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REGISTERED NUMBER: 06913008















M BIRD LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






M BIRD LIMITED (REGISTERED NUMBER: 06913008)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


M BIRD LIMITED (REGISTERED NUMBER: 06913008)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,519 8,926
Tangible assets 5 435,137 525,494
441,656 534,420

CURRENT ASSETS
Stocks 40,211 31,660
Debtors 6 842,089 706,238
Cash at bank and in hand 2,736,347 2,609,228
3,618,647 3,347,126
CREDITORS
Amounts falling due within one year 7 501,652 401,855
NET CURRENT ASSETS 3,116,995 2,945,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,558,651

3,479,691

PROVISIONS FOR LIABILITIES 28,217 38,396
NET ASSETS 3,530,434 3,441,295

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,530,433 3,441,294
SHAREHOLDERS' FUNDS 3,530,434 3,441,295

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

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

M BIRD LIMITED (REGISTERED NUMBER: 06913008)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





M Bird - Director


M BIRD LIMITED (REGISTERED NUMBER: 06913008)

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

1. STATUTORY INFORMATION

M Bird Limited is a private company, limited by shares, registered in England. The registered office is 25a London Road, Carlisle, CA1 2JZ.

The financial statements are presented in Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The director considers there are no such significant judgements.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Turnover
Turnover represents revenue, excluding value added tax, from the sale of food and beverages and is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is fully amortised over its estimated useful life of ten years.

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separate net assets.

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.

Franchise fees are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33.3% on cost, 25% on reducing balance, 10% on cost and 10% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

M BIRD LIMITED (REGISTERED NUMBER: 06913008)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and estimated selling price less cost to sell.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers it to be more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the average tax rates which would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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 151 (2023 - 150 ) .

M BIRD LIMITED (REGISTERED NUMBER: 06913008)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 317,990 34,079 352,069
AMORTISATION
At 1 June 2023 317,990 25,153 343,143
Charge for year - 2,407 2,407
At 31 May 2024 317,990 27,560 345,550
NET BOOK VALUE
At 31 May 2024 - 6,519 6,519
At 31 May 2023 - 8,926 8,926

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 1,891,046
Additions 51,263
At 31 May 2024 1,942,309
DEPRECIATION
At 1 June 2023 1,365,552
Charge for year 141,620
At 31 May 2024 1,507,172
NET BOOK VALUE
At 31 May 2024 435,137
At 31 May 2023 525,494


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 563,277 586,277
Other debtors 278,812 119,961
842,089 706,238

M BIRD LIMITED (REGISTERED NUMBER: 06913008)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 105,370 88,541
Taxation and social security 377,106 303,739
Other creditors 19,176 9,575
501,652 401,855

8. OPERATING LEASE COMMITMENTS

At the year end, the company had total commitments of £524,333 (2023: £646,542).

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £563,277 (2023: £586,277) from companies controlled by the director. The balance is interest free with no fixed repayment terms.

10. POST BALANCE SHEET EVENTS

In July 2024, M Bird Limited completed the sale of four of the company's seven stores and their associated fixed assets. Of the lease commitments disclosed in Note 8, a total of £378,208 relates to the stores that were sold post year end.