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Reports Dated : 13/02/2024 Registered Number: 07537717
England and Wales

 

 

 

BRITMAL LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 27 February 2023
Director Devi Knuffel
Registered Number 07537717
Registered Office 5 Wellpond Close
Sharnbrook
Bedfordshire
MK44 1PL
Accountants Denton Tavara Limited
61a High Street South
Rushden
NN10 0RA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 27 February 2023.
Principal activities
The principal activity of the company during the financial period was that of retail sale via mail order.
Directors
The directors who served the company throughout the period were as follows:
Axel Knuffel
Devi Knuffel
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Devi Knuffel
Director

Date approved: 13 February 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 27 February 2023 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Denton Tavara Limited
61a High Street South
Rushden
NN10 0RA
13 February 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,501    1,797 
1,501    1,797 
Current assets      
Stocks 4 11,510    14,904 
Debtors 5 738    1,639 
Cash at bank and in hand 3,926    5,895 
16,174    22,438 
Creditors: amount falling due within one year 6 (56,028)   (29,927)
Net current liabilities (39,854)   (7,489)
 
Total assets less current liabilities (38,353)   (5,692)
Net liabilities (38,353)   (5,692)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (38,355)   (5,694)
Shareholder's funds (38,353)   (5,692)
 


For the period ended 27 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 February 2024 and were signed on its behalf by:


-------------------------------
Devi Knuffel
Director
4
General Information
Britmal Ltd is a private company, limited by shares, registered in England and Wales, registration number 07537717, registration address 5 Wellpond Close, Sharnbrook, Bedfordshire, MK44 1PL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 March 2022 7,823    7,823 
Additions 205    205 
Disposals  
At 27 February 2023 8,028    8,028 
Depreciation
At 01 March 2022 6,026    6,026 
Charge for period 501    501 
On disposals  
At 27 February 2023 6,527    6,527 
Net book values
Closing balance as at 27 February 2023 1,501    1,501 
Opening balance as at 01 March 2022 1,797    1,797 


4.

Stocks

2023
£
  2022
£
Closing Stocks and WIP 11,510    14,904 
11,510    14,904 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Corporation Tax   1,639 
VAT 738   
738    1,639 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Accruals 1,155    2,724 
Other Creditors  
Directors' Current Accounts 54,873    27,203 
56,028    29,927 

5