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REGISTERED NUMBER: 07603944 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Billy-Bob's Parlour Limited

Billy-Bob's Parlour Limited (Registered number: 07603944)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 9

Statement of Financial Position 10

Statement of Cash Flows 12

Notes to the Statement of Cash Flows 13

Notes to the Financial Statements 14


Billy-Bob's Parlour Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr G S Rogers
Mrs A J Rogers





REGISTERED OFFICE: Calm Slate Farm
Holme Lane
Halton East
Skipton
North Yorkshire
BD23 6EU





REGISTERED NUMBER: 07603944 (England and Wales)





AUDITORS: Stirk Lambert & Co
Chartered Accountants
Statutory Auditors
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Billy-Bob's Parlour Limited (Registered number: 07603944)

Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The company continues to thrive in the retail sector, with the expansion to the second site.

The company performed well during the year with revenue growth of 27.0%.

PRINCIPAL RISKS AND UNCERTAINTIES
The key business risks and uncertainties affecting the company are set out below:

Raw material price volatility
Exchange rate variance
Supply chain distribution

These risks are managed through monitory of the appropriate markets, maintaining close supplier relationships and multiple sourcing of key resources.

KEY PERFORMANCE INDICATORS
The director monitors performance of the group with reference to the following key performance indicators:


2024 2023
Revenue growth % 27.0% 28.6%
Gross profit % 73.5% 72.9%
Net profit before tax % 8.2% 2.8%

OUTLOOK
Navigating the current market poses significant challenges due to the cost-of-living crisis, soaring energy expenses, and food inflation, which collectively diminish customers' disposable income and squeeze business margins. Billy-Bob's remains vigilant, continuously reassessing pricing strategies to sustain the business's success while prioritising fairness and delivering value to customers. Additionally, the company remains committed to upholding the highest standards of quality and minimising waste. The full opening of the second parlour has already increased revenue and is expected to continue doing so.

ON BEHALF OF THE BOARD:





Mr G S Rogers - Director


15 April 2025

Billy-Bob's Parlour Limited (Registered number: 07603944)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of an ice cream parlour.

DIVIDENDS
Interim dividends totalling £330 per share were paid on the Ordinary A 1p shares during the year. No dividends were paid on the Ordinary £1 shares.

The total distribution of dividends for the year ended 31 December 2024 will be £ 20,000 .

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 January 2024 to the date of this report.

The beneficial interests of the directors holding office at 31 December 2024 in the shares of the company, according to the register of directors' interests, were as follows:

31.12.24 1.1.24
Ordinary A shares of 1p each
Mr G S Rogers 60 100
Mrs A J Rogers 60 100

These directors did not hold any non-beneficial interests in the shares of the company.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Billy-Bob's Parlour Limited (Registered number: 07603944)

Report of the Directors
for the Year Ended 31 December 2024


AUDITORS
The auditors, Stirk Lambert & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr G S Rogers - Director


15 April 2025

Report of the Independent Auditors to the Members of
Billy-Bob's Parlour Limited

Opinion
We have audited the financial statements of Billy-Bob's Parlour Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Billy-Bob's Parlour Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Billy-Bob's Parlour Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud and
- considered the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of
potential bias;
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims and
- reviewing correspondence with HMRC and relevant regulators

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Billy-Bob's Parlour Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mrs C Hill (Senior Statutory Auditor)
for and on behalf of Stirk Lambert & Co
Chartered Accountants
Statutory Auditors
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

15 April 2025

Billy-Bob's Parlour Limited (Registered number: 07603944)

Statement of Income and
Retained Earnings
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 6,508,149 5,123,174

Cost of sales (1,725,586 ) (1,389,415 )
GROSS PROFIT 4,782,563 3,733,759

Administrative expenses (4,159,962 ) (3,540,075 )
622,601 193,684

Other operating income 607 43,108
623,208 236,792

Interest receivable and similar income 2,022 328
625,230 237,120

Interest payable and similar expenses 5 (88,820 ) (94,845 )
PROFIT BEFORE TAXATION 6 536,410 142,275

Tax on profit 7 (152,841 ) (52,170 )
PROFIT FOR THE FINANCIAL YEAR 383,569 90,105

Retained earnings at beginning of year 2,214,993 2,149,888

Dividends 8 (20,000 ) (25,000 )

