Birch Fitted Furniture Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05702503 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Birch Fitted Furniture Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M J Birch

Mrs C E Birch

SECRETARY:

M J Birch

REGISTERED OFFICE:

Telford Way

Stephenson Industrial Estate

Coalville

Leicestershire

LE67 3HE

REGISTERED NUMBER:

05702503 (England and Wales)

ACCOUNTANTS:

Sharpe & Co. Accountants Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Birch Fitted Furniture Limited for the year ended 31 October 2018 which comprise the Statement of Income

and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Birch Fitted Furniture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Birch Fitted Furniture Limited and state those matters that we have agreed to state to the Board of Directors of Birch Fitted Furniture Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Birch Fitted Furniture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Birch Fitted Furniture Limited. You consider that Birch Fitted Furniture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Birch Fitted Furniture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharpe & Co. Accountants Limited

4 April 2019

FIXED ASSETS

Tangible assets

4

83,548

66,970

Investments

5

100

100

83,648

67,070

CURRENT ASSETS

Debtors

6

76,341

113,951

Cash at bank

5,754

2,839

82,095

116,790

CREDITORS

Amounts falling due within one year

7

85,509

85,151

NET CURRENT (LIABILITIES)/ASSETS

(3,414

)

31,639

TOTAL ASSETS LESS CURRENT LIABILITIES

80,234

98,709

CREDITORS

Amounts falling due after more than one year

8

(17,377

)

(4,476

)

PROVISIONS FOR LIABILITIES

(9,741

)

(5,245

)

NET ASSETS

53,116

88,988

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

53,016

88,888

SHAREHOLDERS' FUNDS

53,116

88,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 April 2019 and were signed on its behalf by:

M J Birch - Director

1.	STATUTORY INFORMATION

Birch Fitted Furniture 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 etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

564,172

Additions

44,432

At 31 October 2018

608,604

DEPRECIATION

At 1 November 2017

497,202

Charge for year

27,854

At 31 October 2018

525,056

NET BOOK VALUE

At 31 October 2018

83,548

At 31 October 2017

66,970

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2017

111,960

Additions

36,583

Transfer to ownership

(12,500

)

At 31 October 2018

136,043

DEPRECIATION

At 1 November 2017

76,536

Charge for year

18,002

Transfer to ownership

(9,534

)

At 31 October 2018

85,004

NET BOOK VALUE

At 31 October 2018

51,039

At 31 October 2017

35,424

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2017

and 31 October 2018

100

NET BOOK VALUE

At 31 October 2018

100

At 31 October 2017

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Amounts owed by group undertakings

76,341

113,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Hire purchase contracts

15,451

17,903

Taxation and social security

70,058

67,248

85,509

85,151

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.18

31.10.17

£

£

Hire purchase contracts

17,377

4,476

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.18

31.10.17

£

£

Hire purchase contracts

32,828

22,379

The liabilities are secured against the financed asset.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.18

31.10.17

value:

£

£

100

Ordinary £1 shares

1

100

100

11.	RELATED PARTY DISCLOSURES

Mr Birch provided a personal guarantee in respect of Hire Purchase Agreements entered into by the company.