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REGISTERED NUMBER: 03061576 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BRITANNIA ENTERPRISE CENTRE LIMITED

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRITANNIA ENTERPRISE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr H W Gastall
Miss L Gastall





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill-on-sea
East Sussex
TN39 5ES





REGISTERED NUMBER: 03061576 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 29,922 25,331
Investments 5 - 70,000
29,922 95,331

CURRENT ASSETS
Debtors 6 80,423 23,435
Cash at bank 106,632 130,207
187,055 153,642
CREDITORS
Amounts falling due within one year 7 23,151 61,789
NET CURRENT ASSETS 163,904 91,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,826

187,184

CREDITORS
Amounts falling due after more than one year 8 (19,500 ) (27,300 )

PROVISIONS FOR LIABILITIES 10 (5,638 ) (4,756 )
NET ASSETS 168,688 155,128

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 168,686 155,126
SHAREHOLDERS' FUNDS 168,688 155,128

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





Mr H W Gastall - Director


BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Britannia Enterprise Centre 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
Revenue 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.
Short leasehold - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Cost
At 1 June 2022 30,230 4,661 43,882 78,773
Additions 14,000 - 740 14,740
At 31 May 2023 44,230 4,661 44,622 93,513
Depreciation
At 1 June 2022 13,026 4,527 35,889 53,442
Charge for year 7,946 20 2,183 10,149
At 31 May 2023 20,972 4,547 38,072 63,591
Net book value
At 31 May 2023 23,258 114 6,550 29,922
At 31 May 2022 17,204 134 7,993 25,331

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 June 2022 70,000
Disposals (70,000 )
At 31 May 2023 -
Net book value
At 31 May 2023 -
At 31 May 2022 70,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,564 9,566
Amounts owed by participating interests 66,264 12,934
Other debtors 3,595 935
80,423 23,435

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,800 7,800
Taxation and social security 9,440 17,344
Other creditors 5,911 36,645
23,151 61,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,500 27,300

9. SECURED DEBTS

HSBC bank PLC has fixed and floating charge over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant and machinery.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,638 4,756

Deferred
tax
£   
Balance at 1 June 2022 4,756
Utilised during year 882
Balance at 31 May 2023 5,638

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2