3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03789715 2024-04-01 2025-03-31 03789715 2025-03-31 03789715 2024-03-31 03789715 2023-04-01 2024-03-31 03789715 2024-03-31 03789715 2023-03-31 03789715 core:PlantMachinery 2024-04-01 2025-03-31 03789715 bus:Director2 2024-04-01 2025-03-31 03789715 core:WithinOneYear 2025-03-31 03789715 core:WithinOneYear 2024-03-31 03789715 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03789715 core:PlantMachinery 2024-03-31 03789715 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 03789715 core:PlantMachinery 2025-03-31 03789715 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03789715 core:AfterOneYear 2025-03-31 03789715 core:AfterOneYear 2024-03-31 03789715 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03789715 core:ShareCapital 2025-03-31 03789715 core:ShareCapital 2024-03-31 03789715 core:RevaluationReserve 2025-03-31 03789715 core:RevaluationReserve 2024-03-31 03789715 core:RetainedEarningsAccumulatedLosses 2025-03-31 03789715 core:RetainedEarningsAccumulatedLosses 2024-03-31 03789715 core:PlantMachinery 2024-03-31 03789715 bus:SmallEntities 2024-04-01 2025-03-31 03789715 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03789715 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03789715 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03789715 bus:FullAccounts 2024-04-01 2025-03-31 03789715 core:ComputerEquipment 2024-04-01 2025-03-31 03789715 core:ComputerEquipment 2024-03-31 03789715 core:ComputerEquipment 2025-03-31 03789715 core:AfterOneYear 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 03789715
Bird & Sons Ltd
Unaudited financial statements
31 March 2025
Bird & Sons Ltd
Statement of financial position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
3,694,836
7,341,271
Current assets
Stocks
405,653
254,998
Debtors
6
931,234
697,760
Cash at bank and in hand
5,654
88,973
-----------
-----------
1,342,541
1,041,731
Creditors: Amounts falling due within one year
7
( 1,063,445)
( 166,635)
-----------
-----------
Net current assets
279,096
875,096
-----------
-----------
Total assets less current liabilities
3,973,932
8,216,367
Creditors: Amounts falling due after more than one year
8
( 1,345,468)
( 3,217,884)
Provisions
Taxation including deferred tax
( 338,751)
( 740,451)
-----------
-----------
Net assets
2,289,713
4,258,032
-----------
-----------
Capital and reserves
Called up share capital
600
600
Revaluation reserve
1,444,547
3,060,633
Profit and loss account
844,566
1,196,799
-----------
-----------
Shareholders funds
2,289,713
4,258,032
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bird & Sons Ltd
Statement of financial position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
C A Bird
Director
Company registration number: 03789715
Bird & Sons Ltd
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chilton Priory, Waldingfield Road, Sudbury, Suffolk, CO10 0PP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of employees during the year was 3 (2024: 3 ).
5. Tangible assets
Freehold property
Plant and machinery
Equipment
Total
£
£
£
£
Cost or valuation
At 1 April 2024
7,291,467
129,400
740
7,421,607
Additions
207,485
207,485
Disposals
( 4,050,000)
( 29,000)
( 4,079,000)
Revaluations
217,515
217,515
-----------
---------
----
-----------
At 31 March 2025
3,666,467
100,400
740
3,767,607
-----------
---------
----
-----------
Depreciation
At 1 April 2024
79,596
740
80,336
Charge for the year
9,456
9,456
Disposals
( 17,021)
( 17,021)
-----------
---------
----
-----------
At 31 March 2025
72,031
740
72,771
-----------
---------
----
-----------
Carrying amount
At 31 March 2025
3,666,467
28,369
3,694,836
-----------
---------
----
-----------
At 31 March 2024
7,291,467
49,804
7,341,271
-----------
---------
----
-----------
The company's investment property is measured at fair value, based on an open market basis by the director.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property
£
At 31 March 2025
Aggregate cost
1,883,167
Aggregate depreciation
-----------
Carrying value
1,883,167
-----------
At 31 March 2024
Aggregate cost
3,314,851
Aggregate depreciation
-----------
Carrying value
3,314,851
-----------
6. Debtors
2025
2024
£
£
Other debtors
931,234
697,760
---------
---------
7. Creditors: Amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
12,039
129,358
Trade creditors
1,898
4,686
Accruals and deferred income
186,621
3,675
Obligations under finance leases and hire purchase contracts
1,819
7,274
Other creditors
861,068
21,642
-----------
---------
1,063,445
166,635
-----------
---------
Obligations under hire purchase agreements are secured on the assets concerned.
8. Creditors: Amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,192,657
3,084,810
Other creditors
152,811
133,074
-----------
-----------
1,345,468
3,217,884
-----------
-----------
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £16,471) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The loans are secured against the assets to which they relate to and are personally guaranteed by a director of the company. £1,114,438 is due to be paid by February 2027 and is subject to an interest rate of 15.60%. £78,219 is due to be paid by October 2029 and is subject to an interest rate of 10.08%.