REGISTERED NUMBER: 03265841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Birch Bedrooms Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M J Birch

Mrs C E Birch

SECRETARY:

M J Birch

REGISTERED OFFICE:

Telford Way

Stephenson Industrial Estate

Coalville

Leicestershire

LE67 3HE

REGISTERED NUMBER:

03265841 (England and Wales)

ACCOUNTANTS:

Sharpe & Co. Accountants Limited

5 Far Lane

Normanton on Soar

Loughborough

Leicestershire

LE12 5HA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Birch Bedrooms Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Birch Bedrooms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Birch Bedrooms Limited and state those matters that we have agreed to state to the Board of Directors of Birch Bedrooms Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Birch Bedrooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Birch Bedrooms Limited. You consider that Birch Bedrooms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Birch Bedrooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharpe & Co. Accountants Limited

5 Far Lane

Normanton on Soar

Loughborough

Leicestershire

LE12 5HA

18 December 2024

FIXED ASSETS

Tangible assets

4

140,144

142,406

CURRENT ASSETS

Stocks

102,274

168,969

Debtors

5

223,583

300,390

Cash at bank and in hand

123,026

94,939

448,883

564,298

CREDITORS

Amounts falling due within one year

6

425,831

454,351

NET CURRENT ASSETS

23,052

109,947

TOTAL ASSETS LESS CURRENT LIABILITIES

163,196

252,353

CREDITORS

Amounts falling due after more than one year

7

(128,132

)

(166,897

)

PROVISIONS FOR LIABILITIES

(26,236

)

(26,236

)

NET ASSETS

8,828

59,220

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

8,728

59,120

SHAREHOLDERS' FUNDS

8,828

59,220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:

M J Birch - Director

1.	STATUTORY INFORMATION

Birch Bedrooms 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.

Related party exemption

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.

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

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The accounts have been prepared on a going concern basis. The company has incurred a loss for the year after taxation however the directors believe that sufficient funds are available for the company to continue to trade for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2023

20,494

282,011

302,505

Additions

-

45,075

45,075

Disposals

-

(24,036

)

(24,036

)

At 31 October 2024

20,494

303,050

323,544

DEPRECIATION

At 1 November 2023

4,519

155,580

160,099

Charge for year

2,050

42,079

44,129

Eliminated on disposal

-

(20,828

)

(20,828

)

At 31 October 2024

6,569

176,831

183,400

NET BOOK VALUE

At 31 October 2024

13,925

126,219

140,144

At 31 October 2023

15,975

126,431

142,406

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2023

149,250

Additions

45,075

At 31 October 2024

194,325

DEPRECIATION

At 1 November 2023

55,910

Charge for year

34,605

At 31 October 2024

90,515

NET BOOK VALUE

At 31 October 2024

103,810

At 31 October 2023

93,340

5.

DEBTORS

31.10.24

31.10.23

£

£

Amounts falling due within one year:

Trade debtors

54,608

55,928

Amounts owed by group undertakings

82,750

193,509

Other debtors

74,581

50,953

211,939

300,390

Amounts falling due after more than one year:

Other debtors

11,644

-

Aggregate amounts

223,583

300,390

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

24,545

21,790

Hire purchase contracts

27,117

15,848

Trade creditors

62,766

67,010

Taxation and social security

61,518

40,039

Other creditors

249,885

309,664

425,831

454,351

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

14,336

41,619

Hire purchase contracts

97,645

88,138

Other creditors

16,151

37,140

128,132

166,897

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Bank loans

38,881

63,409

Hire purchase contracts

124,762

103,986

163,643

167,395

Assets held under hire purchase agreements are secured against the financed asset.

In addition, MJ Birch has provided a personal guarantee on one hire purchase financed asset. The amount outstanding at 31 October 2024 was £36,623.

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

£

100

Ordinary shares

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

M J Birch and Mrs C E Birch

Balance outstanding at start of year

34,501

(8,146

)

Amounts advanced

118,676

172,239

Amounts repaid

(87,320

)

(129,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,857

34,501

The joint directors' loan account is interest bearing when overdrawn at 2.5% and repayable on demand.

11.	RELATED PARTY DISCLOSURES

The company rents premises from the Directors. Rent was paid during the year of £30,000 (2023: £30,000) which is below market value.

Mr MJ Birch, a Director, has provided a personal guarantee to support a loan from Funding Circle. At 31 October 2024 the loan amounted to £37,140 (2023: £58,170).

MJ Birch has provided a personal guarantee on one hire purchase financed asset. The amount outstanding at 31 October 2024 was £36,623.