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REGISTERED NUMBER: 06221903 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Andrew Bird Hearing Ltd

Andrew Bird Hearing Ltd (Registered number: 06221903)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Andrew Bird Hearing Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A J Bird
Mrs A M Bird



REGISTERED OFFICE: Hesters Way Community Resource Centre
Cassin Drive
Cheltenham
Gloucestershire
GL51 7SU



REGISTERED NUMBER: 06221903 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander UK Plc
2 Triton Square
Regents Place
London
NW1 3AN

Andrew Bird Hearing Ltd (Registered number: 06221903)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,208
Tangible assets 5 30,911 40,709
30,911 45,917

CURRENT ASSETS
Stocks 20,154 12,000
Debtors 6 53,552 36,004
Prepayments and accrued income 5,036 3,333
Cash at bank 328,222 284,894
406,964 336,231
CREDITORS
Amounts falling due within one year 7 329,200 275,306
NET CURRENT ASSETS 77,764 60,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,675

106,842

PROVISIONS FOR LIABILITIES 4,906 6,389
NET ASSETS 103,769 100,453

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 103,768 100,452
SHAREHOLDERS' FUNDS 103,769 100,453

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

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

Andrew Bird Hearing Ltd (Registered number: 06221903)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mr A J Bird - Director


Andrew Bird Hearing Ltd (Registered number: 06221903)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Andrew Bird Hearing 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.

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.

The database purchased in the year ended 31 March 2022 is being amortised over it's useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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 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.

Andrew Bird Hearing Ltd (Registered number: 06221903)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 April 2023
and 31 March 2024 32,724
Amortisation
At 1 April 2023 27,516
Charge for year 5,208
At 31 March 2024 32,724
Net book value
At 31 March 2024 -
At 31 March 2023 5,208

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 15,584 42,693 21,035 28,152 107,464
Additions - 670 - 793 1,463
At 31 March 2024 15,584 43,363 21,035 28,945 108,927
Depreciation
At 1 April 2023 6,974 21,074 18,929 19,778 66,755
Charge for year 2,870 5,572 527 2,292 11,261
At 31 March 2024 9,844 26,646 19,456 22,070 78,016
Net book value
At 31 March 2024 5,740 16,717 1,579 6,875 30,911
At 31 March 2023 8,610 21,619 2,106 8,374 40,709

Andrew Bird Hearing Ltd (Registered number: 06221903)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 43,579 25,710
Other debtors 9,973 10,294
53,552 36,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 27,977 48,888
Amounts owed to group undertakings 179,880 160,000
Taxation and social security 86,640 36,550
Other creditors 34,703 29,868
329,200 275,306

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 23,584 32,480
Between one and five years 5,110 23,151
28,694 55,631

9. RELATED PARTY DISCLOSURES

A J Bird
Director

At 31 March 2024, the company owed the director A J Bird £7,094 (2023 - £5,493). The balance owed, included within other creditors, is repayable to the director on demand.


A & A Bird Holdings Ltd
The company's parent company

At the year end Andrew Bird Hearing Ltd owed £179,880 (2023 - £160,000) to the above parent company. The balance is interest free and has no set repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is A & A Bird Holdings Ltd, a company registered in England and Wales. The company is controlled by Mr A J Bird & Mrs A Bird, directors of Andrew Bird Hearing Ltd.