Bird & Co Solicitors LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC318696

BIRD & CO SOLICITORS LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

BIRD & CO SOLICITORS LLP

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026	2025
Note	£	£

FIXED ASSETS

Intangible assets	5	42,000	42,000
Tangible assets	6	78,334	41,691
		----------	---------
		120,334	83,691

CURRENT ASSETS

Debtors	7	1,683,526	1,448,080
Cash at bank and in hand		335,511	683,850
		-------------	-------------
		2,019,037	2,131,930

CREDITORS: amounts falling due within one year	8	570,294	721,205
		-------------	-------------
NET CURRENT ASSETS		1,448,743	1,410,725
		-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES		1,569,077	1,494,416

CREDITORS: amounts falling due after more than one year	9	–	4,697
		-------------	-------------
NET ASSETS		1,569,077	1,489,719
		-------------	-------------

REPRESENTED BY:

LOANS AND OTHER DEBTS DUE TO MEMBERS

Other amounts	10	1,569,077	1,489,719
		-------------	-------------

MEMBERS' OTHER INTERESTS

Other reserves	–	–
	-------------	-------------
	1,569,077	1,489,719
	-------------	-------------

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members	10	1,569,077	1,489,719
Members' other interests		–	–
		-------------	-------------
		1,569,077	1,489,719
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' 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 (as applied to LLPs), the statement of comprehensive income has not been delivered.

BIRD & CO SOLICITORS LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the members and authorised for issue on 8 October 2026 , and are signed on their behalf by:

E Conron	C Milligan
Designated Member	Designated Member

Registered number: OC318696

BIRD & CO SOLICITORS LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 15 Castlegate, Grantham, Lincolnshire, NG31 6SE, United Kingdom.

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', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

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.

Revenue recognition

Turnover shown in the statement of comprehensive income represents amounts invoiced during the year, exclusive of Value Added Tax, and is inclusive of accrued income in respect of unbilled work. The value of unbilled work is based on an assessment of the fair value of the services provided at the year end date as a proportion of the total value of the engagement.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the LLP's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

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:

Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% and 33% Straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 62 (2025: 59 ).

5.	Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	42,000
	---------
Amortisation
At 1 April 2025 and 31 March 2026	–
	---------
Carrying amount
At 31 March 2026	42,000
	---------
At 31 March 2025	42,000
	---------

6.	Tangible assets

	Fixtures and fittings	Motor vehicles	Office Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	121,949	27,995	590,928	740,872
Additions	2,442	–	49,118	51,560
	----------	---------	----------	----------
At 31 March 2026	124,391	27,995	640,046	792,432
	----------	---------	----------	----------
Depreciation
At 1 April 2025	107,341	24,268	567,572	699,181
Charge for the year	4,647	932	9,338	14,917
	----------	---------	----------	----------
At 31 March 2026	111,988	25,200	576,910	714,098
	----------	---------	----------	----------
Carrying amount
At 31 March 2026	12,403	2,795	63,136	78,334
	----------	---------	----------	----------
At 31 March 2025	14,608	3,727	23,356	41,691
	----------	---------	----------	----------

7.	Debtors

	2026	2025
	£	£
Trade debtors	1,431,956	1,178,134
Other debtors	251,570	269,946
	-------------	-------------
	1,683,526	1,448,080
	-------------	-------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	281,721	365,388
Trade creditors	30,633	15,260
Social security and other taxes	245,363	297,582
Other creditors	12,577	42,975
	----------	----------
	570,294	721,205
	----------	----------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	4,697
	----	-------

10.	Loans and other debts due to members

	2026	2025
	£	£
Amounts owed to members in respect of profits	1,569,077	1,489,719
	-------------	-------------

11.	Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	49,257	92,389
Later than 1 year and not later than 5 years	118,154	131,336
	----------	----------
	167,411	223,725
	----------	----------

12.	Related party transactions

No transactions with related parties subsisted during the year, such as are required to be disclosed under FRS102 (Section 1A).

13.	Controlling party

The LLP remained under the control of the designated members through the current and previous accounting period.