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REGISTERED NUMBER: 09728336 (England and Wales)



Financial Statements for the Year Ended 28 February 2023

for

Britannia K9 Security Limited

Britannia K9 Security Limited (Registered number: 09728336)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Britannia K9 Security Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr D Lines
Mrs L Lines





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 09728336 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Britannia K9 Security Limited (Registered number: 09728336)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 420 925

CURRENT ASSETS
Stocks 5 904,163 584,299
Debtors 6 865,641 940,350
Cash at bank 32,759 65,481
1,802,563 1,590,130
CREDITORS
Amounts falling due within one year 7 (1,800,023 ) (1,590,395 )
NET CURRENT ASSETS/(LIABILITIES) 2,540 (265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,960

660

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 2,860 560
SHAREHOLDERS' FUNDS 2,960 660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 K9 Security Limited (Registered number: 09728336)

Statement of Financial Position - continued
28 February 2023


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 13 November 2023 and were signed on its behalf by:





Mr D Lines - Director


Britannia K9 Security Limited (Registered number: 09728336)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Britannia K9 Security 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Britannia K9 Security Limited (Registered number: 09728336)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 2,389 4,615 7,004
DEPRECIATION
At 1 March 2022 2,070 4,009 6,079
Charge for year 174 331 505
At 28 February 2023 2,244 4,340 6,584
NET BOOK VALUE
At 28 February 2023 145 275 420
At 28 February 2022 319 606 925

5. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 904,163 577,884
Payments on account - 6,415
904,163 584,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 865,641 927,978
Directors' current accounts - 12,372
865,641 940,350

Britannia K9 Security Limited (Registered number: 09728336)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 8) 33,213 42,900
Receipts on account 4,484 2,416
Trade creditors 1,349,240 1,231,887
Tax 82,516 40,537
Social security and other taxes 4,000 9,819
Wages Control Account 15,493 3,813
VAT 309,965 258,265
Pension Payable 597 758
Directors' current accounts 98 -
Accrued expenses 417 -
1,800,023 1,590,395

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
HSBC BBB Loan 33,213 42,900

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1p 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2022 560
Profit for the year 82,300
Dividends (80,000 )
At 28 February 2023 2,860