Birch Bedrooms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03265841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Birch Bedrooms 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:

03265841 (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 Bedrooms Limited for the year ended 31 October 2018 which comprise the Income Statement, Other

Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Bedrooms 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 Bedrooms Limited and state those matters that we have agreed to state to the Board of Directors of Birch Bedrooms 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 Bedrooms 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 Bedrooms Limited. You consider that Birch Bedrooms 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 Bedrooms 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

41,907

50,899

CURRENT ASSETS

Stocks

87,019

95,105

Debtors

5

187,774

114,808

Cash at bank and in hand

149,131

159,938

423,924

369,851

CREDITORS

Amounts falling due within one year

6

372,713

313,955

NET CURRENT ASSETS

51,211

55,896

TOTAL ASSETS LESS CURRENT LIABILITIES

93,118

106,795

CREDITORS

Amounts falling due after more than one year

7

(2,696

)

(18,874

)

PROVISIONS FOR LIABILITIES

(5,968

)

(7,503

)

NET ASSETS

84,454

80,418

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

84,354

80,318

SHAREHOLDERS' FUNDS

84,454

80,418

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 Income Statement 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 Bedrooms 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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

10% - 33.3% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2017

29,192

74,553

103,745

Additions

-

4,979

4,979

At 31 October 2018

29,192

79,532

108,724

DEPRECIATION

At 1 November 2017

29,192

23,654

52,846

Charge for year

-

13,971

13,971

At 31 October 2018

29,192

37,625

66,817

NET BOOK VALUE

At 31 October 2018

-

41,907

41,907

At 31 October 2017

-

50,899

50,899

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

and 31 October 2018

48,072

DEPRECIATION

At 1 November 2017

12,018

Charge for year

9,014

At 31 October 2018

21,032

NET BOOK VALUE

At 31 October 2018

27,040

At 31 October 2017

36,054

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

176,204

110,114

Other debtors

11,570

4,694

187,774

114,808

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Hire purchase contracts

16,177

16,177

Trade creditors

135,725

98,771

Amounts owed to group undertakings

76,341

113,951

Taxation and social security

17,522

28,581

Other creditors

126,948

56,475

372,713

313,955

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.18

31.10.17

£

£

Hire purchase contracts

2,696

18,874

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.18

31.10.17

£

£

Hire purchase contracts

18,873

35,051

Assets held under hire purchase agreements are secured against the financed asset.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.18

31.10.17

value:

£

£

100

Ordinary shares

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2018 and

31 October 2017:

31.10.18

31.10.17

£

£

M J Birch and Mrs C E Birch

Balance outstanding at start of year

(622

)

(91,108

)

Amounts advanced

193,991

223,746

Amounts repaid

(195,663

)

(133,260

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,294

)

(622

)

The joint directors' loan account is interest free (whether owed to or owing by the directors) is interest free and

repayable on demand.