BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is retail sales. Birchlea Trading Company Ltd was a holding company for the whole year 18 September 2024 5 7 NI045423 2023-12-31 NI045423 2022-12-31 NI045423 2021-12-31 NI045423 2023-01-01 2023-12-31 NI045423 2022-01-01 2022-12-31 NI045423 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI045423 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI045423 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI045423 uk-core:ShareCapital 2023-12-31 NI045423 uk-core:ShareCapital 2022-12-31 NI045423 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI045423 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI045423 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI045423 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI045423 uk-bus:FRS102 2023-01-01 2023-12-31 NI045423 uk-core:Land 2023-01-01 2023-12-31 NI045423 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI045423 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI045423 uk-core:CostValuation 2023-12-31 NI045423 uk-core:Subsidiary2 2023-01-01 2023-12-31 NI045423 uk-core:Subsidiary3 2023-01-01 2023-12-31 NI045423 uk-core:Subsidiary4 2023-01-01 2023-12-31 NI045423 uk-core:Subsidiary5 2023-01-01 2023-12-31 NI045423 uk-core:Subsidiary6 2023-01-01 2023-12-31 NI045423 2023-01-01 2023-12-31 NI045423 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 NI045423 uk-bus:Director2 2023-01-01 2023-12-31 NI045423 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Birchlea Trading Company Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Birchlea Trading Company Ltd
Company Registration Number: NI045423
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 440,786 482,459
Investments 5 298,345 298,345
───────── ─────────
Fixed Assets 739,131 780,804
───────── ─────────
 
Current Assets
Stocks 4,000 4,000
Debtors 465,635 400,917
Cash and cash equivalents 60,275 289,150
───────── ─────────
529,910 694,067
───────── ─────────
Creditors: amounts falling due within one year (434,750) (638,028)
───────── ─────────
Net Current Assets 95,160 56,039
───────── ─────────
Total Assets less Current Liabilities 834,291 836,843
 
Creditors:
amounts falling due after more than one year (226,797) (225,447)
 
Provisions for liabilities (21,017) (21,017)
───────── ─────────
Net Assets 586,477 590,379
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 586,476 590,378
───────── ─────────
Equity attributable to owners of the company 586,477 590,379
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 18 September 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Adrian Garvey     Damien Michael Garvey
Director     Director
           



Birchlea Trading Company Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Birchlea Trading Company Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is Unit 3 Cloughoge Business Park, Forkhill Road, Newry, Co. Down, BT35 8LZ, Northern Ireland. The principal place of business of the company is 7 Carrickasticken Rd, Forkhill, Newry BT35 9RP. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
These financial statements cover the individual entity for the year ended 31st December 2023.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 4% Straight line
  Fixtures, fittings and equipment - 10% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was:
 
  2023 2022
  Number Number
 
Employees 5 7
  ═════════ ═════════
           
4. Tangible assets
  Long Fixtures, Motor Total
  leasehold fittings and vehicles  
  property equipment    
  £ £ £ £
Cost
At 1 January 2023 269,084 237,526 77,687 584,297
  ───────── ───────── ───────── ─────────
 
At 31 December 2023 269,084 237,526 77,687 584,297
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 - 66,497 35,341 101,838
Charge for the financial year - 23,751 17,922 41,673
  ───────── ───────── ───────── ─────────
At 31 December 2023 - 90,248 53,263 143,511
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 269,084 147,278 24,424 440,786
  ═════════ ═════════ ═════════ ═════════
At 31 December 2022 269,084 171,029 42,346 482,459
  ═════════ ═════════ ═════════ ═════════
     
5. Investments
  Group and
  participating
  interests/
  joint ventures
Investments £
Cost
 
At 31 December 2023 298,345
  ─────────
Net book value
At 31 December 2023 298,345
  ═════════
At 31 December 2022 298,345
  ═════════
             
Big Wholes Limited Ireland Holding Company   Ordinary 100%
 
Damad Catering Limited Ireland Food Retail   Ordinary 100%
 
Synge & Byrne ROI Limited Ireland Food Retail   Ordinary 100%
 
BWL Food Retail Limited Northern Ireland Holds Franchise   Ordinary 100%
 
Synge & Byrne Abbey Limited Northern Ireland Food Retail   Ordinary 100%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
Big Wholes Limited 31 December 2023 5,443     3,283
Damad Catering Limited 31 December 2023 130,591     41,205
Synge & Byrne ROI Limited 31 December 2023 (37,059)     (101,590)
BWL Food Retail Limited 31 December 2023 (428)     (500)
Synge & Byrne Abbey Limited 31 December 2023 210,388     16,269
    ═════════     ═════════
       
6. Pension commitments
 
The company operates a defined contribution pension scheme for the benefit of company employees. The scheme and its assets are held by independent managers. At the balance sheet date £1,176 was due to the fund (2022 : £967). These are included in Creditors: amounts falling due within one year.
       
7. Details of creditors
 
The company has given security over debts totalling £177,515 (2022 : £193,024). The security is in the form of a floating charge over the property or undertaking of the company.
The company has also given security over all of the lands and premises, and liquor licence in the form of a fixed charge.