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Company Registration No. SC567526 (Scotland)
Rare Birds Ltd Unaudited accounts for the year ended 30 June 2024
Rare Birds Ltd Unaudited accounts Contents
Page
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Rare Birds Ltd Company Information for the year ended 30 June 2024
Director
Ms Rachel Elizabeth Wood
Company Number
SC567526 (Scotland)
Registered Office
13 Raeburn Place Stockbridge Edinburgh Midlothian EH4 1HU United Kingdom
Accountants
Susan Whitham 6 Park Place Edinburgh MIDLOTHIAN EH6 4LB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Rare Birds Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rare Birds Ltd for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Rare Birds Ltd, as a body, in accordance with the terms of our engagement letter dated 25 February 2019. Our work has been undertaken solely to prepare for your approval the accounts of Rare Birds Ltd and state those matters that we have agreed to state to the Board of Directors of Rare Birds Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rare Birds Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rare Birds Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rare Birds Ltd. You consider that Rare Birds Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rare Birds Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Susan Whitham Chartered Accountants 6 Park Place Edinburgh MIDLOTHIAN EH6 4LB 14 August 2024
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Rare Birds Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,420 
28,001 
Current assets
Inventories
20,500 
24,000 
Debtors
14,282 
16,000 
Cash at bank and in hand
1,307 
15,291 
36,089 
55,291 
Creditors: amounts falling due within one year
(61,502)
(171,559)
Net current liabilities
(25,413)
(116,268)
Total assets less current liabilities
(3,993)
(88,267)
Creditors: amounts falling due after more than one year
(28,146)
(63,012)
Net liabilities
(32,139)
(151,279)
Capital and reserves
Called up share capital
85,000 
100 
Profit and loss account
(117,139)
(151,379)
Shareholders' funds
(32,139)
(151,279)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
Ms Rachel Elizabeth Wood Director Company Registration No. SC567526
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Rare Birds Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Rare Birds Ltd is a private company, limited by shares, registered in Scotland, registration number SC567526. The registered office is 13 Raeburn Place, Stockbridge, Edinburgh, Midlothian, EH4 1HU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost and 15% on cost
Computer equipment
50% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover represents income receivable for the sale of books by subscription and income receivable for retail sale of books and stationery.
Inventories
Inventories have been valued at the lower of cost and estimated selling price.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts
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Rare Birds Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
42,404 
3,351 
45,755 
Additions
174 
- 
174 
At 30 June 2024
42,578 
3,351 
45,929 
Depreciation
At 1 July 2023
14,526 
3,228 
17,754 
Charge for the year
6,632 
123 
6,755 
At 30 June 2024
21,158 
3,351 
24,509 
Net book value
At 30 June 2024
21,420 
- 
21,420 
At 30 June 2023
27,878 
123 
28,001 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
14,282 
16,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,800 
40,523 
Trade creditors
21,605 
40,808 
Taxes and social security
9,255 
18,742 
Other creditors
158 
514 
Loans from directors
219 
53,072 
Accruals
1,000 
800 
Deferred income
18,465 
17,100 
61,502 
171,559 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,146 
63,012 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
85,000 Ordinary shares of £1 each
85,000 
100 
Shares issued during the period:
84,900 Ordinary shares of £1 each
84,900 
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Rare Birds Ltd Notes to the Accounts for the year ended 30 June 2024
9
Transactions with related parties
The amount due to the director at the balance sheet date of 30 June is disclosed in creditors falling due within one year. No interest was paid in respect of this loan, which is unsecured and repayable on demand.
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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