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REGISTERED NUMBER: SC467799 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024

FOR

SILVER BIRCH INTERIORS (UK) LTD.

SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SILVER BIRCH INTERIORS (UK) LTD.

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024







DIRECTOR: Alan MacGregor





REGISTERED OFFICE: 4d Auchingramont Road
Hamilton
ML3 6JT





BUSINESS ADDRESS: 27 Bothwell Road
Hamilton
ML3 0AS





REGISTERED NUMBER: SC467799 (Scotland)





ACCOUNTANTS: William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT

SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,688 47,213

CURRENT ASSETS
Stocks 154,470 136,580
Debtors 5 164,077 109,627
Cash at bank and in hand 258,296 315,926
576,843 562,133
CREDITORS
Amounts falling due within one year 6 545,684 459,267
NET CURRENT ASSETS 31,159 102,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,847

150,079

CREDITORS
Amounts falling due after more than one
year

7

(56,046

)

(116,372

)

PROVISIONS FOR LIABILITIES (18,171 ) (8,970 )
NET ASSETS 29,630 24,737

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings (370 ) (5,263 )
SHAREHOLDERS' FUNDS 29,630 24,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Alan MacGregor - Director


SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

Silver Birch Interiors (UK) Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Rendering of services
Turnover from the rendering of services, namely the provision of kitchen fitting services, is recognised by reference to the stage of completion of the service at the statement of financial position date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in the income statement.

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

SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 income statement over the relevant period. The capital element of the future payments is treated as a liability.

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 the income statement in the period to which they relate.

SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Provision for liabilities
The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 9,400 6,776 135,255 34,338 185,769
Additions - 42,067 29,500 1,472 73,039
Disposals - - (16,753 ) - (16,753 )
At 31 July 2024 9,400 48,843 148,002 35,810 242,055
DEPRECIATION
At 1 May 2023 3,400 2,710 101,638 30,808 138,556
Charge for period 2,350 12,211 29,861 3,141 47,563
Eliminated on disposal - - (16,752 ) - (16,752 )
At 31 July 2024 5,750 14,921 114,747 33,949 169,367
NET BOOK VALUE
At 31 July 2024 3,650 33,922 33,255 1,861 72,688
At 30 April 2023 6,000 4,066 33,617 3,530 47,213

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 31 July 2024 45,505
DEPRECIATION
At 1 May 2023 34,128
Charge for period 11,376
At 31 July 2024 45,504
NET BOOK VALUE
At 31 July 2024 1
At 30 April 2023 11,377

SILVER BIRCH INTERIORS (UK) LTD. (REGISTERED NUMBER: SC467799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 30.4.23
£    £   
Trade debtors 52,644 12,563
Other debtors 105,471 92,100
Prepaid charges 5,962 4,964
164,077 109,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 30.4.23
£    £   
Bank loans and overdrafts 40,100 40,100
Hire purchase contracts 8,263 8,043
Trade creditors 44,041 41,255
Corporation tax 40,957 32,883
PAYE and NIC 4,740 7,817
VAT 69,512 60,393
Other creditors 291,302 265,151
Director's loan 275 2,625
Accrued charges 46,494 1,000
545,684 459,267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 30.4.23
£    £   
Bank loans 49,304 99,433
Hire purchase contracts 6,742 16,939
56,046 116,372

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 30.4.23
£    £   
Hire purchase contracts 15,005 24,982

Hire purchase creditors are secured against the assets to which they relate.

9. RELATED PARTY DISCLOSURES

During the year the company received an interest free loan from the director amounting to £275 (2023: £2,625).