Registration number: 10444812

Billing Better Limited

Contents

Company Information	1
Statement of Income and Retained Earnings	2
Statement of Financial Position	3 to 4
Statement of Changes in Equity	5
Notes to the Unaudited Financial Statements	6 to 11

Billing Better Limited

Company Information

Directors

J D Ray W P J Hyde S G Simons

Registered office

124 City Road London EC1V 2NX

Billing Better Limited

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

	Note	2024 £	1 November 2022 to 31 December 2023 £
Turnover		5,959,418	3,789,841
Cost of sales		(1,593,130)	(1,369,729)
Gross profit		4,366,288	2,420,112
Administrative expenses		(5,232,525)	(3,124,014)
Operating loss		(866,237)	(703,902)
Other interest receivable and similar income		814	93
Interest payable and similar charges		(2,367)	(9,400)
		(1,553)	(9,307)
Loss before tax		(867,790)	(713,209)
Taxation		(2,271)	24,407
Loss for the financial year		(870,061)	(688,802)
Retained earnings brought forward		(806,166)	(117,364)
Retained earnings carried forward		(1,676,227)	(806,166)

Billing Better Limited

Statement of Financial Position as at 31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Fixed assets
Intangible assets	4	89,153	110,703
Tangible assets	5	30,411	26,085
		119,564	136,788
Current assets
Debtors	6	851,578	653,527
Cash at bank and in hand		6,909	110,117
		858,487	763,644
Creditors: Amounts falling due within one year	7	(2,637,114)	(1,682,023)
Net current liabilities		(1,778,627)	(918,379)
Total assets less current liabilities		(1,659,063)	(781,591)
Creditors: Amounts falling due after more than one year	7	(8,272)	(17,954)
Provisions for liabilities		(8,792)	(6,521)
Net liabilities		(1,676,127)	(806,066)
Capital and reserves
Called up share capital		100	100
Retained earnings		(1,676,227)	(806,166)
Shareholders' deficit		(1,676,127)	(806,066)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Billing Better Limited

Statement of Financial Position as at 31 December 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Billing Better Limited have elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

.........................................

W P J Hyde

Director

Company registration number: 10444812

Billing Better Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	100	(806,166)	(806,066)
Loss for the year	-	(870,061)	(870,061)
At 31 December 2024	100	(1,676,227)	(1,676,127)

	Share capital £	Retained earnings £	Total £
At 1 November 2022	1	(117,364)	(117,363)
Loss for the year	-	(688,802)	(688,802)
New share capital subscribed	99	-	99
At 31 December 2023	100	(806,166)	(806,066)

Billing Better Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
124 City Road
London
EC1V 2NX

The principal activity of the company is that of the provision of utility management services.

2	Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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

Going concern

The company made a loss for the period ended 31 December 2024 and had a net deficit of assets amounting to £1,676,029 at that date.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In the year to 31 December 2025, the company has returned to profitability and expects this to continue with revenue growing month on month.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of services rendered, net of discounts, rebates and similar allowances.

Revenue from the management of utility bills is recognised as services are rendered on a monthly basis for the duration of the customer's contract.

Revenue from referral of customers to recommended/partnered suppliers is recognised on the successful switch of the customer's services to said supplier/partner.

Billing Better Limited

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

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	5 years straight line
Computer equipment	5 years straight line

Billing Better Limited

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software development	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 73 (2023 - 43).

Billing Better Limited

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

4	Intangible assets

	Software development £	Total £
Cost or valuation
At 1 January 2024	128,089	128,089
Additions acquired separately	4,786	4,786
At 31 December 2024	132,875	132,875
Amortisation
At 1 January 2024	17,386	17,386
Amortisation charge	26,336	26,336
At 31 December 2024	43,722	43,722
Carrying amount
At 31 December 2024	89,153	89,153
At 31 December 2023	110,703	110,703

5	Tangible assets

	Fixtures and fittings  £	Computer equipment £	Total £
Cost or valuation
At 1 January 2024	8,220	21,906	30,126
Additions	-	12,168	12,168
At 31 December 2024	8,220	34,074	42,294
Depreciation
At 1 January 2024	473	3,568	4,041
Charge for the year	1,644	6,198	7,842
At 31 December 2024	2,117	9,766	11,883
Carrying amount
At 31 December 2024	6,103	24,308	30,411
At 31 December 2023	7,747	18,338	26,085

Billing Better Limited

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

6

Debtors

	2024 £	2023 £
Trade debtors	772,940	591,119
Other debtors	78,638	62,408
	851,578	653,527

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	8	9,682	9,444
Trade creditors		453,365	486,332
Amounts owed to group undertakings		1,391,734	700,030
Taxation and social security		643,209	432,978
Accruals and deferred income		31,250	7,000
Other creditors		107,874	46,239
		2,637,114	1,682,023