Bird & Sons Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03789715

Bird & Sons Ltd

Unaudited financial statements

31 March 2026

Bird & Sons Ltd

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		3,039,187		3,694,836

Current assets

Stocks		287,996	405,653
Debtors	6	469,415	931,234
Cash at bank and in hand		117,629	5,654
		---------	-----------
		875,040	1,342,541

Creditors: Amounts falling due within one year	7	( 455,918)		( 1,063,445)
		---------		-----------
Net current assets			419,122		279,096
			-----------		-----------
Total assets less current liabilities			3,458,309		3,973,932

Creditors: Amounts falling due after more than one year	8		( 1,498,587)		( 1,345,468)

Provisions

Taxation including deferred tax	( 7,502)	( 338,751)
	-----------	-----------
Net assets	1,952,220	2,289,713
	-----------	-----------

Capital and reserves

Called up share capital	600	600
Investment property valuation reserve	1,121,937	1,444,547
Profit and loss account	829,683	844,566
	-----------	-----------
Shareholders funds	1,952,220	2,289,713
	-----------	-----------

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 statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 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 2026

These financial statements were approved by the board of directors and authorised for issue on 4 June 2026 , 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 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Choats Farm, Panfield Road, Braintree, Essex, CM7 5BJ.

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 recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

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 (2025: 3 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2025	3,666,467	100,400	–	740	3,767,607
Additions	–	13,593	2,715	–	16,308
Disposals	( 475,000)	( 20,400)	–	( 740)	( 496,140)
Revaluations	( 185,000)	–	–	–	( 185,000)
	-----------	---------	------	----	-----------
At 31 March 2026	3,006,467	93,593	2,715	–	3,102,775
	-----------	---------	------	----	-----------
Depreciation
At 1 April 2025	–	72,031	–	740	72,771
Charge for the year	–	7,519	–	–	7,519
Disposals	–	( 15,962)	–	( 740)	( 16,702)
	-----------	---------	------	----	-----------
At 31 March 2026	–	63,588	–	–	63,588
	-----------	---------	------	----	-----------
Carrying amount
At 31 March 2026	3,006,467	30,005	2,715	–	3,039,187
	-----------	---------	------	----	-----------
At 31 March 2025	3,666,467	28,369	–	–	3,694,836
	-----------	---------	------	----	-----------

The fair value of the Company's investment property at 31 March 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.

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 2026
Aggregate cost	1,712,248
Aggregate depreciation	–
	-----------
Carrying value	1,712,248
	-----------

At 31 March 2025
Aggregate cost	1,883,167
Aggregate depreciation	–
	-----------
Carrying value	1,883,167
	-----------

6. Debtors

	2026	2025
	£	£
Prepayments and accrued income	60,729	–
Other debtors	408,686	931,234
	---------	---------
	469,415	931,234
	---------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	16,311	12,039
Trade creditors	1,719	1,898
Accruals and deferred income	5,100	186,621
Obligations under finance leases and hire purchase contracts	–	1,819
Other creditors	432,788	861,068
	---------	-----------
	455,918	1,063,445
	---------	-----------

Obligations under hire purchase agreements and bank loans are secured on the assets concerned. At the reporting date, the company had an outstanding balance of £18,798 due to a connected company. The balance is interest-free, unsecured, and repayable on demand.

8. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	1,398,689	1,192,657
Other creditors	99,898	152,811
	-----------	-----------
	1,498,587	1,345,468
	-----------	-----------

Included within creditors: amounts falling due after more than one year is an amount of £1,336,781 (2025: £Nil) in respect of liabilities payable or repayable otherwise than 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. £856,406 is due to be repaid by October 2048 and is subject to an average interest rate of 4.82%. £244,125 is due to be repaid by November 2048 and is subject to an interest rate of 4.89%. £236,250 is due to be repaid by January 2049 and is subject to an interest rate of 4.79% £61,908 is due to be repaid by October 2029 and is subject to an interest rate of 10.08%.

9. Directors' advances, credits and guarantees

Included within debtors at the year end is an directors loan account of £182,429 (2025: £Nil). The maximum overdrawn balance during the year was £185,959. Interest of £3,090 was charged at the official rate.