Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09438273 D Bird K Bird iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09438273 2023-02-28 09438273 2024-02-29 09438273 2023-03-01 2024-02-29 09438273 frs-core:CurrentFinancialInstruments 2024-02-29 09438273 frs-core:MotorVehicles 2024-02-29 09438273 frs-core:MotorVehicles 2023-03-01 2024-02-29 09438273 frs-core:MotorVehicles 2023-02-28 09438273 frs-core:PlantMachinery 2024-02-29 09438273 frs-core:PlantMachinery 2023-03-01 2024-02-29 09438273 frs-core:PlantMachinery 2023-02-28 09438273 frs-core:ShareCapital 2024-02-29 09438273 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09438273 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09438273 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09438273 frs-bus:SmallEntities 2023-03-01 2024-02-29 09438273 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09438273 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09438273 frs-bus:Director1 2023-03-01 2024-02-29 09438273 frs-bus:Director2 2023-03-01 2024-02-29 09438273 frs-countries:EnglandWales 2023-03-01 2024-02-29 09438273 2022-02-28 09438273 2023-02-28 09438273 2022-03-01 2023-02-28 09438273 frs-core:CurrentFinancialInstruments 2023-02-28 09438273 frs-core:ShareCapital 2023-02-28 09438273 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09438273
ANDY BIRD PLUMBING LTD
Unaudited Financial Statements
For The Year Ended 29 February 2024
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09438273
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230 3,896
230 3,896
CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 13,685 13,182
Cash at bank and in hand 13,812 29,599
31,497 46,781
Creditors: Amounts Falling Due Within One Year 7 (30,568 ) (49,262 )
NET CURRENT ASSETS (LIABILITIES) 929 (2,481 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,159 1,415
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,040 ) (1,268 )
NET ASSETS 119 147
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 19 47
SHAREHOLDERS' FUNDS 119 147
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For the year ending 29 February 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
K Bird
Director
5 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ANDY BIRD PLUMBING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09438273 . The registered office is 23 Ash Place, Stamford, Lincolnshire, PE9 2JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has been invoiced for delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 1,424 27,663 29,087
As at 29 February 2024 1,424 27,663 29,087
Depreciation
As at 1 March 2023 911 24,280 25,191
Provided during the period 283 3,383 3,666
As at 29 February 2024 1,194 27,663 28,857
Net Book Value
As at 29 February 2024 230 - 230
As at 1 March 2023 513 3,383 3,896
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5. Stocks
2024 2023
£ £
Materials 4,000 4,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,068 11,198
Prepayments and accrued income 4,617 1,984
13,685 13,182
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,760 8,905
Corporation tax 5,720 6,320
Other taxes and social security 273 343
VAT 8,084 10,277
Net wages 1,442 1,400
Other creditors 266 421
Accruals and deferred income 1,000 2,120
Directors' loan accounts 12,023 19,476
30,568 49,262
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,040 1,268
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £266 (2023: £421) were due to the fund. They are included in Other Creditors.
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