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REGISTERED NUMBER: 06320526 (England and Wales)












M J BIRD & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J BIRD & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Directors: Mr D J P Bird
Mr M J Bird





Registered office: The Old Mill
Mill Lane
Bolton Le Sands
Carnforth
Lancashire
LA5 8ET





Registered number: 06320526 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 146,450 196,950
Tangible assets 5 70,483 90,231
216,933 287,181

Current assets
Stocks 307,477 350,791
Debtors 6 36,621 34,082
Prepayments and accrued income 10,922 10,290
Cash at bank and in hand 303,156 295,686
658,176 690,849
Creditors
Amounts falling due within one year 7 523,640 617,276
Net current assets 134,536 73,573
Total assets less current liabilities 351,469 360,754

Creditors
Amounts falling due after more than one
year

8

(12,667

)

(20,540

)

Provisions for liabilities (17,621 ) (22,558 )

Accruals and deferred income (3,400 ) (3,250 )
Net assets 317,781 314,406

Capital and reserves
Called up share capital 106 106
Share premium 8,178 8,178
Retained earnings 309,497 306,122
317,781 314,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr M J Bird - Director


M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

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


1. Statutory information

M J Bird & Son 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 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 and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% Straight line
Plant and machinery etc - 25% Reducing balance, 20% on cost and 15% Reducing balance

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

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, 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 Statement of Income and Retained Earnings, 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.


M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

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.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 11 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 1,010,000
Amortisation
At 1 September 2023 813,050
Charge for year 50,500
At 31 August 2024 863,550
Net book value
At 31 August 2024 146,450
At 31 August 2023 196,950

M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

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


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 September 2023 21,112 223,768 244,880
Additions - 2,340 2,340
At 31 August 2024 21,112 226,108 247,220
Depreciation
At 1 September 2023 17,224 137,425 154,649
Charge for year 1,008 21,080 22,088
At 31 August 2024 18,232 158,505 176,737
Net book value
At 31 August 2024 2,880 67,603 70,483
At 31 August 2023 3,888 86,343 90,231

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 17,485 34,082
Other debtors 19,136 -
36,621 34,082

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts (see note 10) 8,000 8,005
Trade creditors 23,084 34,830
Taxation and social security 56,999 72,768
Other creditors 435,557 501,673
523,640 617,276

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts (see note 10) 12,667 20,540

M J BIRD & SON LIMITED (REGISTERED NUMBER: 06320526)

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


9. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 4,967 -
Preference shares 300,000 300,000
304,967 300,000

10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,000 8,005
Between one and five years 12,667 20,540
20,667 28,545

Non-cancellable operating leases
2024 2023
£    £   
Within one year 25,000 25,000
Between one and five years 16,666 41,666
41,666 66,666

11. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr D J P Bird
Balance outstanding at start of year (1 ) (74,470 )
Amounts advanced 40,344 78,665
Amounts repaid (21,600 ) (4,196 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,743 (1 )