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REGISTERED NUMBER: 04564766 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SWEETBIRD LIMITED

SWEETBIRD LIMITED (REGISTERED NUMBER: 04564766)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWEETBIRD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr Chetan C Patel
Mr Bharat C Patel
Mrs C C Patel
Mr C S Patel





SECRETARY: Mr Bharat C Patel





REGISTERED OFFICE: 740 Lordship Lane
Woodgreen
London
N22 5JP





REGISTERED NUMBER: 04564766 (England and Wales)






SWEETBIRD LIMITED (REGISTERED NUMBER: 04564766)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 10,577 14,104
10,578 14,105

CURRENT ASSETS
Stocks 52,675 54,866
Debtors 6 26,277 -
Cash at bank and in hand 108,330 129,665
187,282 184,531
CREDITORS
Amounts falling due within one year 7 58,249 82,489
NET CURRENT ASSETS 129,033 102,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,611

116,147

CREDITORS
Amounts falling due after more than one year 8 11,573 32,519
NET ASSETS 128,038 83,628

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 127,938 83,528
SHAREHOLDERS' FUNDS 128,038 83,628

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

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

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 3rd March 2025 and were signed on its behalf by:





Mr C S Patel - Director


SWEETBIRD LIMITED (REGISTERED NUMBER: 04564766)

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


1. STATUTORY INFORMATION

Sweetbird 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 represents net invoiced sales of goods and commission from sale of lottery and bus and rail tickets excluding value added tax .The comparative figures have been restated to show the net commission received from these activities, as previously these were shown as "gross". However net commission from lottery and travel cards are a better representation of the economic benefits of these transactions where they act as agents.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, being amortised evenly over its estimated useful life of twenty years. New goodwill acquisition are being amortised over five years, as the estimated useful life on news agents and tobacconists has reduced considerably due to intense competition from big super markets chains.

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 reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SWEETBIRD LIMITED (REGISTERED NUMBER: 04564766)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 215,000
AMORTISATION
At 1st May 2023
and 30th April 2024 214,999
NET BOOK VALUE
At 30th April 2024 1
At 30th April 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 95,662
DEPRECIATION
At 1st May 2023 81,558
Charge for year 3,527
At 30th April 2024 85,085
NET BOOK VALUE
At 30th April 2024 10,577
At 30th April 2023 14,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 26,277 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,686 10,431
Trade creditors 1,782 33,547
Taxation and social security 32,481 22,511
Other creditors 7,300 6,000
58,249 82,489

SWEETBIRD LIMITED (REGISTERED NUMBER: 04564766)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,573 21,529
Other creditors - 10,990
11,573 32,519

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. CAPITAL COMMITMENTS

The company has lease commitment of rent payable of £50,000 p.a until 2034.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous year.