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REGISTERED NUMBER: 11165870 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Billingham Biomass Group Limited

Billingham Biomass Group Limited (Registered number: 11165870)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Billingham Biomass Group Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M J Riley
N Sanderson





REGISTERED OFFICE: 1 Cassel Court
Haverton Hill Road
Billingham
TS23 1RB





REGISTERED NUMBER: 11165870 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Billingham Biomass Group Limited (Registered number: 11165870)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 928,677 990,490

CURRENT ASSETS
Debtors 5 60,000 66,450
Cash at bank 54,674 26,387
114,674 92,837
CREDITORS
Amounts falling due within one year 6 1,206,380 1,212,195
NET CURRENT LIABILITIES (1,091,706 ) (1,119,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(163,029

)

(128,868

)

CREDITORS
Amounts falling due after more than one
year

7

47,439

168,683
NET LIABILITIES (210,468 ) (297,551 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (210,568 ) (297,651 )
SHAREHOLDERS' FUNDS (210,468 ) (297,551 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Billingham Biomass Group Limited (Registered number: 11165870)

Balance Sheet - continued
31 January 2024


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 28 October 2024 and were signed on its behalf by:





N Sanderson - Director


Billingham Biomass Group Limited (Registered number: 11165870)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Billingham Biomass Group 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The company has net liabilities of £210,468 (2023: £297,551) but has the support of other companies controlled by the shareholders. The directors have received confirmation that this financial support will continue. Having assessed the ability of these companies to provide this ongoing support, the directors have a reasonable and proper expectation that the company will continue to have adequate resources to continue in operational existence for the foreseeable future.The directors are pleased to report a profit in the current year and expect to continue to do so. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Billingham Biomass Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 5% on cost

All assets are initially recognised at cost.


Billingham Biomass Group Limited (Registered number: 11165870)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Billingham Biomass Group Limited (Registered number: 11165870)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 1,236,261
DEPRECIATION
At 1 February 2023 245,771
Charge for year 61,813
At 31 January 2024 307,584
NET BOOK VALUE
At 31 January 2024 928,677
At 31 January 2023 990,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,450
Amounts owed by participating interests 60,000 60,000
60,000 66,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 121,244 121,244
Trade creditors - 2,700
Amounts owed to participating interests 1,072,261 1,071,861
Taxation and social security 11,625 16,140
Other creditors 1,250 250
1,206,380 1,212,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 47,439 168,683

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 168,683 289,927

Hire purchase contracts are secured on the fixed assets to which they relate.

Billingham Biomass Group Limited (Registered number: 11165870)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

10. RELATED PARTY DISCLOSURES

Included in debtors is £60,000 (2023: £60,000) due from a company under common control.

Included in creditors is £1,072,261 (2023: £1,071,861) due to companies under common control.