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REGISTERED NUMBER: 07200844 (England and Wales)





























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FIREBIRD IP LIMITED

FIREBIRD IP LIMITED (REGISTERED NUMBER: 07200844)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIREBIRD IP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Baldwin





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 07200844 (England and Wales)





ACCOUNTANTS: Raffan and Golding
Chartered Accountants &
Chartered Tax Advisers
17 Short's Gardens
London
WC2H 9AT

FIREBIRD IP LIMITED (REGISTERED NUMBER: 07200844)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,919 2,757
1,919 2,757

CURRENT ASSETS
Debtors 6 101,583 103,645
Cash at bank 29,048 22,487
130,631 126,132
CREDITORS
Amounts falling due within one year 7 166,870 177,697
NET CURRENT LIABILITIES (36,239 ) (51,565 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,320 ) (48,808 )

PROVISIONS FOR LIABILITIES 8 (365 ) (524 )

ACCRUALS AND DEFERRED INCOME 14,023 27,091
NET LIABILITIES (20,662 ) (22,241 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (20,663 ) (22,242 )
SHAREHOLDERS' FUNDS (20,662 ) (22,241 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 February 2025 and were signed by:




M Baldwin - Director


FIREBIRD IP LIMITED (REGISTERED NUMBER: 07200844)

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

1. STATUTORY INFORMATION

Firebird IP 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FIREBIRD IP LIMITED (REGISTERED NUMBER: 07200844)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 8,500
AMORTISATION
At 1 April 2023
and 31 March 2024 8,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 8,207
DEPRECIATION
At 1 April 2023 5,450
Charge for year 838
At 31 March 2024 6,288
NET BOOK VALUE
At 31 March 2024 1,919
At 31 March 2023 2,757

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 101,583 103,645

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 115,716 106,085
Taxation and social security 4,620 5,310
Other creditors 46,534 66,302
166,870 177,697

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 365 524

FIREBIRD IP LIMITED (REGISTERED NUMBER: 07200844)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 April 2023 524
Credit to Income Statement during year (159 )
Balance at 31 March 2024 365

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Baldwin.