Birds & Animals UK Ltd Filleted accounts for Companies House (small and micro)

BIRDS & ANIMALS UK LTD. - Company Information

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COMPANY REGISTRATION NUMBER: 04113998

Birds & Animals UK Ltd

Filleted Unaudited Financial Statements

30 November 2022

Birds & Animals UK Ltd

Statement of Financial Position

30 November 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	6		413,631	410,653

Current assets

Debtors	7	78,359	122,582
Cash at bank and in hand		202,030	258,473
		---------	---------
		280,389	381,055

Creditors: amounts falling due within one year	8	190,564		233,934
		---------		---------
Net current assets			89,825	147,121
			---------	---------
Total assets less current liabilities			503,456	557,774

Creditors: amounts falling due after more than one year	9		21,893	28,691

Provisions

Taxation including deferred tax	5,684	4,259
	---------	---------
Net assets	475,879	524,824
	---------	---------

Birds & Animals UK Ltd

Statement of Financial Position (continued)

30 November 2022

	2022		2021
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	475,779	524,724
	---------	---------
Shareholders funds	475,879	524,824
	---------	---------

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 income statement has not been delivered.

For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 July 2023 , and are signed on behalf of the board by:

G Gero
Director

Company registration number: 04113998

Birds & Animals UK Ltd

Notes to the Financial Statements

Year ended 30 November 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Zone G, Salamander Quay, Park Lane, Harefield, Middlesex UB9 6NZ.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold building	-	2 % per annum on straight line basis
Animals	-	16.98% per annum on reducing balance basis
Fixtures & fittings	-	33.33% per annum on reducing balance basis
Motor vehicles	-	25.00% per annum on reducing balance basis
Equipment	-	`33.33% per annum on reducing balance basis`

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2021: 8 ).

5. Tax on (loss)/profit

Major components of tax (income)/expense

	2022	2021
	£	£

Current tax:

UK current tax expense	–	9,562
Adjustments in respect of prior periods	( 9,562)	–
	------	------
Total current tax	( 9,562)	9,562
	------	------

Deferred tax:

Origination and reversal of timing differences	1,425	( 145)
	------	------
Tax on (loss)/profit	( 8,137)	9,417
	------	------

Reconciliation of tax (income)/expense

The tax assessed on the (loss)/profit on ordinary activities for the year is higher than (2021: lower than) the standard rate of corporation tax in the UK of 19 % (2021: 19 %).

	2022	2021
	£	£
(Loss)/profit on ordinary activities before taxation	( 57,082)	126,244
	-------	---------
(Loss)/profit on ordinary activities by rate of tax	( 10,845)	23,986
Adjustment to tax charge in respect of prior periods	(435)	–
Effect of expenses not deductible for tax purposes	2,312	526
Effect of capital allowances and depreciation	( 1,704)	294
Utilisation of tax losses	–	( 15,244)
Deferred tax	1,425	(145)
Losses carried forward	1,110	–
	-------	---------
Tax on (loss)/profit	( 8,137)	9,417
	-------	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Dec 2021	452,483	39,120	112,141	9,400	14,321	627,465
Additions	–	10,295	3,421	–	1,568	15,284
Disposals	–	( 700)	–	–	–	( 700)
	---------	-------	---------	------	-------	---------
At 30 Nov 2022	452,483	48,715	115,562	9,400	15,889	642,049
	---------	-------	---------	------	-------	---------
Depreciation
At 1 Dec 2021	67,222	21,964	107,377	8,720	11,529	216,812
Charge for the year	3,214	4,645	2,728	170	1,453	12,210
Disposals	–	( 604)	–	–	–	( 604)
	---------	-------	---------	------	-------	---------
At 30 Nov 2022	70,436	26,005	110,105	8,890	12,982	228,418
	---------	-------	---------	------	-------	---------
Carrying amount
At 30 Nov 2022	382,047	22,710	5,457	510	2,907	413,631
	---------	-------	---------	------	-------	---------
At 30 Nov 2021	385,261	17,156	4,764	680	2,792	410,653
	---------	-------	---------	------	-------	---------

7. Debtors

	2022	2021
	£	£
Trade debtors	60,332	119,418
Other debtors	18,027	3,164
	-------	---------
	78,359	122,582
	-------	---------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	6,928	7,307
Trade creditors	2,227	39,830
Corporation tax	–	9,562
Social security and other taxes	50,608	61,347
Other creditors	130,801	115,888
	---------	---------
	190,564	233,934
	---------	---------

The bank loan is secured by a fixed charge on the freehold property, and by a fixed and floating charge on other assets and undertakings of the company. The bank loan interest rate is charged at 1.89% over the Barclays Bank base rate of 3.00%. The bank loan is repayable in monthly instalments of £672 (2021 - £672).

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

	2022	2021
	£	£
Bank loans and overdrafts	21,893	28,691
	-------	-------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2022	2021
	£	£
G Gero	( 7,926)	( 7,926)
	------	------