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REGISTERED NUMBER: SC407827 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLUEBIRD CREATIVE LIMITED

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUEBIRD CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R E McDonald
E Jones
K Jones





REGISTERED OFFICE: Optics House
Seath Road, Rutherglen
Glasgow
G73 1RW





REGISTERED NUMBER: SC407827 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,905 44,676

CURRENT ASSETS
Stocks 105,038 69,365
Debtors 5 265,254 192,563
Cash at bank and in hand 12,098 26,425
382,390 288,353
CREDITORS
Amounts falling due within one year 6 246,685 174,682
NET CURRENT ASSETS 135,705 113,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,610

158,347

CREDITORS
Amounts falling due after more than one
year

7

(47,542

)

(27,606

)

PROVISIONS FOR LIABILITIES (27,160 ) (6,241 )
NET ASSETS 182,908 124,500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 182,808 124,400
SHAREHOLDERS' FUNDS 182,908 124,500

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.

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

BALANCE SHEET - 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 2 August 2024 and were signed on its behalf by:




R E McDonald - Director



E Jones - Director


BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bluebird Creative Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 10% on cost
Plant & machinery - 15% on cost
Fixtures & fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

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.

Basic financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Government grants
Government grants are released to the profit and loss account at the same rate plant & machinery is depreciated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Property Plant & Fixtures
improvements machinery & fittings
£    £    £   
COST
At 1 April 2023 8,160 129,646 1,568
Additions - 94,600 -
At 31 March 2024 8,160 224,246 1,568
DEPRECIATION
At 1 April 2023 2,793 95,953 1,451
Charge for year 816 14,240 117
At 31 March 2024 3,609 110,193 1,568
NET BOOK VALUE
At 31 March 2024 4,551 114,053 -
At 31 March 2023 5,367 33,693 117

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 7,295 19,682 166,351
Additions - - 94,600
At 31 March 2024 7,295 19,682 260,951
DEPRECIATION
At 1 April 2023 3,234 18,244 121,675
Charge for year 1,823 375 17,371
At 31 March 2024 5,057 18,619 139,046
NET BOOK VALUE
At 31 March 2024 2,238 1,063 121,905
At 31 March 2023 4,061 1,438 44,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 260,837 186,898
Other debtors 4,417 5,665
265,254 192,563

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 15,456 11,217
Trade creditors 38,278 39,423
Taxation and social security 65,948 55,888
Other creditors 127,003 68,154
246,685 174,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 11,666 5,939
Other creditors 35,876 21,667
47,542 27,606

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 15,456 11,217
Between one and five years 11,666 5,939
27,122 17,156

The company has operating lease commitments outstanding at the year end of £39,486 (2022 £31,022).

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Factor account 12,505 21,698

Aldermore bank hold a floating charge over the undertaking and all property and assets present and future of the company.

BLUEBIRD CREATIVE LIMITED (REGISTERED NUMBER: SC407827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
R E McDonald
Balance outstanding at start of year 4,500 2,245
Amounts advanced 7,750 4,500
Amounts repaid (4,500 ) (2,245 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,750 4,500

E Jones and K Jones
Balance outstanding at start of year 4,023 (1,815 )
Amounts advanced 8,551 9,800
Amounts repaid (7,800 ) (3,962 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,774 4,023

Advances to directors are interest free and are repayable upon demand.