Birchen Tree Enterprises Ltd - Period Ending 2023-07-31

Birchen Tree Enterprises Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Birchen Tree Enterprises Ltd

Company Information

Directors

Mr C A Clarke Mr M E Clarke Mr R J Clarke

Registered office

Homeleigh Croyle Kentisbeare Cullompton Devon EX15 2AN

Accountants

PKF Francis Clark Ground floor Blackbrook Gate 1 Blackbrook Business Park Taunton Somerset TA1 2PX

Birchen Tree Enterprises Ltd

Balance Sheet

31 July 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	-	16,429
Current assets
Debtors	5	9,320	60
Cash at bank and in hand		-	3,353
		9,320	3,413
Creditors: Amounts falling due within one year	6	(1,520)	(2,093)
Net current assets		7,800	1,320
Total assets less current liabilities		7,800	17,749
Provisions for liabilities		-	(4,108)
Net assets		7,800	13,641
Capital and reserves
Called up share capital		60	60
Profit and loss account		7,740	13,581
Shareholders' funds		7,800	13,641

Birchen Tree Enterprises Ltd

Balance Sheet

31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 May 2024 and signed on its behalf by:
 

......................................... Mr C A Clarke Director

......................................... Mr M E Clarke Director

......................................... Mr R J Clarke Director

Company Registration Number: 12731198

Birchen Tree Enterprises Ltd

Notes to the Unaudited Financial Statements

Period Ended 31 July 2023

1	General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Homeleigh
Croyle
Kentisbeare
Cullompton
Devon
EX15 2AN
England

The principal place of business is:
Homeleigh
Croyle
Kentisbeare
Cullompton
Devon
EX15 2AN
England

These financial statements were authorised for issue by the Board on 29 May 2024.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Birchen Tree Enterprises Ltd

Notes to the Unaudited Financial Statements

Period Ended 31 July 2023

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% Reducing balance

Birchen Tree Enterprises Ltd

Notes to the Unaudited Financial Statements

Period Ended 31 July 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

Birchen Tree Enterprises Ltd

Notes to the Unaudited Financial Statements

Period Ended 31 July 2023

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 August 2022	22,093	22,093
Disposals	(22,093)	(22,093)
At 31 July 2023	-	-
Depreciation
At 1 August 2022	5,664	5,664
Eliminated on disposal	(5,664)	(5,664)
At 31 July 2023	-	-
Carrying amount
At 31 July 2023	-	-
At 31 July 2022	16,429	16,429

5

Debtors

	2023 £	2022 £
Other debtors	9,320	60
	9,320	60

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Corporation tax	1,520	653
Accruals and deferred income	-	1,440
	1,520	2,093