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REGISTERED NUMBER: 04337729 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2021

for

Britannia Labels Limited

Britannia Labels Limited (Registered number: 04337729)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Britannia Labels Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: P J Brownhill
Mrs K S Brownhill





SECRETARY: P J Brownhill





REGISTERED OFFICE: 22b Centurion Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WH





REGISTERED NUMBER: 04337729 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Britannia Labels Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Britannia Labels Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Britannia Labels Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Britannia Labels Limited and state those matters that we have agreed to state to the Board of Directors of Britannia Labels Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britannia Labels Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Britannia Labels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Britannia Labels Limited. You consider that Britannia Labels Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Britannia Labels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


2 September 2022

Britannia Labels Limited (Registered number: 04337729)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,238 133,032
Investments 5 1,813,659 1,813,659
1,889,897 1,946,691

CURRENT ASSETS
Stocks 6 27,999 28,022
Debtors 7 955,847 865,301
Cash at bank and in hand 1,351,679 1,190,026
2,335,525 2,083,349
CREDITORS
Amounts falling due within one year 8 947,579 1,391,912
NET CURRENT ASSETS 1,387,946 691,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,277,843

2,638,128

PROVISIONS FOR LIABILITIES 9,168 18,564
NET ASSETS 3,268,675 2,619,564

CAPITAL AND RESERVES
Called up share capital 10 450,000 450,000
Retained earnings 11 2,818,675 2,169,564
SHAREHOLDERS' FUNDS 3,268,675 2,619,564

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Britannia Labels Limited (Registered number: 04337729)

Balance Sheet - continued
31 December 2021


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 2 September 2022 and were signed on its behalf by:





P J Brownhill - Director


Britannia Labels Limited (Registered number: 04337729)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Britannia Labels 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.

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.
Improvements to leasehold property - 20% on cost
Plant and machinery - 33% on cost and 15% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 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 balance sheet date.


Britannia Labels Limited (Registered number: 04337729)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2020 - 43 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 46,201 760,196 273,688 42,229 1,122,314
Additions - - - 8,106 8,106
Disposals - - - (28,406 ) (28,406 )
At 31 December 2021 46,201 760,196 273,688 21,929 1,102,014
DEPRECIATION
At 1 January 2021 46,201 627,164 273,688 42,229 989,282
Charge for year - 56,794 - - 56,794
Eliminated on disposal - - - (20,300 ) (20,300 )
At 31 December 2021 46,201 683,958 273,688 21,929 1,025,776
NET BOOK VALUE
At 31 December 2021 - 76,238 - - 76,238
At 31 December 2020 - 133,032 - - 133,032

Britannia Labels Limited (Registered number: 04337729)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 1,813,658 1 1,813,659
NET BOOK VALUE
At 31 December 2021 1,813,658 1 1,813,659
At 31 December 2020 1,813,658 1 1,813,659

6. STOCKS
31.12.21 31.12.20
£    £   
Finished goods 27,999 28,022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 133,568 106,522
Other debtors 368,576 469,809
Directors' current accounts 410,808 230,216
VAT 19,516 23,817
Prepayments and accrued income 23,379 34,937
955,847 865,301

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 2,375
Trade creditors 235,557 604,220
Amounts owed to group undertakings 65,040 61,933
Corporation tax 237,983 189,275
Social security and other taxes 22,732 -
Other creditors 279 279
Accruals and deferred income 385,988 533,830
947,579 1,391,912

Britannia Labels Limited (Registered number: 04337729)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Hire purchase contracts - 2,375

The hire purchase creditor is secured on the related assets.

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
50,000 Ordinary £1 50,000 50,000
400,000 Preference £1 400,000 400,000
450,000 450,000

11. RESERVES
Retained
earnings
£   

At 1 January 2021 2,169,564
Profit for the year 749,111
Dividends (100,000 )
At 31 December 2021 2,818,675

12. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total future commitments of £Nil (2020: £1,909).

Britannia Labels Limited (Registered number: 04337729)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21 31.12.20
£    £   
P J Brownhill
Balance outstanding at start of year 230,216 (25,817 )
Amounts advanced 180,592 316,033
Amounts repaid - (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 410,808 230,216

The loans are interest free and repayable on demand.