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Registration number: 05672398

Britannia Book-keeping Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Britannia Book-keeping Services Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

Britannia Book-keeping Services Limited

Company Information

Director

MR BGH Batt

Registered office

A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

Accountants

Britannia Accountancy & Tax Services Ltd
A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

 

Britannia Book-keeping Services Limited

Director's Report for the Year Ended 30 September 2023

The director presents his report and the financial statements for the year ended 30 September 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs Anna Zatorska-Batt (ceased 29 September 2023)

MR BGH Batt

Principal activity

The principal activity of the company is business consultancy services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 22 November 2023 and signed on its behalf by:

.........................................
MR BGH Batt
Director

   
     
 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Britannia Book-keeping Services Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Britannia Book-keeping Services Limited for the year ended 30 September 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Britannia Book-keeping Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Britannia Book-keeping Services Limited and state those matters that we have agreed to state to the Board of Directors of Britannia Book-keeping Services Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britannia Book-keeping Services Limited and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Britannia Book-keeping Services Limited

It is your duty to ensure that Britannia Book-keeping Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Britannia Book-keeping Services Limited. You consider that Britannia Book-keeping Services 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 accounts of Britannia Book-keeping Services 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 accounts.

......................................

Britannia Accountancy & Tax Services Ltd
A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

22 November 2023

 

Britannia Book-keeping Services Limited

Profit and Loss Account for the Year Ended 30 September 2023

Note

2023
£

2022
£

Turnover

 

83,143

64,350

Cost of sales

 

(39,488)

(16,274)

Gross profit

 

43,655

48,076

Administrative expenses

 

(27,868)

(15,556)

Operating profit

 

15,787

32,520

Interest payable and similar expenses

 

-

(14,850)

Profit before tax

15,787

17,670

Profit for the financial year

 

15,787

17,670

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Britannia Book-keeping Services Limited

Statement of Comprehensive Income for the Year Ended 30 September 2023

2023
£

2022
£

Profit for the year

15,787

17,670

Total comprehensive income for the year

15,787

17,670

 

Britannia Book-keeping Services Limited

(Registration number: 05672398)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

-

29,550

Debtors

5

-

94,788

Cash at bank and in hand

 

-

2,068

 

-

126,406

Creditors: Amounts falling due within one year

6

(37,464)

(89,657)

Net (liabilities)/assets

 

(37,464)

36,749

Capital and reserves

 

Called up share capital

7

230

90,230

Retained earnings

(37,694)

(53,481)

Shareholders' (deficit)/funds

 

(37,464)

36,749

For the financial year ending 30 September 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 November 2023
 

.........................................
MR BGH Batt
Director

   
     
 

Britannia Book-keeping Services Limited

Statement of Changes in Equity for the Year Ended 30 September 2023

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

90,230

(53,481)

36,749

Profit for the year

-

15,787

15,787

Other share capital movements

(90,000)

-

(90,000)

At 30 September 2023

230

(37,694)

(37,464)

Share capital
£

Retained earnings
£

Total
£

At 1 October 2021

90,230

(71,151)

19,079

Profit for the year

-

17,670

17,670

At 30 September 2022

90,230

(53,481)

36,749

 

Britannia Book-keeping Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

These financial statements were authorised for issue by the director on 22 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Asset class

Depreciation method and rate

Plant and machinery

18% on net book value

Vehicles

18% on net book value

Office equipment

18% on net book value

Furniture and fittings

18% on net book value

Amortisation

 

Britannia Book-keeping Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Britannia Book-keeping Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4

Stocks

2023
£

2022
£

Work in progress

-

29,550

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

94,788

 

Britannia Book-keeping Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

-

(116,814)

Trade creditors

 

-

164,090

Other creditors

 

37,464

42,381

 

37,464

89,657

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

Ordinary Non-voting A of £1 each

10

10

10

10

Ordinary Non-voting B of £1 each

10

10

10

10

Ordinary Non-voting C of £1 each

10

10

10

10

Redeemable 16.5% Preference of £1,000 each

90

90,000

90

90,000

 

320

90,230

320

90,230

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

(116,814)

9

Dividends

Final dividends paid

 

Britannia Book-keeping Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

 

2023
£

2022
£

Final dividend of £0 per each Ordinary share

-

-

Final dividend of £0 per each Ordinary Non-voting A share

-

-

Final dividend of £0 per each Ordinary Non-voting B share

-

-

 

-

-

Interim dividends paid

 

2023
£

2022
£

Interim dividend of £0 per each Ordinary share

-

-

Interim dividend of £0 per each Ordinary Non-voting A share

-

-

Interim dividend of £0 per each Ordinary Non-voting B share

-

-

 

-

-