327,240 345,776
Cash at bank and in hand 299,607 231,866
653,825 608,788
CREDITORS
Amounts falling due within one year 8 286,723 319,244
NET CURRENT ASSETS 367,102 289,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,327

380,959

PROVISIONS FOR LIABILITIES 10 11,821 17,369
NET ASSETS 424,506 363,590

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 423,506 362,590
SHAREHOLDERS' FUNDS 424,506 363,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)

BALANCE SHEET - continued
31 MAY 2023


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 21 November 2023 and were signed on its behalf by:




Ian Clayton Billington - Director



Mrs Susan Singleton - Director


BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Billhouse Sheet Metal 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal trading address of the company is Unit 11a, Roman Way, Longridge Road, Preston, PR2 5BB.

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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax and is recognised upon delivery of goods to the customer.

Goodwill
Goodwill is being written off evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Fixed assets are initially recorded at cost and are stated at cost less accumulated depreciation.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence, with careful monitoring, for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.The directors continue to have consideration for the impact of COVID 19 and has used the furlough scheme where necessary.

Other income - government grants
Government grants are amount received under the government's Coronavirus Job Retention Scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 25,000
AMORTISATION
At 1 June 2022
and 31 May 2023 25,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 432,155
Additions 576
At 31 May 2023 432,731
DEPRECIATION
At 1 June 2022 340,740
Charge for year 22,766
At 31 May 2023 363,506
NET BOOK VALUE
At 31 May 2023 69,225
At 31 May 2022 91,415

As at 31 May 2023 assets with a net book value of £28,736 (2022: £38,315) are held under hire purchase agreements. Depreciation charged on these assets in the year totalled £9,578 (2022: £12,772).

6. STOCKS
31/5/23 31/5/22
£    £   
Stocks 20,253 23,435
Work-in-progress 6,725 7,711
26,978 31,146

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 320,944 339,134
Other debtors 6,296 6,642
327,240 345,776

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Hire purchase contracts (120 ) 4,688
Trade creditors 146,465 223,273
Amounts owed to group undertakings 45,882 32,185
Taxation and social security 87,947 50,419
Other creditors 6,549 8,679
286,723 319,244

BILLHOUSE SHEET METAL LIMITED (REGISTERED NUMBER: 04154539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Hire purchase contracts (120 ) 4,688

10. PROVISIONS FOR LIABILITIES
31/5/23 31/5/22
£    £   
Deferred tax 11,821 17,369

Deferred
tax
£   
Balance at 1 June 2022 17,369
Credit to Income Statement during year (5,548 )
Balance at 31 May 2023 11,821

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by way of their shareholdings in the holding company. The company is a wholly owned subsidiary of Billhouse Holdings Limited from 31 December 2020.