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REGISTERED NUMBER: 01714494 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

M. BILLINGHAM & CO. LIMITED

M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. BILLINGHAM & CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M D Billingham
Mrs R J Billingham
H Billingham
J F Hancox





SECRETARY: Mrs R J Billingham





REGISTERED OFFICE: City Estate
Corngreaves Road
Cradley Heath
West Midlands
B64 7EP





REGISTERED NUMBER: 01714494 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,935 198,958
Investments 5 5,000 5,000
172,935 203,958

CURRENT ASSETS
Stocks 681,490 675,474
Debtors 6 241,965 210,490
Cash at bank 252,969 302,549
1,176,424 1,188,513
CREDITORS
Amounts falling due within one year 7 252,015 265,852
NET CURRENT ASSETS 924,409 922,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,344

1,126,619

PROVISIONS FOR LIABILITIES 8 23,708 25,889
NET ASSETS 1,073,636 1,100,730

CAPITAL AND RESERVES
Called up share capital 4,500 4,500
Other reserves 500 500
Retained earnings 1,068,636 1,095,730
SHAREHOLDERS' FUNDS 1,073,636 1,100,730

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

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

M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

BALANCE SHEET - continued
31 DECEMBER 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 16 April 2024 and were signed on its behalf by:




M D Billingham - Director



H Billingham - Director


M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

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


1. STATUTORY INFORMATION

M. Billingham & Co. 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 50% on reducing balance and 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of overheads.

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.


M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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

Going concern
The company has adequate cash resources to meet its requirements, accordingly the directors believe it is appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 43 ) .

M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,003,227 264,788 19,612 1,287,627
Additions 969 24,254 2,836 28,059
At 31 December 2023 1,004,196 289,042 22,448 1,315,686
DEPRECIATION
At 1 January 2023 846,486 228,440 13,743 1,088,669
Charge for year 39,303 18,075 1,704 59,082
At 31 December 2023 885,789 246,515 15,447 1,147,751
NET BOOK VALUE
At 31 December 2023 118,407 42,527 7,001 167,935
At 31 December 2022 156,741 36,348 5,869 198,958


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 5,000
NET BOOK VALUE
At 31 December 2023 5,000
At 31 December 2022 5,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Billingham Sales Limited
Registered office: City Estate, Corngreaves Road, Cradley Heath, West Midlands, B64 7EP.
Nature of business: dormant company
%
Class of shares: holding
Ordinary 100.00

M. BILLINGHAM & CO. LIMITED (REGISTERED NUMBER: 01714494)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 136,107 150,761
Other debtors 44,789 14,739
Prepayments 61,069 44,990
241,965 210,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 159,180 196,233
Amount due to subsidiary
undertaking

5,000

5,000
Social security and other taxes 32,191 28,993
Other creditors 11,321 9,355
Accrued expenses 44,323 26,271
252,015 265,852

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 28,458 33,593
Tax losses carried forward (4,750 ) (7,704 )
23,708 25,889

Deferred
tax
£   
Balance at 1 January 2023 25,889
Deferred tax movement (2,181 )
Balance at 31 December 2023 23,708

9. ULTIMATE CONTROLLING PARTY

M. Billingham Holdings Limited is the parent undertaking. The ultimate controlling parties are Mr M D Billingham and Mrs R J Billingham.