Birchcross Management Ltd - Period Ending 2014-11-30

Birchcross Management Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2014

PPR Associates Ltd
Suite 2b Enterprise Court
Hamilton Way
Mansfield
Nottinghamshire
NG18 5BU

Birchcross Management Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Birchcross Management Ltd
for the Year Ended 30 November 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Birchcross Management Ltd for the year ended 30 November 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Birchcross Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Birchcross Management Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Birchcross Management Ltd and its Board of Directors as a body for our work or for this report.

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

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

PPR Associates Ltd
Suite 2b Enterprise Court
Hamilton Way
Mansfield
Nottinghamshire
NG18 5BU

28 August 2015

Page 1

Birchcross Management Ltd
(Registration number: 06964539)
Abbreviated Balance Sheet at 30 November 2014

	Note	2014 £	2013 £
Fixed assets
Intangible fixed assets		11,900	11,900
Tangible fixed assets		3,049	3,630
		14,949	15,530
Current assets
Stocks		1,840	4,110
Debtors		14,602	11,624
Cash at bank and in hand		762	1,832
		17,204	17,566
Creditors: Amounts falling due within one year		(13,942)	(23,038)
Net current assets/(liabilities)		3,262	(5,472)
Total assets less current liabilities		18,211	10,058
Provisions for liabilities		(610)	(726)
Net assets		17,601	9,332
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		17,501	9,232
Shareholders' funds		17,601	9,332

For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 28 August 2015 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Birchcross Management Ltd
(Registration number: 06964539)
Abbreviated Balance Sheet at 30 November 2014
......... continued

.........................................
Mrs Deborah Kennedy
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Birchcross Management Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of nil years

Asset class	Amortisation method and rate
Goodwill	straight line basis over 0 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance
Fixtures and fittings	25% on reducing balance
Motor vehicles	25% on reducing balance
Office equipment	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised where applicable in respect of all timing differences that have originated but not reversed at the balance sheet date.

Page 4

Birchcross Management Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 December 2013	11,900	6,897	18,797
Additions	-	724	724
Disposals	-	(500)	(500)
At 30 November 2014	11,900	7,121	19,021
Depreciation
At 1 December 2013	-	3,267	3,267
Charge for the year	-	1,016	1,016
Eliminated on disposals	-	(211)	(211)
At 30 November 2014	-	4,072	4,072
Net book value
At 30 November 2014	11,900	3,049	14,949
At 30 November 2013	11,900	3,630	15,530

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
ORDINARY of £1 each		100	100		100	100

Page 5