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REGISTERED NUMBER: 12032026 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FRANK BIRD LIMITED

FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRANK BIRD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr M R Bird
Mr M A Rayner
Mrs C M Smith
Mr N J Tennant
Mr G S Bird





REGISTERED OFFICE: 40-44 Eldon Street
Barnsley
South Yorkshire
S70 2JL





REGISTERED NUMBER: 12032026 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,414 39,790

CURRENT ASSETS
Stocks 5 434,537 329,593
Debtors 6 15,000 10,996
Cash at bank and in hand 389,494 395,566
839,031 736,155
CREDITORS
Amounts falling due within one year 7 334,574 349,033
NET CURRENT ASSETS 504,457 387,122
TOTAL ASSETS LESS CURRENT LIABILITIES 535,871 426,912

CREDITORS
Amounts falling due after more than
one year

8

(10,419

)

(20,000

)

PROVISIONS FOR LIABILITIES (4,636 ) (6,228 )
NET ASSETS 520,816 400,684

CAPITAL AND RESERVES
Called up share capital 9 105 105
Retained earnings 520,711 400,579
SHAREHOLDERS' FUNDS 520,816 400,684

FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 17 October 2024 and were signed on its behalf by:





Mr M R Bird - Director


FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Frank Bird 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 clothing is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

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 - 33% on cost
Furniture & equipment - 25% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

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.

Revenue grants
Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Short Furniture Computer
leasehold & equipment equipment Totals
£    £    £    £   
COST
At 1 July 2023 13,459 28,707 26,244 68,410
Additions - 290 - 290
At 30 June 2024 13,459 28,997 26,244 68,700
DEPRECIATION
At 1 July 2023 12,710 8,824 7,086 28,620
Charge for year 749 5,044 2,873 8,666
At 30 June 2024 13,459 13,868 9,959 37,286
NET BOOK VALUE
At 30 June 2024 - 15,129 16,285 31,414
At 30 June 2023 749 19,883 19,158 39,790

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 434,537 329,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 1,215 108
Prepayments and accrued income 13,785 10,888
15,000 10,996

FRANK BIRD LIMITED (REGISTERED NUMBER: 12032026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans 10,000 10,000
Trade creditors 1,886 50,086
Corporation tax 66,421 36,436
Social security and other taxes 2,080 13,168
VAT 51,502 48,636
Other creditors 57,102 55,766
Directors' current accounts 75,915 79,915
Accruals and deferred income 69,668 55,026
334,574 349,033

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 419 10,000
10,419 20,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
5 A Ordinary £1 5 5
6 B Ordinary £1 6 6
37 C Ordinary £1 37 37
37 D Ordinary £1 37 37
10 E Ordinary £1 10 10
10 F Ordinary £1 10 10
105 105

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £209,000 (2023: £250,800).