BIRWAY LIMITED,Ltd - AccountsLtd - Accounts

BIRWAY LIMITED,Ltd - AccountsLtd - Accounts

BIRWAY LIMITED - Company Information

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2021-04-01 04301107 2022-03-31 04301107 2021-04-01 2022-03-31 04301107 2021-03-31 04301107 2020-04-01 2021-03-31 04301107 uk-core:WithinOneYear 2021-03-31 04301107 uk-core:WithinOneYear 2022-03-31 04301107 uk-core:AfterOneYear 2021-03-31 04301107 uk-core:AfterOneYear 2022-03-31 04301107 uk-core:ShareCapital 2022-03-31 04301107 uk-core:ShareCapital 2021-03-31 04301107 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04301107 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 04301107 uk-bus:Director1 2021-04-01 2022-03-31 04301107 uk-core:PlantMachinery 2021-04-01 2022-03-31 04301107 uk-core:OfficeEquipment 2021-04-01 2022-03-31 04301107 uk-core:MotorVehicles 2021-04-01 2022-03-31 04301107 uk-core:OfficeEquipment 2021-03-31 04301107 uk-core:MotorVehicles 2021-03-31 04301107 uk-core:PlantMachinery 2021-03-31 04301107 uk-core:Buildings 2021-03-31 04301107 uk-core:PlantMachinery 2022-03-31 04301107 uk-core:MotorVehicles 2022-03-31 04301107 uk-core:OfficeEquipment 2022-03-31 04301107 uk-core:Buildings 2022-03-31 04301107 uk-core:Buildings 2021-04-01 2022-03-31 04301107 uk-core:AfterOneYear uk-core:Secured 2022-03-31 04301107 uk-core:AfterOneYear uk-core:Secured 2021-03-31 iso4217:GBP xbrli:pure 04301107 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 04301107 uk-bus:FRS102 2021-04-01 2022-03-31 04301107 uk-bus:FullAccounts 2021-04-01 2022-03-31 04301107 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
BIRWAY LIMITED
Registered Number:04301107
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
BIRWAY LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04301107
As at 31 March 2022
BIRWAY LIMITED
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
817,584
822,436
2
817,584
822,436
Current assets
Trade and other receivables
4,700
4,700
3
39,376
Cash and cash equivalents
41,968
46,668
44,076
Trade and other payables: amounts falling due within one
year
(31,647)
(40,188)
4
12,429
6,480
Net current assets
Total assets less current liabilities
824,064
834,865
Trade and other payables: amounts falling due after more
than one year
(349,393)
(315,592)
5
508,472
Net assets
485,472
Capital and reserves
Called up share capital
2
2
Retained earnings
508,470
485,470
508,472
485,472
Shareholders' funds
For the year ended 31 March 2022 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 2022 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 06 December 2022 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2022
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
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 4
5
For the year ended 31 March 2022
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 2021
1,020,530
12,454
4,800
204,333
798,943
At 31 March 2022
204,333
4,800
12,454
1,020,530
798,943
Provision for depreciation and impairment
At 01 April 2021
198,094
9,562
4,800
183,732
-
Charge for year
4,852
732
-
4,120
-
At 31 March 2022
202,946
10,294
4,800
187,852
-
At 31 March 2022
Net book value
798,943
16,481
-
2,160
817,584
At 31 March 2021
798,943
20,601
-
2,892
822,436
3. Trade and other receivables
2021
2022
£
£
Trade debtors
4,600
4,600
Other debtors
100
100
4,700
4,700
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
40,005
31,497
Other creditors
183
150
40,188
31,647
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
230,592
264,393
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
85,000
85,000
315,592
349,393
3 of 4
6
For the year ended 31 March 2022
BIRWAY LIMITED
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 0
4 of 4