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Registration number: 10227005

Birkbeck Structures Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Birkbeck Structures Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Birkbeck Structures Limited

Balance Sheet

as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

270,067

378,888

Current assets

 

Stocks

29,077

108,675

Debtors

5

1,107,529

1,434,962

Cash at bank and in hand

 

19,198

61,213

 

1,155,804

1,604,850

Creditors: Amounts falling due within one year

6

(861,329)

(1,139,682)

Net current assets

 

294,475

465,168

Total assets less current liabilities

 

564,542

844,056

Creditors: Amounts falling due after more than one year

6

(541,796)

(865,898)

Provisions for liabilities

-

(65,296)

Net assets/(liabilities)

 

22,746

(87,138)

Capital and reserves

 

Allotted, called up and fully paid share capital

500,080

80

Profit and loss account

(477,334)

(87,218)

Shareholders' funds

 

22,746

(87,138)

Registration number: 10227005

 

Birkbeck Structures Limited

Balance Sheet

as at 30 September 2023 (continued)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 

.........................................
Mr J M Walker
Director

 

Birkbeck Structures Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2023

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 10227005.

The address of its registered office is:
Jubilee Mills
School Street
Bradford
West Yorkshire
BD4 9PG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Amounts recoverable on contracts are included within trade debtors.

 

Birkbeck Structures Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Birkbeck Structures Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% on cost

Short leasehold property improvements

Straight line over the period of the lease

Plant and machinery

20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Birkbeck Structures Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 21 (2022 - 24).

 

Birkbeck Structures Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2023 (continued)

4

Tangible assets

Short leasehold
property improvements
£

Fixtures, fittings and equipment
 £

Plant and machinery
 £

Total
£

Cost

At 1 October 2022

71,088

102,334

376,702

550,124

Additions

-

1,531

783

2,314

At 30 September 2023

71,088

103,865

377,485

552,438

Depreciation

At 1 October 2022

31,743

51,900

87,593

171,236

Charge for the year

15,230

20,552

75,353

111,135

At 30 September 2023

46,973

72,452

162,946

282,371

Net book value

At 30 September 2023

24,115

31,413

214,539

270,067

At 30 September 2022

39,345

50,434

289,109

378,888

5

Debtors

Current

2023
£

2022
£

Trade debtors

943,894

1,289,282

Prepayments

69,300

59,800

Other debtors

94,335

85,880

 

1,107,529

1,434,962

 

Birkbeck Structures Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2023 (continued)

6

Creditors

2023
£

2022
£

Due within one year

Bank borrowings

10,003

10,041

HP and finance lease liabilities

55,772

55,772

Trade creditors

552,288

723,532

Directors loan accounts

193,362

315,076

Taxation and social security

17,692

20,854

Other creditors

789

-

Accruals and deferred income

31,423

14,407

861,329

1,139,682

Due after one year

Bank borrowings

25,842

35,982

HP and finance lease liabilities

116,329

172,101

Other non-current financial liabilities

399,625

657,815

541,796

865,898

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank loans and overdrafts

142,171

208,083

Other non-current financial liabilities

 

399,625

657,815

 

541,796

865,898

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £185,742 (2022 - £302,502).