Caseware UK (AP4) 2023.0.135 2023.0.135 false12023-01-01falseleasing storage silos1falsetrue 11825900 2023-01-01 2023-12-31 11825900 2022-01-01 2022-12-31 11825900 2023-12-31 11825900 2022-12-31 11825900 2022-01-01 11825900 c:Director1 2023-01-01 2023-12-31 11825900 d:PlantMachinery 2023-01-01 2023-12-31 11825900 d:PlantMachinery 2023-12-31 11825900 d:PlantMachinery 2022-12-31 11825900 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11825900 d:CurrentFinancialInstruments 2023-12-31 11825900 d:CurrentFinancialInstruments 2022-12-31 11825900 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11825900 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11825900 d:ShareCapital 2023-12-31 11825900 d:ShareCapital 2022-12-31 11825900 d:RetainedEarningsAccumulatedLosses 2023-12-31 11825900 d:RetainedEarningsAccumulatedLosses 2022-12-31 11825900 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11825900 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11825900 c:FRS102 2023-01-01 2023-12-31 11825900 c:Audited 2023-01-01 2023-12-31 11825900 c:FullAccounts 2023-01-01 2023-12-31 11825900 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11825900 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11825900 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11825900





 
Billericay Fertiliser Storage Limited          
 
Financial statements          

For the year ended 31 December 2023          

 
Billericay Fertiliser Storage Limited
Registered number:11825900

Balance sheet
As at 31 December 2023


2023

2022 
                                                                                   Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
329,258
384,593

Current assets
  

Debtors
 5 
64,604
48,078

Cash at bank and in hand
 6 
20,490
29,519

  
85,094
77,597

Creditors: amounts falling due within one year
 7 
(357,345)
(418,617)

Net current liabilities
  
 
 
(272,251)
 
 
(341,020)

Total assets less current liabilities
  
57,007
43,573

Provisions for liabilities
  

Deferred tax
 8 
(42,405)
(36,889)

Net assets
  
14,602
6,684


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
14,502
6,584

  
14,602
6,684


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 6 August 2024.




David Platt
Director





The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
Billericay Fertiliser Storage Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Billericay Fertiliser Storage Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Quaintways, Workhouse Lane, South Woodham Ferrers, Chelmsford, CM3 8RD. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
Billericay Fertiliser Storage Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided at the following rate:

Plant and machinery
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
Billericay Fertiliser Storage Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1

Page 4

 
Billericay Fertiliser Storage Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 January 2023
553,348



At 31 December 2023

553,348



Depreciation


At 1 January 2023
168,755


Charge for the year
55,335



At 31 December 2023

224,090



Net book value



At 31 December 2023
329,258



At 31 December 2022
384,593


5.


Debtors

2023
2022
£
£


Trade debtors
64,384
35,022

Other debtors
220
7,711

Prepayments and accrued income
-
5,345

64,604
48,078



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,490
29,519


Page 5

 
Billericay Fertiliser Storage Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
32,285

Amount owed to parent company
337,119
382,179

Corporation tax
6,596
-

Taxation and social security
9,477
-

Accruals and deferred income
4,153
4,153

357,345
418,617



8.


Deferred taxation




2023
2022


£

£






At beginning of year
36,889
16,709


Charge for the year
5,516
20,180



At end of year
42,405
36,889

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
42,405
36,889


9.


Related party transactions

The director has elected to take advantage of the exemption as set out in paragraph 33. 1A of FRS102, and has therefore not disclosed transactions with a wholly owned member of the group. 


10.


Parent company

The parent company is Billericay Fertiliser Services Limited, a company incorporated in England and Wales. The registered office and principal place of business of Billericay Fertiliser Services Limited is Quaintways, Workhouse Lane, South Woodham Ferrers, Chelmsford, CM3 8RD. 

Page 6

 
Billericay Fertiliser Storage Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 6 August 2024 by Steven James Garrod  (Senior statutory auditor) on behalf of Clay Ratnage Strevens & Hills.

 
Page 7