K & C Hird Limited 00973306 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is farming. Digita Accounts Production Advanced 6.30.9574.0 true true 00973306 2024-03-01 2025-02-28 00973306 2025-02-28 00973306 core:RetainedEarningsAccumulatedLosses 2025-02-28 00973306 core:ShareCapital 2025-02-28 00973306 core:CurrentFinancialInstruments 2025-02-28 00973306 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 00973306 core:FurnitureFittingsToolsEquipment 2025-02-28 00973306 core:LandBuildings 2025-02-28 00973306 core:MotorVehicles 2025-02-28 00973306 bus:SmallEntities 2024-03-01 2025-02-28 00973306 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 00973306 bus:FilletedAccounts 2024-03-01 2025-02-28 00973306 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 00973306 bus:RegisteredOffice 2024-03-01 2025-02-28 00973306 bus:Director1 2024-03-01 2025-02-28 00973306 bus:Director2 2024-03-01 2025-02-28 00973306 bus:Director3 2024-03-01 2025-02-28 00973306 bus:Director4 2024-03-01 2025-02-28 00973306 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 00973306 bus:Agent1 2024-03-01 2025-02-28 00973306 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 00973306 core:LandBuildings 2024-03-01 2025-02-28 00973306 core:MotorVehicles 2024-03-01 2025-02-28 00973306 core:PlantMachinery 2024-03-01 2025-02-28 00973306 countries:EnglandWales 2024-03-01 2025-02-28 00973306 2024-02-29 00973306 core:FurnitureFittingsToolsEquipment 2024-02-29 00973306 core:LandBuildings 2024-02-29 00973306 core:MotorVehicles 2024-02-29 00973306 2023-03-01 2024-02-29 00973306 2024-02-29 00973306 core:RetainedEarningsAccumulatedLosses 2024-02-29 00973306 core:ShareCapital 2024-02-29 00973306 core:CurrentFinancialInstruments 2024-02-29 00973306 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 00973306 core:FurnitureFittingsToolsEquipment 2024-02-29 00973306 core:LandBuildings 2024-02-29 00973306 core:MotorVehicles 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 00973306

K & C Hird Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

K & C Hird Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

K & C Hird Limited

Company Information

Directors

Mrs C Hird

Mr J Hird

Mr A Hird

Mr K Hird

Registered office

Bent Laithe Farm
Colne
Lancashire
BB8 7DZ

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
K & C Hird Limited
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K & C Hird Limited for the year ended 28 February 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of K & C Hird Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of K & C Hird Limited and state those matters that we have agreed to state to the Board of Directors of K & C Hird Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K & C Hird Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that K & C Hird Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of K & C Hird Limited. You consider that K & C Hird Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of K & C Hird Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

8 July 2025

 

K & C Hird Limited

(Registration number: 00973306)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

210,827

226,848

Current assets

 

Stocks

5

8,317

9,268

Debtors

6

2,548

3,014

Cash at bank and in hand

 

133,563

65,649

 

144,428

77,931

Creditors: Amounts falling due within one year

7

(170,833)

(170,850)

Net current liabilities

 

(26,405)

(92,919)

Total assets less current liabilities

 

184,422

133,929

Provisions for liabilities

(1,095)

(1,883)

Net assets

 

183,327

132,046

Capital and reserves

 

Called up share capital

1,200

1,200

Retained earnings

182,127

130,846

Shareholders' funds

 

183,327

132,046

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

K & C Hird Limited

(Registration number: 00973306)
Balance Sheet as at 28 February 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2025 and signed on its behalf by:
 

.........................................
Mr K Hird
Director

 

K & C Hird Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bent Laithe Farm
Colne
Lancashire
BB8 7DZ

These financial statements were authorised for issue by the Board on 8 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

K & C Hird Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Reducing balance 25%

Motor vehicles

Reducing balance 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

K & C Hird Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2024 - 4).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

222,064

82,149

36,882

341,095

Additions

-

2,900

-

2,900

Disposals

(17,000)

-

-

(17,000)

At 28 February 2025

205,064

85,049

36,882

326,995

Depreciation

At 1 March 2024

-

77,857

36,390

114,247

Charge for the year

-

1,798

123

1,921

At 28 February 2025

-

79,655

36,513

116,168

Carrying amount

At 28 February 2025

205,064

5,394

369

210,827

At 29 February 2024

222,064

4,292

492

226,848

 

K & C Hird Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Included within the net book value of land and buildings above is £205,064 (2024 - £222,064) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

8,317

9,268

6

Debtors

2025
£

2024
£

Prepayments

2,274

2,148

Other debtors

274

866

2,548

3,014

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

1,187

1,633

Taxation and social security

2,910

241

Accruals and deferred income

2,266

2,261

Other creditors

164,470

166,715

170,833

170,850