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REGISTERED NUMBER: 08521262 (England and Wales)


















Birch Solutions UK Limited

Financial Statements for the Year Ended 31 December 2023






Birch Solutions UK Limited (Registered number: 08521262)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Birch Solutions UK Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: R M Stansfield
A J Embleton
C Fincher
P T Fitzgerald
P Hogan
E G R Arnott
M Kiefer





REGISTERED OFFICE: Melton Ross Quarries
Barnetby
North Lincolnshire
DN38 6AE





REGISTERED NUMBER: 08521262 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Birch Solutions UK Limited (Registered number: 08521262)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 75,553 95,041

CURRENT ASSETS
Stocks 5 416,138 220,624
Debtors 6 852,968 658,613
Cash at bank and in hand 123,210 36,562
1,392,316 915,799
CREDITORS
Amounts falling due within one year 7 (1,467,951 ) (726,556 )
NET CURRENT (LIABILITIES)/ASSETS (75,635 ) 189,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82

)

284,284

CREDITORS
Amounts falling due after more than one
year

8

(35,000

)

(35,000

)
NET (LIABILITIES)/ASSETS (35,082 ) 249,284

CAPITAL AND RESERVES
Called up share capital 9 25,000 25,000
Retained earnings (60,082 ) 224,284
SHAREHOLDERS' FUNDS (35,082 ) 249,284

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2024 and were signed on its behalf by:




R M Stansfield - Director



A J Embleton - Director


Birch Solutions UK Limited (Registered number: 08521262)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Birch Solutions UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements have been prepared on a going concern basis. The directors have taken note of the guidance issued by the Financial Reporting Council on Going Concern Assessments in determining that this is the appropriate basis of preparation of the financial statements and have considered a number of factors. The ultimate parent company has confirmed its continuing support to this company for a period at least 12 months from the date of signing the financial statements and this has specifically included reviewing banking facilities in place and detailed forecasting using sensitivity analysis to ensure that the worst case scenario situation does not put the going concern concept at risk.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes those costs that are directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and Machinery - 25-33% Straight line

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.


Birch Solutions UK Limited (Registered number: 08521262)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 187,393
Additions 14,143
At 31 December 2023 201,536
DEPRECIATION
At 1 January 2023 92,352
Charge for year 33,631
At 31 December 2023 125,983
NET BOOK VALUE
At 31 December 2023 75,553
At 31 December 2022 95,041

Birch Solutions UK Limited (Registered number: 08521262)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. STOCKS
2023 2022
£    £   
Stocks 416,138 220,624

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 696,695 390,306
Amounts owed by group undertakings 88,744 22,414
Other debtors 1,125 1,125
Deferred tax asset 28,785 25,881
Prepayments and accrued income 37,619 218,887
852,968 658,613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 133,453 255,226
Trade creditors 124,660 125,068
Amounts owed to group undertakings 852,440 165,387
Taxation and social security 116,501 101,504
Other creditors 240,897 79,371
1,467,951 726,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 35,000 35,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary Shares £1 25,000 25,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicola Shipley FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

11. CONTINGENT LIABILITIES

The company is party to a composite multilateral guarantee and debenture together with its UK parent
undertakings in respect of the group borrowings which are secured, in part, by fixed and floating charges over the assets of the company. The potential liability to the company under the arrangement at 31 December 2023 was £nil.

Birch Solutions UK Limited (Registered number: 08521262)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

Singleton Birch Limited is the immediate parent company and its registered office is the same as is listed on page 1. Singleton Birch Limited is regarded as the parent undertaking of the smallest group for which group accounts are prepared and made publicly available. The ultimate parent company in the UK is Mississippi Lime UK Limited which owns 100% of the entire issued share capital of the Singleton Birch Limited. Copies of the group accounts can be obtained from Companies House.

HBM Holdings Company (incorporated in USA) is regarded by the directors as being the Company's ultimate parent holding company. Its registered office address is Suite 1050, 101 South Hanley Road St. Louis, MO 63105, USA. The largest group in which the results of the company are consolidated i that headed by HBM Holdings Company however, these accounts are not publicly available.

There is no ultimate controlling party.