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REGISTERED NUMBER: 04520973 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BILLING CHIMNEY AND FLUE SERVICES LTD

BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILLING CHIMNEY AND FLUE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr A R Billing
Mrs K Billing





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: Crosslanes Farm
Mockbeggar
Ringwood
Hampshire
BH24 3NH





REGISTERED NUMBER: 04520973 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,437 39,605
52,437 39,605

CURRENT ASSETS
Stocks 9,875 7,450
Debtors 6 68,633 31,416
Cash at bank and in hand 157,335 17,162
235,843 56,028
CREDITORS
Amounts falling due within one year 7 132,182 73,412
NET CURRENT ASSETS/(LIABILITIES) 103,661 (17,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,098

22,221

CREDITORS
Amounts falling due after more than one year 8 (24,868 ) (16,028 )

PROVISIONS FOR LIABILITIES (11,459 ) (5,846 )
NET ASSETS 119,771 347

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 119,671 247
SHAREHOLDERS' FUNDS 119,771 347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr A R Billing - Director


BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

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


1. STATUTORY INFORMATION

Billing Chimney and Flue Services Ltd 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 (£).


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 amounts receivable for work done net of VAT.

Goodwill
Goodwill, is the amount paid in connection with the acquisition of the business in 2002 and is now fully written off.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stock and work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 46,429
AMORTISATION
At 1 September 2022
and 31 August 2023 46,429
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 11,860 6,375 10,054 76,162 104,451
Additions - 1,554 815 27,793 30,162
Disposals - - - (13,004 ) (13,004 )
At 31 August 2023 11,860 7,929 10,869 90,951 121,609
DEPRECIATION
At 1 September 2022 4,072 5,669 8,672 46,433 64,846
Charge for year 1,186 551 810 14,234 16,781
Eliminated on disposal - - - (12,455 ) (12,455 )
At 31 August 2023 5,258 6,220 9,482 48,212 69,172
NET BOOK VALUE
At 31 August 2023 6,602 1,709 1,387 42,739 52,437
At 31 August 2022 7,788 706 1,382 29,729 39,605

BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,644 11,742
Other debtors 3,989 19,674
68,633 31,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,464 5,568
Trade creditors 34,848 20,872
Taxation and social security 85,943 43,800
Other creditors 3,927 3,172
132,182 73,412

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 24,868 16,028

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 32,332 21,596

The hire purchase liabilities are secured on the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr A R Billing and Mrs K Billing
Balance outstanding at start of year 4,379 6,316
Amounts advanced 92,222 97,199
Amounts repaid (97,262 ) (99,136 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (661 ) 4,379

BILLING CHIMNEY AND FLUE SERVICES LTD (REGISTERED NUMBER: 04520973)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Loans to directors are interest bearing and repayable on demand.