Bircherley Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05272581 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Bircherley Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Sawyer

REGISTERED OFFICE:

Unit 13

Mead Lane Business Centre

Hertford

Hertfordshire

SG13 7BJ

REGISTERED NUMBER:

05272581 (England and Wales)

ACCOUNTANTS:

Abbey Tax and Accountancy Limited

17 Caldbeck

Waltham Abbey

Essex

EN9 1UR

FIXED ASSETS

Tangible assets

4

1,226,090

724,060

CURRENT ASSETS

Debtors

5

25,581

72,640

Cash at bank

555,363

515,719

580,944

588,359

CREDITORS

Amounts falling due within one year

6

1,391,260

1,072,436

NET CURRENT LIABILITIES

(810,316

)

(484,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

415,774

239,983

CREDITORS

Amounts falling due after more than one year

7

360,000

445,327

NET ASSETS/(LIABILITIES)

55,774

(205,344

)

CAPITAL AND RESERVES

Called up share capital

6

6

Capital redemption reserve

(1,750,000

)

(1,452,000

)

Retained earnings

1,805,768

1,246,650

SHAREHOLDERS' FUNDS

55,774

(205,344

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

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 11 January 2023 and were signed by:

D J Sawyer - Director

1.	STATUTORY INFORMATION

Bircherley Ltd 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.

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.

Taxation

Taxation for the year 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 November 2021

723,723

2,200

725,923

Additions

502,114

-

502,114

At 31 October 2022

1,225,837

2,200

1,228,037

DEPRECIATION

At 1 November 2021

-

1,863

1,863

Charge for year

-

84

84

At 31 October 2022

-

1,947

1,947

NET BOOK VALUE

At 31 October 2022

1,225,837

253

1,226,090

At 31 October 2021

723,723

337

724,060

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

16,206

4,154

Other debtors

9,375

68,486

25,581

72,640

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade creditors

510,240

85,606

Taxation and social security

130,306

37,046

Other creditors

750,714

949,784

1,391,260

1,072,436

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.22

31.10.21

£

£

Other creditors

360,000

445,327