T.J.Bird & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00462960 (England and Wales)

T.J.BIRD & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr H A Bird

N A Foxwell

J C Bird

SECRETARY:

N A Foxwell

REGISTERED OFFICE:

Oaklands

St Andrews Major

Dinas Powys

Vale of Glamorgan

CF64 4HD

REGISTERED NUMBER:

00462960 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

7,678

7,678

Tangible assets

5

823,868

839,168

Investments

6

307,302

297,307

1,138,848

1,144,153

CURRENT ASSETS

Stocks

149,959

74,463

Debtors

7

62,785

87,456

Cash at bank and in hand

339,685

327,081

552,429

489,000

CREDITORS

Amounts falling due within one year

8

164,247

167,880

NET CURRENT ASSETS

388,182

321,120

TOTAL ASSETS LESS CURRENT LIABILITIES

1,527,030

1,465,273

CREDITORS

Amounts falling due after more than one year

9

(7,200

)

(8,400

)

PROVISIONS FOR LIABILITIES

(12,712

)

(10,816

)

NET ASSETS

1,507,118

1,446,057

CAPITAL AND RESERVES

Called up share capital

1,300

1,300

Share premium

6,900

6,900

Revaluation reserve

10

54,210

46,111

Capital redemption reserve

300

300

Retained earnings

1,444,408

1,391,446

1,507,118

1,446,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd April 2022 and were signed on its behalf by:

N A Foxwell - Director

1.	STATUTORY INFORMATION

T.J.Bird & Sons 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises income receivable from the principal activities of the company exclusive of discounts, rebates and value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Not depreciated

Plant and machinery etc

-

at varying rates on cost and at variable rates on reducing balance

Government grants

Government grants are recognised over the period for which the grant is intended to compensate. Grants that are receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants in respect of capital expenditure are released to the profit and loss account over the estimated useful life of the asset to which it relates.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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.

Covid 19

The COVID-19 pandemic has had a significant negative impact on the UK economy. Given the rapidly evolving nature of the situation and lockdowns it is difficult to quantify the impact of Covid-19, the directors recognise that in the longer term its effect may be more significant. At this point in time any long-term effect on the company is unknown, but the directors remain confident of the financial position of the company. The directors have taken advantage of appropriate government support schemes.. The directors believe that the company has sufficient and is generating additional reserves and cash to withstand any further economic downturns created by the pandemic and are confident that it is correct to prepare the accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2021

and 31st December 2021

7,678

NET BOOK VALUE

At 31st December 2021

7,678

At 31st December 2020

7,678

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2021

612,089

574,219

1,186,308

Additions

-

30,214

30,214

Disposals

-

(23,000

)

(23,000

)

At 31st December 2021

612,089

581,433

1,193,522

DEPRECIATION

At 1st January 2021

22,183

324,957

347,140

Charge for year

-

41,509

41,509

Eliminated on disposal

-

(18,995

)

(18,995

)

At 31st December 2021

22,183

347,471

369,654

NET BOOK VALUE

At 31st December 2021

589,906

233,962

823,868

At 31st December 2020

589,906

249,262

839,168

6.	FIXED ASSET INVESTMENTS

2021

2020

£

£

Other investments not loans

66,922

56,927

Other loans

240,380

240,380

307,302

297,307

Additional information is as follows:

Other

investments

£

COST OR VALUATION

At 1st January 2021

56,927

Revaluations

9,995

At 31st December 2021

66,922

NET BOOK VALUE

At 31st December 2021

66,922

At 31st December 2020

56,927

Cost or valuation at 31st December 2021 is represented by:

Other

investments

£

Valuation in 2019

42,781

Valuation in 2020

14,130

Valuation in 2021

9,995

Cost

16

66,922

Other

loans

£

At 1st January 2021

and 31st December 2021

240,380

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

16,198

36,300

Other debtors

46,587

51,156

62,785

87,456

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

(818

)

(818

)

Taxation and social security

17,458

13,924

Other creditors

147,607

154,774

164,247

167,880

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

7,200

8,400

10.

RESERVES

Revaluation

reserve

£

At 1st January 2021

46,111

Revaluation in the year

8,099

At 31st December 2021

54,210