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REGISTERED NUMBER: 05820629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Songbird Naturals Limited

Songbird Naturals Limited (Registered number: 05820629)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Songbird Naturals Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A J Harrod



REGISTERED OFFICE: 20a High Street
Glastonbury
Somerset
BA6 9DU



REGISTERED NUMBER: 05820629 (England and Wales)



ACCOUNTANTS: Edward Howells Associates Limited
Chartered Certified Accountants
20a High Street
Glastonbury
Somerset
BA6 9DU



BANKERS: National Westminster Bank Plc
72 High Street
Street
Somerset
BA16 0EJ

Songbird Naturals Limited (Registered number: 05820629)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 700
Tangible assets 5 14,473 12,052
14,473 12,752

CURRENT ASSETS
Stocks 6 214,797 121,183
Debtors 7 47,770 33,644
Cash at bank 294,641 271,638
557,208 426,465
CREDITORS
Amounts falling due within one year 8 101,723 99,790
NET CURRENT ASSETS 455,485 326,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,958

339,427

PROVISIONS FOR LIABILITIES 3,618 2,290
NET ASSETS 466,340 337,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 466,240 337,037
SHAREHOLDERS' FUNDS 466,340 337,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Songbird Naturals Limited (Registered number: 05820629)

Balance Sheet - continued
31 March 2023


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 1 August 2023 and were signed by:





A J Harrod - Director


Songbird Naturals Limited (Registered number: 05820629)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Songbird Naturals 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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 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.

Songbird Naturals Limited (Registered number: 05820629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 53,500
AMORTISATION
At 1 April 2022 52,800
Charge for year 700
At 31 March 2023 53,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 700

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 28,198 11,622 39,820
Additions 5,576 - 5,576
Disposals (4,608 ) - (4,608 )
At 31 March 2023 29,166 11,622 40,788
DEPRECIATION
At 1 April 2022 19,593 8,175 27,768
Charge for year 1,977 862 2,839
Eliminated on disposal (4,292 ) - (4,292 )
At 31 March 2023 17,278 9,037 26,315
NET BOOK VALUE
At 31 March 2023 11,888 2,585 14,473
At 31 March 2022 8,605 3,447 12,052

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 214,797 121,183

Songbird Naturals Limited (Registered number: 05820629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 46,219 32,147
Directors' current accounts - 383
Prepayments 1,551 1,114
47,770 33,644

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 50,454 44,785
Social security and other taxes 3,166 2,246
VAT 31,852 37,574
Directors' current accounts 2 -
Accrued expenses 16,249 15,185
101,723 99,790

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A J Harrod
Balance outstanding at start of year 383 (4,561 )
Amounts advanced 99,553 4,944
Amounts repaid (99,938 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2 ) 383