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REGISTERED NUMBER: 04929485 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED

BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2024

28.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 14,499 2,554
Cash at bank 1,946 823
16,445 3,377
CREDITORS
Amounts falling due within one year 5 (26,811 ) (5,449 )
NET CURRENT LIABILITIES (10,366 ) (2,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,366

)

(2,072

)

CREDITORS
Amounts falling due after more than one
year

6

(21,431

)

(25,764

)
NET LIABILITIES (31,797 ) (27,836 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (31,798 ) (27,837 )
(31,797 ) (27,836 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





R A Birchall - Director


BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Birchwood Homes Construction & Development Limited 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: 04929485

Registered office: 445 Newcastle Road
Trent Vale
Stoke-On-Trent
Staffordshire
ST4 6PE

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 are prepared in sterling, which is the functional currency of the entity.

Going concern
At 28 February 2024 the company had net liabilities of £31,797. However, at the balance sheet date the company owed £42,787 for the bounce back loan and bank loan of which £21,431 is repayable after more than one year and is therefore shown within long term creditors.The director, Mr Birchall has given the company assurances that he will continue to support future trading. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Estimated useful lives and residual values of fixed assets
Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 12,000 -
Directors' loan accounts 2,499 2,554
14,499 2,554

BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 21,356 2,686
Trade creditors 2,274 60
Social security and other taxes 1,151 1,187
Other creditors 182 141
Accruals and deferred income 1,848 1,375
26,811 5,449

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans - 1-2 years 5,827 4,486
Bank loans - 2-5 years 12,079 10,068
Bank loans payable more than
5 years by instalments 3,525 11,210
21,431 25,764

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable more than
5 years by instalments 3,525 11,210
3,525 11,210

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

28.2.24 28.2.23
£    £   
R A Birchall
Balance outstanding at start of year 2,554 266
Amounts advanced 112,244 108,893
Amounts repaid (112,299 ) (106,605 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,499 2,554

By virtue of the overdrawn loan accounts, a liability to taxation exists under section 455 of CTA 2010 in the sum of £843 which will be repaid or discharged when the loans are repaid. The loans were repaid within 9 months of the year end and as such, no taxation has been provided for.

8. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.

BIRCHWOOD HOMES CONSTRUCTION &
DEVELOPMENT LIMITED (REGISTERED NUMBER: 04929485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


9. GOING CONCERN

At 28 February 2024 the company had net liabilities of £31,797. However, at the balance sheet date the company owed £42,787 for the bounce back loan and bank loan of which £21,431 is repayable after more than one year and is therefore shown within long term creditors.The director, Mr Birchall has given the company assurances that he will continue to support future trading. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis.