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REGISTERED NUMBER: 07902826 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

MT & CM Birch Ltd

MT & CM Birch Ltd (Registered number: 07902826)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MT & CM Birch Ltd (Registered number: 07902826)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 8,550
Tangible assets 5 46,281 55,773
46,281 64,323

CURRENT ASSETS
Stocks 46,500 37,663
Debtors 6 5,654 5,411
Cash at bank and in hand 16,370 23,747
68,524 66,821
CREDITORS
Amounts falling due within one year 7 47,396 41,548
NET CURRENT ASSETS 21,128 25,273
TOTAL ASSETS LESS CURRENT LIABILITIES 67,409 89,596

CREDITORS
Amounts falling due after more than one year 8 (43,036 ) (48,888 )

PROVISIONS FOR LIABILITIES (4,822 ) (5,633 )
NET ASSETS 19,551 35,075

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,549 35,073
SHAREHOLDERS' FUNDS 19,551 35,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MT & CM Birch Ltd (Registered number: 07902826)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2023 and were signed on its behalf by:





Mr M T Birch - Director


MT & CM Birch Ltd (Registered number: 07902826)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MT & CM Birch Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07902826

Registered office: 9 High Street
Leek
Staffordshire
ST13 5DZ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Short leasehold - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MT & CM Birch Ltd (Registered number: 07902826)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 9 (2022 - 10 ) .

MT & CM Birch Ltd (Registered number: 07902826)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 85,500
AMORTISATION
At 1 April 2022 76,950
Amortisation for year 8,550
At 31 March 2023 85,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 8,550

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 52,238 43,783 13,998 - 110,019
Additions - 670 - 797 1,467
At 31 March 2023 52,238 44,453 13,998 797 111,486
DEPRECIATION
At 1 April 2022 26,114 24,414 3,718 - 54,246
Charge for year 5,224 3,006 2,570 159 10,959
At 31 March 2023 31,338 27,420 6,288 159 65,205
NET BOOK VALUE
At 31 March 2023 20,900 17,033 7,710 638 46,281
At 31 March 2022 26,124 19,369 10,280 - 55,773

MT & CM Birch Ltd (Registered number: 07902826)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 13,998
DEPRECIATION
At 1 April 2022 3,718
Charge for year 2,570
At 31 March 2023 6,288
NET BOOK VALUE
At 31 March 2023 7,710
At 31 March 2022 10,280

The hire purchase liabilities are secured against the assets to which they relate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,654 5,411

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 2,852 2,852
Taxation and social security 17,255 18,445
Other creditors 19,289 12,251
47,396 41,548

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,333 25,333
Hire purchase contracts 5,703 8,555
Other creditors 20,000 15,000
43,036 48,888

MT & CM Birch Ltd (Registered number: 07902826)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £69,875 (2022 £86,000). This financial commitment represents the total amount of payments remaining on a lease ending July 2027.