Company registration number: 08190204
Unaudited financial statements
for the year ended 30 September 2024
for
Birch Renovations Limited
Pages for filing with the Registrar
Company registration number: 08190204
Birch Renovations Limited
Balance sheet
as at 30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 59,688 37,163
59,688 37,163
Current assets
Stocks 40,000 74,000
Debtors 79,300 26,302
Cash at bank and in hand 52,162 3,993
171,462 104,295
Creditors: amounts falling due within
one year
(116,310) (136,689)
Net current assets/(liabilities) 55,152 (32,394)
Total assets less current liabilities 114,840 4,769
Creditors: Amounts falling due after
more than one year
- (3,565)
NET ASSETS 114,840 1,204
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,740 1,104
TOTAL EQUITY 114,840 1,204
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08190204
Birch Renovations Limited
Balance sheet - continued
as at 30 September 2024
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 to the Registrar.
Signed by:
Mr M Birch, Director
30 October 2024
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Birch Renovations Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Birch Renovations Limited is a private company registered in England and Wales. Its registered number is 08190204. The company is limited by shares. Its registered office is 20-22 Wenlock Road, London, N1 7GU.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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
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.
Land and buildings:
Freehold property - 5% reducing balance
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% 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.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Birch Renovations Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 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.
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 lossover the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was 6 (2023 - 5).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 October 2023 9,805 47,307 57,112
Additions - 31,791 31,791
At 30 September 2024 9,805 79,098 88,903
Depreciation
At 1 October 2023 561 19,388 19,949
Charge for year 462 8,804 9,266
At 30 September 2024 1,023 28,192 29,215
Net book value
At 30 September 2024 8,782 50,906 59,688
At 30 September 2023 9,244 27,919 37,163
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Birch Renovations Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023.
2024 2023
£ £
Mr Miles Birch
Balance outstanding at start of year 4,854 -
Amounts advanced - 4,854
Amounts repaid (4,854) -
Balance outstanding at end of year - 4,854
6 Related party transactions
Director's fees were paid to Mr M Birch in the sum of £99,705 (2023: £111,412). At the reporting date, the company was indebted to the director in the sum of £864 (2023: (£4,854)). The loan from the director is interest free and repayable on demand.
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