REGISTERED NUMBER: 01192282 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Limbird Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P A White

Mrs M White

REGISTERED OFFICE:

8 The Glenmore Centre, Jessop Court

Waterwells Business Park

Quedgeley

Gloucester

GL2 2AP

REGISTERED NUMBER:

01192282 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Barclays Bank Plc

18 Southgate Street

Gloucester

Gloucestershire

GL1 2DH

FIXED ASSETS

Tangible assets

4

213,972

169,347

CURRENT ASSETS

Stocks

332,223

11,000

Debtors

5

824,173

882,836

Cash at bank and in hand

1,219,113

866,227

2,375,509

1,760,063

CREDITORS

Amounts falling due within one year

6

1,367,945

623,908

NET CURRENT ASSETS

1,007,564

1,136,155

TOTAL ASSETS LESS CURRENT LIABILITIES

1,221,536

1,305,502

CREDITORS

Amounts falling due after more than one year

7

(54,606

)

(9,168

)

PROVISIONS FOR LIABILITIES

(40,092

)

(42,337

)

NET ASSETS

1,126,838

1,253,997

CAPITAL AND RESERVES

Called up share capital

9

4,750

9,500

Share premium

34,180

34,180

Capital redemption reserve

8,636

3,886

Retained earnings

1,079,272

1,206,431

SHAREHOLDERS' FUNDS

1,126,838

1,253,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 23 July 2026 and were signed on its behalf by:

P A White - Director

1.	STATUTORY INFORMATION

Limbird 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.

Significant judgements and estimates

No significant judgments, apart from those involving estimations, have been made by management in preparing these financial statements.

In determining the recoverable amounts due from retentions deducted by customers, management have based the recoverable retention debtors upon historical experience and other factors that are considered to be relevant to the specific contracts. Actual recovered retentions may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of cost and estimated sales value, together with a proportion of foreseeable profit where appropriate.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event if it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 April 2025

18,594

45,096

16,907

Additions

-

-

89

Disposals

-

-

-

At 31 March 2026

18,594

45,096

16,996

Depreciation

At 1 April 2025

155

44,117

14,752

Charge for year

1,859

195

438

Eliminated on disposal

-

-

-

At 31 March 2026

2,014

44,312

15,190

Net book value

At 31 March 2026

16,580

784

1,806

At 31 March 2025

18,439

979

2,155

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2025

340,606

38,891

460,094

Additions

121,399

1,386

122,874

Disposals

(159,809

)

-

(159,809

)

At 31 March 2026

302,196

40,277

423,159

Depreciation

At 1 April 2025

197,448

34,275

290,747

Charge for year

33,651

2,641

38,784

Eliminated on disposal

(120,344

)

-

(120,344

)

At 31 March 2026

110,755

36,916

209,187

Net book value

At 31 March 2026

191,441

3,361

213,972

At 31 March 2025

143,158

4,616

169,347

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2025

58,276

Additions

106,804

Disposals

(58,276

)

At 31 March 2026

106,804

Depreciation

At 1 April 2025

30,618

Charge for year

4,530

Eliminated on disposal

(32,923

)

At 31 March 2026

2,225

Net book value

At 31 March 2026

104,579

At 31 March 2025

27,658

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

661,619

802,636

Other debtors

162,554

80,200

824,173

882,836

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans and overdrafts

9,167

10,000

Hire purchase contracts (see note 8)

27,308

28,854

Trade creditors

758,987

265,535

Taxation and social security

196,328

254,751

Other creditors

376,155

64,768

1,367,945

623,908

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans

-

9,168

Hire purchase contracts (see note 8)

54,606

-

54,606

9,168

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/26

31/3/25

£

£

Net obligations repayable:

Within one year

27,308

28,854

Between one and five years

54,606

-

81,914

28,854

Non-cancellable

operating leases

31/3/26

31/3/25

£

£

Within one year

48,042

39,735

Between one and five years

155,389

35,888

In more than five years

160,417

-

363,848

75,623

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/26

31/3/25

value:

£

£

4,750

Ordinary A

£1

4,750

4,750

4,750

Ordinary B

£1

-

4,750

4,750

9,500

During the year, the company completed a purchase of own shares. 4,750 Ordinary 'B' shares with a total nominal value of £4,750 were purchased for £290,000.

10.	SHARE-BASED PAYMENT TRANSACTIONS

The company continued to operate a share option scheme during the year.

The options may be exercised in the event of a sale or flotation of the company. The exercise price per share is £140. The option will lapse on the tenth anniversary of the date of the agreement.

The number of £1 ordinary C shares outstanding and exercisable at 31 March 2026 were 500 (2025 - 500).