BIRWAY LIMITED,Ltd - AccountsLtd - Accounts

BIRWAY LIMITED - Company Information

Print Friendly Version

BIRWAY LIMITED

Registered Number:04301107

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

BIRWAY LIMITED

Contents Page

Statement of Financial Position

2 to 3

Notes to the Financial Statements

As at 31 March 2019

BIRWAY LIMITED

Statement of Financial Position

Registered Number :

04301107

2018

2019

Notes

Fixed assets

Property, plant and equipment

718,640

726,699

718,640

726,699

Current assets

Trade and other receivables

8,526

4,700

61,112

Cash and cash equivalents

73,200

77,900

69,638

Trade and other payables: amounts falling due within one

year

(12,072)

(22,845)

57,566

55,055

Net current assets

Total assets less current liabilities

773,695

784,265

Trade and other payables: amounts falling due after more

than one year

(473,562)

(432,595)

341,100

Net assets

310,703

Capital and reserves

Called up share capital

Retained earnings

341,098

310,701

341,100

310,703

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MICHAEL BEARDSMORE Director

These financial statements were approved and authorised for issue by the Board on 09 December 2019 and were signed by:

The notes form part of these financial statements

1 of 3

For the year ended 31 March 2019

BIRWAY LIMITED

Notes to the Financial Statements

Statutory Information

BIRWAY LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration

number 04301107.

Registered address:

10 HAGLEY ROAD

STOURBRIDGE

WEST MIDLANDS

DY8 1PS

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

20% Reducing balance

Computer equipment

20% Reducing balance

Motor vehicles

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

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.

Hire purchase and leasing commitments

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

2 of 3

For the year ended 31 March 2019

BIRWAY LIMITED

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 April 2018

898,870

8,056

4,800

204,333

681,681

4,398

Additions

At 31 March 2019

204,333

4,800

12,454

903,268

681,681

Provision for depreciation and impairment

At 01 April 2018

172,171

6,416

4,663

161,092

Charge for year

12,457

1,510

137

10,810

At 31 March 2019

184,628

7,926

4,800

171,902

At 31 March 2019

Net book value

681,681

32,431

4,528

718,640

At 31 March 2018

681,681

43,241

137

1,640

726,699

3. Trade and other receivables

2018

2019

Trade debtors

4,600

Other debtors

100

3,926

8,526

4,700

4. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

Taxation and social security

22,695

11,921

Other creditors

150

22,845

12,072

5. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft

347,595

388,562

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

85,000

432,595

473,562

3 of 3