RETAINED EARNINGS AT END OF
YEAR

2,578,562

2,214,993

Billy-Bob's Parlour Limited (Registered number: 07603944)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 9 5,124,619 5,151,455

CURRENT ASSETS
Stocks 10 117,577 101,408
Debtors 11 175,105 82,803
Cash at bank and in hand 147,493 64,916
440,175 249,127
CREDITORS
Amounts falling due within one year 12 (2,062,263 ) (2,119,533 )
NET CURRENT LIABILITIES (1,622,088 ) (1,870,406 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,502,531

3,281,049

CREDITORS
Amounts falling due after more than one
year

13

(486,775

)

(681,359

)

PROVISIONS FOR LIABILITIES 17 (437,192 ) (384,695 )
NET ASSETS 2,578,564 2,214,995

CAPITAL AND RESERVES
Called up share capital 18 2 2
Retained earnings 19 2,578,562 2,214,993
SHAREHOLDERS' FUNDS 2,578,564 2,214,995

Billy-Bob's Parlour Limited (Registered number: 07603944)

Statement of Financial Position - continued
31 December 2024



The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mr G S Rogers - Director


Billy-Bob's Parlour Limited (Registered number: 07603944)

Statement of Cash Flows
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 842,683 879,327
Interest paid (84,552 ) (92,923 )
Interest element of hire purchase payments
paid

(4,268

)

(1,922

)
Tax paid - 20,857
Net cash from operating activities 753,863 805,339

Cash flows from investing activities
Purchase of tangible fixed assets (335,399 ) (690,686 )
Sale of tangible fixed assets - 140,783
Interest received 2,022 328
Net cash from investing activities (333,377 ) (549,575 )

Cash flows from financing activities
Loan repayments in year (242,845 ) (313,739 )
Capital repayments in year 18,570 50,927
Amount introduced by directors 141,480 265,802
Amount withdrawn by directors (235,114 ) (254,673 )
Equity dividends paid (20,000 ) (25,000 )
Net cash from financing activities (337,909 ) (276,683 )

Increase/(decrease) in cash and cash equivalents 82,577 (20,919 )
Cash and cash equivalents at beginning of
year

2

64,916

85,835

Cash and cash equivalents at end of year 2 147,493 64,916

Billy-Bob's Parlour Limited (Registered number: 07603944)

Notes to the Statement of Cash Flows
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.12.24 31.12.23
£    £   
Profit before taxation 536,410 142,275
Depreciation charges 359,082 354,068
Loss/(profit) on disposal of fixed assets 3,152 (24,131 )
Finance costs 88,820 94,845
Finance income (2,022 ) (328 )
985,442 566,729
Increase in stocks (16,169 ) (9,988 )
Increase in trade and other debtors (10,504 ) (5,352 )
(Decrease)/increase in trade and other creditors (116,086 ) 327,938
Cash generated from operations 842,683 879,327

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 147,493 64,916
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 64,916 85,835


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 64,916 82,577 147,493
64,916 82,577 147,493
Debt
Finance leases (76,382 ) (18,570 ) (94,952 )
Debts falling due within 1 year (242,847 ) 40,555 (202,292 )
Debts falling due after 1 year (633,368 ) 202,291 (431,077 )
(952,597 ) 224,276 (728,321 )
Total (887,681 ) 306,853 (580,828 )

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

1. STATUTORY INFORMATION

Billy-Bob's Parlour 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 (£).


2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 for goods supplied and
services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service
transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.
Leasehold improvements - Over the remaining length of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


Billy-Bob's Parlour Limited (Registered number: 07603944)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 2,506,904 2,212,974
Social security costs 195,952 162,426
Other pension costs 44,413 28,895
2,747,269 2,404,295

The average number of employees during the year was as follows:
31.12.24 31.12.23

Front of House 174 139
Kitchen 27 25
Office 9 12
Maintenance 2 3
212 179

31.12.24 31.12.23
£    £   
Directors' remuneration 48,200 19,600

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.24 31.12.23
£    £   
Bank loan interest 82,656 92,923
Interest payable 1,896 -
Hire purchase 4,268 1,922
88,820 94,845

6. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

31.12.24 31.12.23
£    £   
Other operating leases 123,895 113,600
Depreciation - owned assets 336,221 341,426
Depreciation - assets on hire purchase contracts 22,862 12,643
Loss/(profit) on disposal of fixed assets 3,152 (24,131 )
Auditors' remuneration 12,000 14,700
Foreign exchange differences 471 (12 )

