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REGISTERED NUMBER: 10129646 (England and Wales)















FREEBIRD INTERIORS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREEBIRD INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs A C Johnson
A M Johnson





REGISTERED OFFICE: 5 Tenters Green
Worsbrough
Barnsley
S70 5JY





REGISTERED NUMBER: 10129646 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,990 5,703
Tangible assets 5 16,940 21,674
21,930 27,377

CURRENT ASSETS
Stocks 5,900 6,362
Debtors 6 5,235 4,203
Cash at bank and in hand 16,645 14,751
27,780 25,316
CREDITORS
Amounts falling due within one year 7 37,323 31,196
NET CURRENT LIABILITIES (9,543 ) (5,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,387

21,497

CREDITORS
Amounts falling due after more than one
year

8

9,642

18,542
NET ASSETS 2,745 2,955

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 2,743 2,953
SHAREHOLDERS' FUNDS 2,745 2,955

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

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

FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

BALANCE SHEET - continued
30 APRIL 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 25 October 2024 and were signed on its behalf by:




Mrs A C Johnson - Director



A M Johnson - Director


FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

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


1. STATUTORY INFORMATION

Freebird Interiors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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


FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 7,129
AMORTISATION
At 1 May 2023 1,426
Charge for year 713
At 30 April 2024 2,139
NET BOOK VALUE
At 30 April 2024 4,990
At 30 April 2023 5,703

FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 31,582 9,500 7,995 10,972 60,049
Additions 4,917 - - - 4,917
At 30 April 2024 36,499 9,500 7,995 10,972 64,966
DEPRECIATION
At 1 May 2023 17,543 9,500 6,572 4,760 38,375
Charge for year 7,300 - 356 1,995 9,651
At 30 April 2024 24,843 9,500 6,928 6,755 48,026
NET BOOK VALUE
At 30 April 2024 11,656 - 1,067 4,217 16,940
At 30 April 2023 14,039 - 1,423 6,212 21,674

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,861 2,829
Other debtors 1,374 1,374
5,235 4,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,351 9,130
Trade creditors 5,436 6,073
Tax 6,418 823
VAT 6,163 5,813
Other creditors 177 150
Directors' current accounts 8,907 8,336
Accrued expenses 871 871
37,323 31,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 9,642 18,542

FREEBIRD INTERIORS LTD (REGISTERED NUMBER: 10129646)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary 1 2 2