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax 100,344 -

Deferred tax 52,497 52,170
Tax on profit 152,841 52,170

8. DIVIDENDS
31.12.24 31.12.23
£    £   
Ordinary A shares of 1p each
Interim 20,000 25,000

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

9. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 January 2024 4,736,726 1,184,858 687,351
Additions 178,177 37,604 64,449
Disposals - (15,087 ) -
At 31 December 2024 4,914,903 1,207,375 751,800
DEPRECIATION
At 1 January 2024 728,643 598,319 236,581
Charge for year 164,826 91,530 71,960
Eliminated on disposal - (12,099 ) -
At 31 December 2024 893,469 677,750 308,541
NET BOOK VALUE
At 31 December 2024 4,021,434 529,625 443,259
At 31 December 2023 4,008,083 586,539 450,770

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 189,275 18,041 6,816,251
Additions 53,653 1,516 335,399
Disposals - (2,191 ) (17,278 )
At 31 December 2024 242,928 17,366 7,134,372
DEPRECIATION
At 1 January 2024 90,838 10,415 1,664,796
Charge for year 28,729 2,038 359,083
Eliminated on disposal - (2,027 ) (14,126 )
At 31 December 2024 119,567 10,426 2,009,753
NET BOOK VALUE
At 31 December 2024 123,361 6,940 5,124,619
At 31 December 2023 98,437 7,626 5,151,455

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

9. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 95,997
Additions 53,653
At 31 December 2024 149,650
DEPRECIATION
At 1 January 2024 21,031
Charge for year 22,862
At 31 December 2024 43,893
NET BOOK VALUE
At 31 December 2024 105,757
At 31 December 2023 74,966

10. STOCKS
31.12.24 31.12.23
£    £   
Stocks 117,577 101,408

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 12,381 1,513
Directors' current accounts 81,798 -
Prepayments 80,926 81,290
175,105 82,803

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 14) 202,292 242,847
Hire purchase contracts (see note 15) 39,254 28,391
Trade creditors 448,157 446,428
Tax 100,344 -
Social security and other taxes 62,667 133,094
VAT 441,131 504,030
Other creditors 577,392 575,219
Directors' current accounts - 11,836
Accrued expenses 191,026 177,688
2,062,263 2,119,533

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 14) 431,077 633,368
Hire purchase contracts (see note 15) 55,698 47,991
486,775 681,359

14. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 202,292 242,847

Amounts falling due between one and two years:
Bank loans - 1-2 years 190,625 202,292

Amounts falling due between two and five years:
Bank loans - 2-5 years 240,452 431,076

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Gross obligations repayable:
Within one year 44,863 32,121
Between one and five years 64,311 54,759
109,174 86,880

Finance charges repayable:
Within one year 5,609 3,730
Between one and five years 8,613 6,768
14,222 10,498

Net obligations repayable:
Within one year 39,254 28,391
Between one and five years 55,698 47,991
94,952 76,382

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

15. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 116,985 115,641
Between one and five years 467,940 462,564
In more than five years 2,164,332 2,257,797
2,749,257 2,836,002

16. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 94,952 76,382
Bank loan 633,369 876,215
728,321 952,597

The hire purchase contracts are secured against the assets to which they relate.

The bank loan is secured by way of a fixed charge held over the property at North Planks Farm, Garstang Road, Preston, PR3 5AD.

17. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 437,192 384,695

Deferred
tax
£   
Balance at 1 January 2024 384,695
Provided during year 52,497
Balance at 31 December 2024 437,192

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary A 1p 2 2

Billy-Bob's Parlour Limited (Registered number: 07603944)

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

19. RESERVES
Retained
earnings
£   

At 1 January 2024 2,214,993
Profit for the year 383,569
Dividends (20,000 )
At 31 December 2024 2,578,562

20. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr G S Rogers
Balance outstanding at start of year - -
Amounts advanced 81,799 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,799 -

21. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
31.12.24 31.12.23
£    £   
Amount due to related party 545,951 545,951

Mr G Rogers has a controlling stake in both Billy-Bob's Parlour Limited Yorkshire Dale Ice Cream Limited. The balance declared reflect the balances between the two entities.

22. ULTIMATE CONTROLLING PARTY

The director controls the company by virtue of his shareholding.